KPS Capital Partners related stories
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KPS Capital’s Attends Healthcare RecapsAttends Healthcare Inc., a portfolio company of KPS Capital Partners, has completed its second recap in the past 14 months, the firm announced Friday. The $133 million recap was funded by a combination of upsizing the company’s term loan, cash on hand and asset based revolving credit facility, KPS said in a written statement. The money was used to refinance outstanding debt and fund a $35 million distribution to stockholders.
- KPS’ HHI Forms China JV
KPS Capital Partners’ HHI Group Holdings LLC, maker of forged automotive parts, will enter into a joint venture with Zhejiang 8+1 Precision Machinery Co. and C&U Americas, LLC to form Mapleland Precision Forge Co. Ltd. HHI Group, formerly named Hephaestus Holdings, has completed numerous deals and recaps since KPS’ initial investment.
- HHI Pays Out More Than $300 Mln in Distributions to KPS and other investors
How strong are the leveraged loan markets? In the past year, KPS Capital Partners and other investors has received more than $300 million in cash distributions from portfolio company HHI Group Holdings. The latest payout came today when the PE firm announced HHI had completed a $425 million recap http://www.kpsfund.com/newsandpressreleases/HHI%20Recap%203%20MassBlast.htm The debt package included a $100 million credit facility and $325 million term loan. HHI used the proceeds to fund a $100 million cash payout to stockholders http://www.kpsfund.com/newsandpressreleases/HHI%20Recap%203%20MassBlast.htm to refinance debt and to fund its continued growth.
- Private Equity Index Stood At 104.33 For 3Q 2010
The Private Equity Growth Capital Council’s Private Equity Index indicated levels in the latest third quarter rebounded from the recession of 2008 to 2009. However, global private equity activity gas not returned to pre-recession levels. The Index stood at 104.33 for the latest third quarter, which showed a sequential increase from 100.76 in the second quarter and 86.41 in the first quarter of 2010. The Index is calculated using data provided by Thomson Reuters, Pitchbook, Preqin and the Council. Thomson Reuters is the publisher of PEHub.
- KPS Capital Partners Buys Controlling Stake In Motor Coach Industries
KPS Capital Partners LP acquired a controlling stake in Motor Coach Industries International Inc., which is a Schaumburg, Ill.-based maker of buses. Financial terms were not disclosed.