# KKR acquires stake in LS Automotive and LS Mtron's copper foil business

KKR will acquire a 47% stake in LS Automotive and take over LS Mtron's copper foil and thin film business, with a total enterprise value of KRW 1.05 trillion.

- Type: Acquisition
- Announced: 2017-07-27
- Where: South Korea
- Value: $930.0M (1050.0B KRW)
- Status: announced
- Products: automotive electronic parts, copper foil, thin film
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [LS Corp](https://endata.com/companies/16131.md) (partner)
- [KKR](https://endata.com/companies/16879.md) (acquirer)
- [LS Automotive](https://endata.com/companies/20214.md) (target)
- [LS Mtron Ltd](https://endata.com/companies/24019.md) (target)

## Sources

- [sedaily.com](https://www.sedaily.com/article/11644252), 2017-07-27: "LS그룹은 27일 세계적 투자회사인 콜버그크래비스로버츠(KKR)와 LS엠트론의 자동차전장부품 자회사인 LS오토모티브에 지분 참여를 하고, 동시에 동박·박막 사업부를 영업양수도 형태로 인수한다는 내용의 파트너십 계약을 체결했다고 밝혔다."
- [stblaw.com](https://www.stblaw.com/about-us/news/view/2017/07/31/kkr-to-partner-with-ls-group-in-ls-automotive-and-to-acquire-the-copper-foil-and-flexible-copper-clad-laminate-business-of-ls-group-valued-at-us$923.6-million), 2017-07-31: "KKR's investment implies a combined enterprise value of LS Automotive and the CF/FCCL Business of approximately KRW1.05 trillion (US$923.6 million)."

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