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Notification of a concentration regarding the acquisition of the share capital of Kito Corporation by KKR & Co. Inc., through The Crosby Group
21/11/2023


The Service of the Commission for the Protection of Competition announces that is has received a notification in relation with the acquisition of the share capital of Kito Corporation by KKR & Co. Inc., through The Crosby Group.

The Crosby Group is a private company duly incorporated under the laws of Oklahoma, United States of America. It is active in the design, manufacture and marketing of solutions and components used in lifting and rigging applications. The acquisition will be made by Lifting Holdings Bidco Inc., a wholly owned subsidiary of The Crosby Group, which is a company duly registered under the laws of Japan and is a special purpose vehicle established solely for the purposes of the transaction. The Crosby Group is controlled by funds, investment vehicles and/or separately managed accounts advised and/or managed by one or more affiliates of KKR & Co. Inc.

KKR & Co. Inc. is listed on the New York Stock Exchange. It is an international investment company, which offers alternative asset management, capital markets and insurance solutions. It finances investment funds that invest in private equity, credits and real estate and has strategic partners that manage hedge funds. KKR & Co. Inc. also provides capital procurement solutions for the company, its affiliated holding companies and other clients.

The target in this merger is Kito Corporation, which is a company duly registered under the laws of Japan and listed on the Tokyo Stock Exchange. Through its subsidiaries, the target is active in the manufacture, sale, repair and maintenance of material handling equipment. It supplies products that enhance customer safety and productivity on a wide range of construction sites where heavy objects are handled.







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