KPS Capital Partners related stories
All articles and analysis
KPS Capital agrees to sell Waupaca Foundry for $1.3 blnKPS Capital Partners has agreed to sell iron foundry Waupaca Foundry, Inc. to Hitachi Metals for $1.3 billion in cash. The deal is expected to close in the fourth quarter and is subject to regulatory approvals.
- KPS-backed American & Efird Global to buy Gutermann
American & Efird Global, a portfolio company of KPS Capital Partners, said Monday that it will buy "substantially" all of Gutermann's global industrial and consumer thread business. No financial terms were disclosed for the transaction, which is expected to be completed on June 30. Based in Gutach, Germany, Gutermann is a maker of sewing thread products for consumer and industrial applications
- Mac Hofeditz, Shannon Zoller launch fund placement business for i-bank
Long-time fund-raisers Mac Hofeditz and Shannon Zoller have joined the San Francisco office of investment bank GCA Savvian Corp to launch a fund placement business. The firm has won its first two mandates, including one for University Ventures, and appears close to landing a third.
- KPS agrees to buy Anchor Glass
KPS Capital Partners said Monday that it has agreed to acquire Anchor Glass from Ardagh Holdings USA. No financial terms were disclosed for the transaction, which is expected to be completed during the second or third quarter of 2014. UBS Investment Bank and RBC Capital Markets will arrange the financing for the buyout. Headquartered in Tampa, Florida, Anchor Glass is a maker of glass packaging products for the liquor, beverage and food sectors.
- KPS agrees to buy Electrical Components International
KPS Capital Partners has agreed to acquire Electrical Components International. No financial terms were disclosed for the transaction, which is expected to close during the second quarter of 2014. BofA Merrill Lynch, GE Capital Markets and Fifth Third Bank will arrange financing for the deal. Headquartered in St. Louis, Missouri, ECI is a maker of wire harnesses.
So, you want to charge a premium carryKPS Capital Partners, the New York turnaround shop, wrapped up its fourth fund last spring at $3.5 billion in less than three months.
- KPS Capital's Psaros: 'A job saved is a job created.'
The industry has been touting its ability to create jobs for some time. Should it be placing greater emphasis on jobs saved?
- KPS Capital Partners launches Heritage Home Group after completing Furniture Brands buy
KPS Capital Partners said Monday that it has formed a new company Heritage Home Group after acquiring the assets of Furniture Brands International. No financial terms were disclosed for the transaction, which was approved by the U.S. Bankruptcy Court on November 22, 2013. GE Capital, Corporate Finance and PNC Bank provided financing for the deal. Also, Ira Glazer has been named president and CEO of Heritage Home Group. Heritage Home Group is a provider of designing, manufacturing, sourcing and retailing home furnishings.
- Operational Excellence Awards 2013: The Winners
3i, Terra Firma and KPS lead the charge of operators in PEI's 2013 Operational Excellence Awards - along with nine others, including second-time winners Headland Capital and Nordic Capital.
- KPS Capital Partners agrees to buy Furniture Brands
KPS Capital Partners said Thursday that it has agreed to acquire Furniture Brands International for $280 million. KPS has also agreed to provide Furniture Brands, which filed for Chapter 11 on September 9, 2013, $190 million in DIP financing to support its operations.