LS Automotive

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.

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.

LS Group has decided to sell its entire 100% stake in LS Automotive Corp., an automotive electronic parts maker, to private equity firm KKR & Co. for approximately 1 trillion won ($884 million) on an enterprise value basis.

LS Automotive has signed a 105 billion won contract to supply body domain systems to Iran Khodro (IKCO) for 480,000 units over six years.