# LS Group and KKR form 1.05 trillion won partnership for LS Automotive and LS Mtron copper foil business

LS Group and KKR signed a partnership agreement valued at 1.05 trillion won. KKR will take a stake in LS Automotive (a JV with LS Group holding 53% and KKR 47%) and acquire LS Mtron's copper foil and thin film business through an asset transfer, creating an independent company.

- Type: Partnership
- 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), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [LS Corp](https://endata.com/companies/16131.md)
- [LS Corp](https://endata.com/companies/16131.md) (partner)
- [KKR](https://endata.com/companies/16879.md) (investor)
- [KKR](https://endata.com/companies/16879.md) (partner)
- [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/11644555), 2017-07-27: "LS그룹이 글로벌 투자회사 콜버그크래비스로버츠(KKR)와 1조500억원 규모 파트너십 계약을 체결했다."
- [dealstreetasia.com](https://www.dealstreetasia.com/stories/kkr-auto-parts-jv-koreas-ls-group-78970), 2017-07-27: "KKR to set up auto parts JV with South Korea's LS Group, buy materials business"

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