Global investment firm KKR has agreed to acquire a 47 percent stake in LS Automotive, the electrical auto parts subsidiary of Korea-based conglomerate LS Group, and a 100 percent stake in LS Group affiliate LS Mtron‘s copper foil and flexible copper-clad laminate business. LS Group will retain a 53 percent stake in LS Automotive under a new joint venture holding arrangement. The transaction implies a combined enterprise value for LS Automotive and the foil and laminate business of KRW1.05 trillion (approximately US$924 million). KKR will invest through KKR Asian Fund III. Financial details of the transaction, which is subject to customary approvals, were not disclosed.