KPS Capital Partners related stories
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Villere to leave strong portfolio in TennesseeLamar Villere, head of private equity at Tennessee's state pension, will leave the system in June, having gained unprecedented access to top managers in the downturn.
- WestView Capital preps Fund III
The Boston-based lower mid-market investor has been pre-marketing its third fund and will likely have a ‘one and done’ fundraising as existing LPs leave little room for new capital.
- KPS collects $3.5bn in under three months
The firm hit its self-imposed hard-cap after just 10 weeks in market with Fund IV, which has a seven-year investment period and gives investors two options for management fee and carry terms.
- Graphite nears first and final close
It is understood the UK-headquartered firm will reach its £475m target over the summer, according to a source familiar with the matter.
- Florida SBA commits $350m to private equity
The State Board of Administration committed to two buyout funds and one growth fund during the second quarter of 2013.
Fundraising Market Shows StrengthInstitutional investors in search of public-equity-beating returns continued to shower favored firms with dollars in the second quarter of 2013. But with allocations still tight, and vetting processes extensive, even well-established sponsors are finding it is taking longer and longer to reach a final close.
- Upping Pace, LACERS To Commit Up To $350 Mln in 2013
With the Los Angeles City Employees Retirement System chalking up its largest cash distributions since it started investing in private equity funds in 1995, the pension fund plans to increase its commitment pace to buyout firms in 2013.
- Waupaca Completes Second Recap, to Pay out $125 Mln to Shareholders
KPS Capital Partners, LP said today that its portfolio company, Waupaca Foundry, has completed a second recapitalization. Proceeds of the recap, a $125 million upsizing of the company's term loan, were used to fund a $125 million cash distribution to stockholders. GE Capital Markets acted as lead arranger for the loan. In February, Waupaca completed its first recap and paid out a $200 million cash distribution to shareholders. Waupaca, Wis.-based Waupaca Foundry is a producer of gray and ductile iron castings.
- KPS Capital to Buy Wausau Paper Unit
Wausau Paper said Monday it has agreed to sell its specialty paper business to KPS Capital Partners. KPS previously announced it was buying the specialty paper business of Packaging Dynamics Corp. KPS plans to combine this business with the Wausau unit and create a new company that will be called Expera Specialty Solutions. The sale will result in net cash proceeds to Wausau Paper of approximately $110 million.
- KPS Capital Promotes Curley to Partner
KPS Capital Partners said Monday that it promoted Bruce Curley to Partner – Operations Group. Curley lead the firm's operations group, KPS said.