DexKo Global plans new financing for buyout by KPS Capital Partners

By Sara Rosenberg

New York, June 7 – DexKo Global Inc. plans on getting new financing led by Credit Suisse Securities (USA) LLC, Goldman Sachs Bank USA, Deutsche Bank Securities Inc. and Barclays to help fund its acquisition by KPS Capital Partners LP, according to a market source.

Upon closing, DexKo’s existing controlling shareholder, the Sterling Group LP, will continue to own a minority stake in the company.

Closing is expected around mid-year, subject to customary conditions and approvals.

DexKo is a Novi, Mich.-based supplier of highly engineered running gear technology, chassis assemblies and related components.

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