Tuesday , August 3 2021

KKR explores sale of Marelli’s suspension systems business

Bloomberg

KKR & Co is considering a sale of Marelli Corp’s suspension systems business as the private equity firm shifts the focus of the car parts company towards more profitable products, according to people familiar with the matter.
The buyout firm is working with an adviser on the potential disposal, which has drawn preliminary interest from private equity and strategic suitors, the people said. Marelli’s suspension arm generates annual
revenue of about $1.1 billion, the people said, asking not to be identified discussing
confidential information.
Marelli manufactures everything from advanced driver-
assistance systems to cabin temperature components.

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