Latham & Watkins and Davis Polk & Wardwell have had the lead roles on a deal that will see Chinese private equity firm FountainVest Partners paying up to $800 million for a controlling stake in U.S. auto supplier Key Safety Systems Inc.

Financial terms were not disclosed, although Bloomberg reported the deal value to be between $700 million and $800 million. FountainVest was joined by Canada Pension Plan Investment Board as co-investor to acquire the stake from Crestview Partners, a New York-based private equity firm.

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