# 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.

- Type: Acquisition
- Announced: 2017-03-09
- Where: Japan
- Value: $1.30B
- Status: announced
- Products: power tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Hitachi](https://endata.com/companies/1325.md) (partner)
- [Calsonic Kansei](https://endata.com/companies/1784.md) (target)
- [Hitachi Koki](https://endata.com/companies/16613.md) (target)
- [KKR](https://endata.com/companies/16879.md) (acquirer)
- [Nissan Motor](https://endata.com/companies/19742.md) (investor)

## Sources

- [protoolreviews.com](https://www.protoolreviews.com/hitachi-power-tools-sold-kkr-equity/), 2017-03-09: "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."
- [automotiveworld.com](https://www.automotiveworld.com/news/kkr-completes-tender-offer-calsonic-kansei/), 2017-03-23: "We are excited to work alongside the KKR team given their extensive global expertise in the auto, manufacturing and services sectors."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.