KPS-backed ECI completes recap
Electrical Components International, a portfolio company of KPS Capital Partners, has closed its latest recapitalization. The proceeds of the transaction, financed by a $60 million loan to ECI, were used to fund a $57 million cash distribution to shareholders. A syndicate of banks and institutional investors led by BofA Merrill Lynch provided the financing while Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to ECI on the recapitalization.
30 March 2017•3 mins read
