KPS agrees to sell Electrical Components International to Cerberus

KPS Capital Partners agreed to sell Electrical Components International, which makes wire harnesses and provides assembly services for consumer appliances and specialty industrial applications, to Cerberus Capital Management. Terms of the deal were not disclosed. However, a person with knowledge of the situation said KPS will be making a more than 3x return on the sale. KPS invested in Electrical Components International in 2014.

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