KPS Capital Partners has entered into an exclusive relationship with Pierre de Villemejane, former CEO of KPS portfolio company Speedline Technologies Inc. He will advise the firm on opportunities in the capital equipment, engineered products, and high value-added assembly industries in North America and
KPS Capital Partners, LP (“KPS”) today announced that it has entered into an exclusive relationship with Pierre de Villemejane. Mr. de Villemejane will advise KPS as it pursues investments in the capital equipment, engineered products, and high value-added assembly industries in North America and
KPS and Mr. de Villemejane have a successful track record working together. Mr. de Villemejane served as Chief Executive Officer of KPS portfolio company Speedline Technologies, Inc. (“Speedline”), a leading global producer of manufacturing equipment and services for the printed circuit board and semiconductor packaging industries. In partnership with KPS, Mr. de Villemejane transformed Speedline from a severely underperforming North American subsidiary of a European company into the leading supplier of capital equipment in its industry worldwide. KPS subsequently sold Speedline to Illinois Tool Works Inc. (“ITW”), resulting in a significant gain for KPS's investors, after which he joined ITW. Mr. de Villemejane has also held senior executive positions at Cookson Group plc, from which KPS acquired Speedline.
In pursing investment opportunities in the capital equipment, engineered products and value-added assembly industries, KPS will consider standalone investments in operating companies, and the acquisition of businesses operating as subsidiaries or divisions of large multinational companies. KPS has the capital, expertise and successful track record to consummate transactions in these industries expeditiously.
Companies in KPS's target industries seeking investment capital or interested in divesting businesses units are encouraged to contact Pierre de Villemejane or Randy Hicks, a KPS Managing Director-Business Development, at 212-338-5100.
About KPS Capital Partners, LP
KPS Capital Partners, LP is the manager of the KPS Special Situations Funds, a family of private equity funds with over $1.8 billion of committed capital focused on constructive investing in restructurings, turnarounds and other special situations. The KPS investment strategy and portfolio companies are described in detail at the firm's website: www.kpsfund.com.