KPS-backed Anchor Glass completes recap

Anchor Glass Container Corp. which is backed by KPS Capital Partners, has completed a recapitalization. As a result of the transaction, Anchor Glass secured a $465 million term loan with Credit Suisse Securities (USA) LLC and Barclays Bank PLC serving as lead arrangers and joint bookrunners. The proceeds of the recap were used to pay down debt, support growth and fund a $150 million dividend to stockholders. Anchor Glass is a  a maker of premium glass packaging products.


KPS to sell WWRD to Fiskars for $437 mln

Fiskars Corp. said Monday it agreed to buy the WWRD group of companies and its portfolio of luxury home and lifestyle brands, which include Waterford, Wedgwood, Royal Doulton, Royal Albert and Rogaška. The seller is KPS Capital Partners. The $437 million purchase price is subject to a post completion adjustment based upon the level of net working capital and cash and debt in the acquired business on a closing date.


KPS Capital Partners’ MCI completes recap

KPS Capital Partners‘ portfolio company Motor Coach Industries International has completed a recapitalization. MCI raised a new $130 million term loan in conjunction with the amendment and extension of the company’s existing $115 million asset-based revolving credit facility.


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 […]

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