Paul Weiss Assists As KPS Sells Brakes Maker In €690M Deal

Law360 (June 19, 2019, 2:15 PM EDT) -- Private equity firm KPS Capital Partners, working with legal adviser Paul Weiss, has agreed to sell Netherlands-based Chassis Brakes International Group to a unit of Hitachi Ltd. for €690 million ($773 million), the companies said Wednesday.

Financial terms of the transaction were not disclosed, but a person familiar with the matter confirmed to Law360 that the deal is worth €690 million. The deal sees Hitachi Automotive Systems Ltd. picking up Chassis Brakes, which boasts being one of the three largest makers of automotive foundation brakes and related components in the world, according to a statement.

Chassis Brakes, formed in 2012 by...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS