Hitachi Automotive’s Acquisition Of Chassis Brakes


Paul, Weiss represented Chassis Brakes International Group, a portfolio company of KPS Capital Partners, LP, in its sale to Hitachi Automotive Systems, Ltd., a wholly owned subsidiary of Hitachi, Ltd. Financial terms of the transaction were not disclosed.

Works council consultations will be conducted. Chassis Brakes is a leader in automotive safety solutions and one of the world’s three largest manufacturers of automotive foundation brakes and foundation brake components.

Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel, and Citigroup Global Markets, Inc. served as financial advisor to KPS and Chassis Brakes with respect to the transaction.

The Paul, Weiss team includes corporate partners Angelo Bonvino (Picture), Alvaro Membrillera, Manuel Frey and David Carmona; tax partner David Mayo; litigation partners Aidan Synnott and Allan Arffa; antitrust counsel Marta Kelly and Yuni Sobel; and international trade counsel Richard Elliott.

Involved fees earner: Allan Arffa – Paul Weiss Rifkind Wharton & Garrison; Angelo Bonvino – Paul Weiss Rifkind Wharton & Garrison; David Carmona – Paul Weiss Rifkind Wharton & Garrison; Richard Elliott – Paul Weiss Rifkind Wharton & Garrison; Manuel Frey – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; David Mayo – Paul Weiss Rifkind Wharton & Garrison; Alvaro Membrillera – Paul Weiss Rifkind Wharton & Garrison; Yuni Sobel – Paul Weiss Rifkind Wharton & Garrison; Aidan Synnott – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Chassis Brakes International Group;

Author: Ambrogio Visconti