KPS Capital Partners related stories
All articles and analysis
peHUB Wire: Thursday, August 12, 2010Are PE Firms Living Up To ILPA Principles?
- peHUB Wire: Thursday, August 12, 2010
Are PE Firms Living Up To ILPA Principles?
- peHUB Wire: Thursday, May 27, 2010
Random Ramblings
- peHUB Wire: Thursday, May 27, 2010
Random Ramblings
- Daniel Gray and Irene Hong Join KPS Capital Partners
Daniel Gray and Irene Hong have joined KPS Capital Partners. Gray will serve as managing director of business development, and previously was with Gores Group. Hong will be VP of investor relations and marketing, and previously was in the fund placement group at Jefferies.
- Dividend Recap for Attends Healthcare
Attends Healthcare Inc., a maker of adult incontinence products, has raised $98 million in new financing for a recapitalization. The deal includes a $20 million asset-based revolving credit facility from Wells Fargo Capital Finance and $78 million in term loans from Regiment Capital. Proceeds will be used to refinance existing debt and to fund a $60 million distribution to shareholders like KPS Capital Partners.
- HHI Group Secures $300 Million Recap, Will Fund $150 Million Dividend
HHI Group Holdings, a maker of forged parts for power train and wheel-end applications, has raised $300 million in new financing for a recapitalization. The deal includes a $100 million revolving credit facility and a $200 million term loan. Proceeds will be used to refinance existing debt and to fund a $150 million distribution to shareholders like KPS Capital Partners and MC Capital.
- peHUB Wire: Thursday, April 1, 2010
Random Ramblings
- peHUB Wire: Thursday, April 1, 2010
Random Ramblings
- The LP Collusion Canard
Back in 2008, Dow Jones reported that a group of large institutional investors had formed a lobbying group to collectively press for more LP-friendly fund terms. The story was later refuted by some of the reported participants (one Canadian pension plan rep called it “poppycock”), but not before I wondered http://em.mansellgroup.net/thomsonnewletter/hostedwires/newsletters/sept9-08.htm if such an effort could be viewed as a form of collusion. Fast forward to last week, when Private Equity International’s David Snow raised the “C” word http://www.privateequityonline.com/article.aspx?aid=0&article=51254 in reference to the ILPA guidelines drafted last fall. This was followed up yesterday by WSJ scribe Peter Lattman, who reported http://online.wsj.com/article/sb10001424052748704841304575138193092258052.html?mod=wsj_hpp_sections_markets that “at least three large private equity firms have retained outside counsel to examine potential antitrust issues.” In other words, some general partners believe in an LP cartel, with the ILPA guidelines being used as the preferred means of intimidation. Let us count the reasons why they’re wrong: