KPS Capital Partners Completes Acquisition of ThyssenKrupp Waupaca
Monday, July 02, 2012
KPS Capital Partners, LP (KPS) announced that it has completed the acquisition of ThyssenKrupp Waupaca, Inc. 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, RBC Capital Markets and Wells Fargo Capital Finance acting as lead arrangers.
Waupaca Foundry, Inc., is an iron foundry company that produces gray and ductile iron castings using state-of-the-art technology.
KPS 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.