KKR acquires majority stake in Hitachi Koki including power tools division

Private equity firm KKR has acquired a majority stake in Hitachi Koki, including its power tools division, from Hitachi Ltd. The deal values KKR's stake at $1.3 billion.

“Hitachi sold KKR all of the common stock holdings, which comprise 40.25% of the business, as well as a 10.9% stake previously held by Hitachi Urban Investment, Ltd.”protoolreviews.com

• 2 sources
• protoolreviews.comHitachi Power Tools Sold to Private Equity Firm KKR - Pro Tool ReviewsAdam SpaffordMar 9, 2017
• automotiveworld.comKKR completes tender offer for Calsonic Kansei | Automotive WorldWebmasterMar 23, 2017

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