FountainVest and CPPIB Complete Key Safety Transaction
September 03, 2014
FountainVest Partners has completed an investment in Key Safety Systems, making it the largest shareholder in the company, which is also backed by Crestview Partners. CPPIB also participated as a co-investor in the transaction, which was rumored to be between $700 million and $800 million. KSS designs, develops and makes automotive safety-critical components and systems, including inflators, airbags, steering wheels and seat belts. Its products are featured in more than 300 vehicle models produced by over 60 well-diversified customers worldwide. Crestview has backed it since 2007.