FountainVest agrees $920m sale of KSS to Chinese strategic
FountainVest Partners has agreed to sell Key Safety Systems (KSS), a US-based auto components manufacturer that it acquired in 2014, to Shanghai-listed Ningbo Joyson Electronic Corporation for $920 million.
The cash transaction should also facilitate an exit for Canada Pension Plan Investment Board (CPPIB), which co-invested in the deal alongside FountainVest, and Crestview Partners. US-based Crestview bought...
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