Deals Rumor Mill: Key Safety Systems, Deoleo, Baidu

By Chelsea Naso (April 8, 2014, 5:28 PM EDT) -- Detroit-based Key Safety Systems, a maker of safety products for the auto industry, may soon be bought by Chinese private equity company FountainVest Partners for as much as $800 million, Bloomberg reported Tuesday. The company, which is owned by New York buyout firm Crestview Partners LP, hired Goldman Sachs Group Inc. and UBS AG to look for a buyer late last year. UBS is also tasked with raising up to $500 million in debt to help a potential acquirer finance the transaction, the report said....

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