New York, NY (June 1, 2012) -- KPS Capital Partners, LP ("KPS") announced today that it has completed the acquisition of Robert Bosch’s global automotive foundation brakes business, through a newly-formed affiliate, Chassis Brakes International Group. Financial terms of the transaction were not disclosed.
Lazard Frères & Co. LLC acted as financial advisor, and Hengeler Mueller as legal counsel, to KPS and its affiliates.
About Chassis Brakes International Group
Chassis Brakes International Group, headquartered in Drancy, France, is one of the world's three largest manufacturers of automotive foundation brakes and foundation brake components. The Group’s primary products, which include brake calipers, disk brakes, drum brakes, and parking brakes, are sold directly to original equipment manufacturers and through various aftermarket channels. The Group employs 6,000 associates at 21 manufacturing facilities and engineering centers in Europe, Asia, and South America.