KPS buys Bosch Foundation Brakes

Formal completion of the deal is expected in spring 2012.

The investment was driven by KPS' previous experience in investing in the automotive industry and the wider industrial sector. KPS aims to grow the company organically and through acquisitions.

KPS focuses on investing in companies undergoing restructuring and turnarounds.

Company
Headquartered in Dancy, France, Bosch Foundation Brakes manufactures automotive foundation brakes and foundation brake components for direct sale to equipment manufacturers and through aftermarket channels. In 2010, the company reported €850m in total sales volume. Bosch Foundation Brakes employs 5,200 members of staff across twenty locations, fifteen of which are manufacturing facilities in Europe, Asia and South America.

People
Michael Psaros is a managing partner and co-founder at KPS. Martina Merz is CEO of Bosch Foundation Brakes.

Advisers
Equity - Lazard Frères & Co. LLC (Corporate finance), Hengeler Mueller (Legal).

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