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 Industrial Physics Global Holdings, Inc. by KKR & Co. Inc., via Insight Buyer Corporation.
Insight Buyer Corporation is a company, duly incorporated under the laws of Delaware, United States of America. Insight Buyer Corporation is a special purpose vehicle, with no prior business operations, that was formed to act as an acquisition vehicle for purposes of this transaction. It is controlled solely by investment funds, vehicles and/or accounts advised and managed by various affiliates of KKR & Co. Inc..
KKR & Co. Inc is a global investment firm 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, credits and real estate and has strategic partners that manage hedge funds.
Industrial Physics Global Holdings, Inc. is a company, duly incorporated under the laws of Delaware, United States of America. The Target is a testing and inspection solutions provider that operates with a number of brands and supports manufacturers, labs and production lines across multiple industries. The Target’s solutions cover material/specimen testing, hardness/strength testing, surface testing, air properties testing, and enclosure and barrier testing.