Press Release
KKR to Sell KCF Technologies to SKC
June 12, 2019Sale follows period of significant growth for KCFT
KCFT is a global-leading producer of copper foils and flexible copper clad laminates predominantly used in li-ion batteries for electric vehicle applications. The Company – which is one of the latest examples of a complex corporate carve-out by KKR – saw its capacity double during KKR’s investment period through the construction of new factories in addition to expanding overseas into new markets. KKR further assisted KCFT and its management team in setting up all core functions to operate as an independent company, securing long-term supply contracts, and making key senior appointments.
KKR made its investment in KCFT from its Asian Fund III. This transaction is subject to customary regulatory consents and approvals. Further details of the transaction are not disclosed.
ABOUT KKR
KKR is a leading global investment firm that manages multiple
alternative asset classes, including private equity, energy,
infrastructure, real estate and credit, with strategic partners that
manage hedge funds. KKR aims to generate attractive investment returns
for its fund investors by following a patient and disciplined investment
approach, employing world-class people, and driving growth and value
creation with KKR portfolio companies. KKR invests its own capital
alongside the capital it manages for fund investors and provides
financing solutions and investment opportunities through its capital
markets business. References to KKR’s investments may include the
activities of its sponsored funds. For additional information about
View source version on businesswire.com: https://www.businesswire.com/news/home/20190612005983/en/
MEDIA:
KKR:
KKR Asia Pacific:
anita.davis@kkr.com
The Signature (for KKR Korea):
nuri@thesignature.co.kr
KKR Americas:
Media@kkr.com
Source: KKR
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