KPS Capital Partners launches Heritage Home Group after completing Furniture Brands buy

KPS Capital Partners said Monday that it has formed a new company Heritage Home Group after acquiring the assets of Furniture Brands International. No financial terms were disclosed for the transaction, which was approved by the U.S. Bankruptcy Court on November 22, 2013. GE Capital, Corporate Finance and PNC Bank provided financing for the deal. Also, Ira Glazer has been named president and CEO of Heritage Home Group. Heritage Home Group is a provider of designing, manufacturing, sourcing and retailing home furnishings.

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