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KKR Makes $4.5 Billion Offer for Nissan Supplier Calsonic Kansei

Buyout firm KKR (KKR) said it would make a tender offer to wholly acquire Calsonic Kansei, a car components affiliate of Nissan Motor (NSANY) , for ¥498.3 billion ($4.5 billion), in a bid to boost the competitiveness of the supplier participating in a market growing at a pace of 15% a year as automakers rapidly venture into electric vehicles and self-driving cars.

The agreement, announced on Tuesday, includes the New York-based KKR buying 40.68% of Calsonic Kansei's shares from Nissan. KKR will start the tender offer in February 2017, with a plan to pay ¥1,860 per...