KPS Capital Partners Completes ThyssenKrupp Waupaca Deal

KPS Capital Partners has completed its acquisition of ThyssenKrupp Waupaca Inc. Terms of the deal were not released. Upon closing, the company was renamed Waupaca Foundry Inc.


KPS Capital Partners, LP (“KPS”) announced today that it has completed the acquisition of ThyssenKrupp Waupaca, Inc. (the “Company”) from ThyssenKrupp Budd Company, through a newly formed, wholly owned affiliate. Upon closing, the Company was renamed Waupaca Foundry, Inc. Financial terms of the transaction were not disclosed.


Perella Weinberg Partners, L.P. acted as financial advisor and Paul, Weiss, Rifkind, Wharton and Garrison LLP served as legal counsel to KPS and its affiliates. Financing for the transaction was provided by a syndicate of banks and institutional investors with GE Capital Markets, Inc., RBC Capital Markets and Wells Fargo Capital Finance acting as Lead Arrangers.


About Waupaca Foundry, Inc. Waupaca Foundry, Inc., the largest iron foundry company in the world, produces gray and ductile iron castings using state-of-the-art technology. Waupaca is North America’s leading supplier of iron castings to the automotive, truck, agriculture, construction, hydraulics and commercial vehicle markets. Headquartered in Waupaca, Wisconsin, the Company operates six manufacturing facilities, located in Waupaca, Wisconsin (3), Marinette, Wisconsin, Tell City, Indiana, and Etowah, Tennessee. Waupaca employs approximately 3,500 people.


About KPS Capital Partners, LPKPS Capital Partners, LP is the manager of the KPS Special Situations Funds, a family of private equity funds with $2.8 billion of assets under management focused on constructive investing in corporate carve-outs, restructurings and other special situations. KPS has executed highly complex corporate carve-out transactions on a global basis, and has acquired businesses from numerous Global Fortune 500 companies. The KPS investment strategy targets manufacturing and industrial companies with strong market positions that are going through a period of transition or experiencing operating or financial difficulties. For over two decades, the partners of KPS have worked with the management teams and associates of its portfolio companies to improve operating and financial performance by focusing on cost reduction, efficiency, operational excellence and strategic growth initiatives. KPS portfolio companies have aggregate annual revenues of $7.8 billion, operate 96 manufacturing plants in 24 countries and employ over 33,000 associates, directly and through joint ventures worldwide. The KPS investment strategy and portfolio companies are described in detail at the firm’s website: