KPS Capital Partners, LP (KPS), an US investment fund, will acquire the majority share of DexKo Global Inc. and its subsidiaries, such as AL-KO VT (pending all necessary official approvals). Financial terms of the transaction were not disclosed. Closing of the deal is expected by mid-2017.

Fred Bentley, CEO of DexKo: „The entire DexKo Global team is excited to partner with KPS as we continue to execute our strategy to be the preferred global supplier of highly engineered trailer axles, chassis assemblies and related componentry. KPS share our commitment, to provide our customers with unparalleled quality, innovative technology and an excellent customer service - which is evidenced by KPS investments over the past 20 years.

Raquel Palmer, Partner bei KPS: „We are very excited to acquire DexKo Global, a market leader with industry-leading quality, customer service and product innovation." With our manufacturing expertise and our strategic, operative and financial resources we support the global growth initiatives of DexKo Global Inc. As investor we maintain the existing objectives, the strategic direction as well as the company philosophy and intend to grow the business through both organic growth and acquisitions. We look forward to working with Chief Executive Officer Fred Bentley and his management team. What is more, we see The Sterling Group L.P. continuing to own a minority stake as a positive signal, affirming the future growth and value creation potential of DexKo Global."

Harald Hiller, President and CEO of AL-KO Vehicle Technology: „The partnership with KPS is yet another step to position DexKo and thus AL-KO Vehicle Technology for the future. It will leave untouched the values and traditions which AL-KO Vehicle Technology has grown over the years. All our partners and customers will be served as before. Management and day-to-day-contacts remain the same."
 

About KPS Capital Partners, LP:

KPS is the manager of the KPS Special Situations Funds, a family of investment funds with approximately $5.3 billion of assets under management. For over two decades, the Partners of KPS have worked exclusively to realize significant capital appreciation by making controlling equity investments in manufacturing and industrial companies across a diverse array of industries, including basic materials, branded consumer, healthcare and luxury products, automotive parts, capital equipment and general manufacturing. KPS creates value for its investors by working constructively with the managers to make businesses better, and generates investment returns by structurally improving the strategic position, competitiveness and profitability of its portfolio companies, rather than primarily relying on financial leverage. The KPS Funds’ portfolio companies have aggregate annual revenues of approximately $3.9 billion, operate 103 manufacturing facilities in 24 countries, and employ approximately 40,000 associates, directly and through joint ventures worldwide. The KPS investment strategy and portfolio companies are described in detail at www.kpsfund.com.