M/17/31 KKR and JIP/Hitachi Kokusai Electric
The proposed acquisition by KKR & CO. L.P. and Japan Industrial Partners, INC. of joint control of Hitachi Kokusai Electric INC’s Video and Communication Solutions Business has been cleared by the Competition and Consumer Protection Commission.
|Notification date||Decision date|
|Wednesday May 31, 2017||Wednesday, July 5, 2017|
|Parties Involved||Business activities|
|KKR & CO. L.P.||
KKR & CO. L.P. is a global investment firm, which offers a broad range of alternative asset funds and other investment products to investors and provides capital market solutions for the firm, its portfolio companies and other clients.
|Japan Industrial Partners, INC.||
Japan Industrial Partners is a private equity firm specialising in investing in turnaround, buyouts and carve-out investments. Japan Industrial Partners primarily invests in the manufacturing sector, including food, distribution and services.
|Hitachi Kokusai Electric INC's Video and Communication Solutions Business||
Hitachi Kokusai Electric INC's Video and Communication Solutions Business manufactures and sells various systems products and business solutions to address the business and management needs of its customers on a global scale.
|Economic sector||Media merger|
|Video and Communication Solutions||No|
|Submissions from third parties due by:|
|Phase 1||Phase 2|
|Wednesday, June 14, 2017|
|Current status: Completed|
|Cleared (Phase 1)|
|Authorised Officer Assigned||Contact Details|
Media enquiries: MKC Communications: 01 7038600