The Service of the Commission for the Protection of Competition has received a notification of a concentration concerning the acquisition of the share capital of CIRCOR International, Inc. by KKR & Co. Inc., via Cube BidCo, Inc..
KKR & Co. Inc. is a global investment company offering alternative asset management as well as capital markets and insurance solutions. In particular, KKR & Co. Inc. finances investment funds that invest in private equity, credit and real estate assets and has strategic partners that manage investment funds.
Cube BidCo, Inc. is a company duly registered under the laws of Delaware, United States of America. Cube BidCo, Inc. is a special purpose vehicle, which has no prior business activities, and which was formed to act as an acquisition vehicle for the purposes of this transaction. It is controlled by investment funds, vehicles and/or accounts advised and managed by various subsidiaries of KKR & Co. Inc..
The Target is a company duly registered under the laws of Delaware, United States of America. It designs, manufactures and markets technology products and subsystems for the industrial, aerospace and defense markets.