Deals
KKR Buckles Up for Wild Ride Chasing Air-Bag Outcast Takata
- Scope of recall creates ‘really high’ hurdle to sale: Aoki
- Private equity bets in auto industry have had mixed success
Takata Surges on Report of KKR Support
This article is for subscribers only.
KKR & Co., the investment firm chronicled in “Barbarians at the Gate,” is buckling in for another wild private-equity ride with the possible takeover of the Japanese air-bag maker behind the biggest safety recall ever.
Takata Corp. is in talks with KKR and other potential saviors, a person familiar with the matter said, even as it negotiates with customers led by Honda Motor Co. over how much of the multibillion-dollar recall bill it will have to foot. Takata jumped by the daily limit on Thursday but its market value of about 35 billion yen ($319 million) is still just a 10th of its 2007 peak.