KPS-backed Expera closes $270 mln recap

Expera, a portfolio company of KPS, has completed a $270 million recapitalization.. Proceeds of the recap were used to pay a dividend to stockholders, refinance debt and support company growth. Expera is a maker of specialty paper products in North America.


KPS-backed American & Efird Global to buy Gutermann

American & Efird Global, a portfolio company of KPS Capital Partners, said Monday that it will buy “substantially” all of Gutermann‘s global industrial and consumer thread business. No financial terms were disclosed for the transaction, which is expected to be completed on June 30. Based in Gutach, Germany, Gutermann is a maker of sewing thread products for consumer and industrial applications


KPS agrees to buy Anchor Glass

KPS Capital Partners said Monday that it has agreed to acquire Anchor Glass from Ardagh Holdings USA. No financial terms were disclosed for the transaction, which is expected to be completed during the second or third quarter of 2014. UBS Investment Bank and RBC Capital Markets will arrange the financing for the buyout. Headquartered in Tampa, Florida, Anchor Glass is a maker of glass packaging products for the liquor, beverage and food sectors.


KPS agrees to buy Electrical Components International

KPS Capital Partners has agreed to acquire Electrical Components International. No financial terms were disclosed for the transaction, which is expected to close during the second quarter of 2014. BofA Merrill Lynch, GE Capital Markets and Fifth Third Bank will arrange financing for the deal. Headquartered in St. Louis, Missouri, ECI is a maker of wire harnesses.

Packaging Dynamics to Sell Thilmany Papers

Packaging Dynamics Corp. announced earlier this week that it had agreed to sell its Thilmany Papers business unit to KPS Capital Partners. Financial terms were not announced. Included in the deal are the Thilmany Papers’ Nicolet and Kaukauna mills and Wausau Paper’s Mosinee and Rhinelander mills, all of which are located in Wisconsin, as well as the output of Verso Paper’s number five paper machine in Jay, Maine, a release dated April 22 said.

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.

Daimler Acquires Minority Stake in Motor Coach Industries

Daimler is taking a minority stake in Motor Coach Industries International, which is backed by KPS Capital Partners. Financial terms weren’t announced. As part of the strategic partnership, MCI will become the exclusive distributor of Setra motor coaches and aftermarket parts in the United States and Canada. MCI, of Schaumburg, Ill., makes intercity highway coaches in […]

IES Buys Siac do Brasil

International Equipment Solutions, which is backed by KPS Capital Partners, has acquired Siac do Brasil Ltda. Financial terms weren’t disclosed. Siac do Brasil makes cab enclosures in Brazil. PRESS RELEASE KPS Capital Partners, LP (“KPS”) today announced that its portfolio company International Equipment Solutions, LLC (“IES”) has acquired, through an indirect, wholly owned subsidiary, Siac […]

Turnaround Firm Already Making 6x On Auto Parts Co.

KPS Capital Partners has already generated 6x its invested capital in HHI Group Holdings LLC, an auto parts company that recently completed its seventh recapitalization under the turnaround shop’s ownership, a source close to the deal told Buyouts. The latest recap, announced March 26, was funded by a combination of increasing the company’s term loan […]


Slideshow: Five Powerful Women In Private Equity

Imagine trying to start a meeting with an executive of a company you might invest in. Then you hear the executive say, in effect, not so fast, he’s waiting for your male partner to arrive. That’s exactly what happened to Lauren Leichtman, co-founder and CEO of Levine Leichtman Capital Partners, the Beverly Hills, Calif.-based private […]

KPS Capital Partners Buys American & Efird

KPS Capital Partners is paying $180 million to buy American & Efird Inc. from Ruddick Corp. The firm is acquiring American & Efird. Mt. Holly, North Carolina-based American & Efird is a manufacturer and distributor of industrial sewing thread, embroidery thread and technical textiles.

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