KPS Capital Partners related stories
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Rivenrock buys bankrupt toymakerRivenrock Capital has bought Small World Toys out of bankruptcy in yet another distressed play amid tightening credit markets.
- KPS earns over 2x return on packing company exit(3)
KPS Capital Partners has exited its position in Blue Ridge Holding, selling the company to the Rank Group for $338 million and a more than 2x return.
- KPS earns over 2x return on packing company exit(2)
KPS Capital Partners has exited its position in Blue Ridge Holding, selling the company to the Rank Group for $338 million and a more than 2x return.
- KPS earns over 2x return on packing company exit
KPS Capital Partners has exited its position in Blue Ridge Holding, selling the company to the Rank Group for $338 million and a more than 2x return.
- KPS closes $1.2bn fund
Turnaround specialist KPS has closed its third ‘special situations’ fund on $1.2 billion, after receiving commitment requests of more than quadruple its $1 billion target.
- KPS-Backed WWRD Completes Recap
KPS Capital Partners announced Thursday that portfolio company WWRD Holdings Limited completed a two-step recapitalization. WWRD raised $167.5 million, including a $117.5 million asset-based revolving credit facility and a $50 million term loan. The proceeds were used to refinance outstanding debt, to fund a $50 million cash distribution to stockholders and to support continued growth. KPS Capital Partners is a majority shareholder in the company.
- Carlyle Deals Once-Bankrupt Auto Parts Co.
Private equity firm Carlyle Group LP completed on Wednesday the sale of Metaldyne LLC for about $820 million to another buyout firm, its second divestment of a U.S. auto part supplier it picked up from bankruptcy in as many years.
- Chassis Brakes International Acquires Large Australian Cast Iron Foundry
Chassis Brakes International, a brakes and brakes component maker (and portfolio company of the private equity firm KPS Capital Partners), has acquired substantially all of the assets of Autocast and Forge Pty Ltd (ACF), which is among Australia's largest independent cast iron foundries and serves the automotive industry.
- Auto Deal Engines Rev Up
Buyout firms eyeing growth opportunities have delved into the automotive sector in recent months, betting that the industry will continue to rebound from its near-death experience in the financial crisis.American Securities, The Carlyle Group, Madison Dearborn Partners, and TPG Capital are amount those investing in a sector dominated during the downturn by turnaround firms like KPS Capital Partners and Sun Capital Partners.
- Reuters - Cerveceria Costa Rica Buys PE-Backed North American Breweries
Cerveceria Costa Rica struck a deal to buy privately held North American Breweries, which sells Genesee and Labatt beer in the United States, for $388 million in cash. KPS Capital Partners, the private equity firm that owns North American Breweries, said in a statement on Friday that it expected the deal to close in the fourth quarter. KPS earned a return of more than 9 times invested capital on the sale, according to a source familiar with the matter. Cerveceria Costa Rica is a unit of Florida Ice and Farm Co S.A.