KPS Capital Partners related stories
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KPS Capital exits Anchor GlassKPS Capital Partners has sold its portfolio company Anchor Glass, according to an announcement http://www.kpsfund.com/docs/default-source/newsandpressreleases/anchor-glass-tombstone-for-website.htm?sfvrsn=2 on the private equity firm's site. The buyer is Ocelot Acquisition Inc, newly formed by CVC Capital Partners and BA Glass B.V. Although no financial terms were disclosed, a previous PE HUB report /2016/11/cvc-and-ba-glass-to-buy-anchor-glass-for-over-1-bln/ on the transaction pegged it at over $1 billion. Anchor Glass is a glass packaging provider.
- Dyal’s investment in KPS to fund GP commitments
The transaction, which follows a slew of minority investments made by Dyal in firms including HIG Group, Silver Lake and Vista Equity Partners, is ‘not about succession planning’, source says.
- Dyal invests in KPS
Dyal Capital Partners, a unit of Neuberger Berman Private Equity, has acquired a minority stake in KPS Capital Partners. No financial terms were disclosed.
- KPS nets 5x on Anchor Glass sale to CVC and BA Glass
KPS is selling the North American glass manufacturer for over $1bn after a 2.5-year holding period.
- Sale of Arrium's Moly-Cop unit imminent, says source: Reuters
A deal to sell the Moly-Cop division of troubled Australian steel group Arrium Ltd could be sealed in the next 24 hours, a source told Reuters.
- KPS-backed Expera closes recap
Expera, a portfolio company of KPS Capital Partners LP, has completed a $335 million recapitalization. Proceeds of the recap were used to pay a dividend to stockholders, refinance debt and support company growth. Deutsche Bank Securities Inc and Barclays led the funding for the transaction. Wisconsin-based Expera is a maker of specialty paper products in North America.
- CVC and BA Glass to buy Anchor Glass for over $1 bln
CVC Capital Partners and BA Glass have agreed to acquire Anchor Glass, a glass packaging provider, for over $1 billion. The seller is KPS Capital Partners. Morgan Stanley and Citigroup served as lead financial advisers to CVC and BA Glass while Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC advised KPS.
Catalyst's Spencer Ross joins Northleaf's private credit teamCanadian private markets investor Northleaf Capital Partners has hired Spencer Ross as a senior associate on its private credit team. Ross, who will focus on the origination, evaluation and monitoring of Northleaf's private credit investments in North America, joined from Catalyst Capital Group, a Canadian private equity firm. Before then, he served with U.S. private equity firm KPS Capital Partners. Toronto-based Northleaf has recently announced several appointments /canada/2016/9/3361030?preview=true to its private credit team, including Managing Director David Ross, who heads the operation.
- Operational Excellence Award winners 2016: Americas
The Riverside Company and KPS Capital Partners are among those picking up awards in this year’s list of the private equity companies doing the most to build better companies.
- Operational Excellence Award winners 2016
KKR and Permira among those named in Private Equity International’s annual celebration of the industry’s best value creation stories.