KPS Capital Completes Recap of Anchor Glass Container
KPS Capital Partners said its portfolio company Anchor Glass Container has completed a successful recapitalization by raising $465 million of financing through a new term loan.
KPS Capital Partners said its portfolio company Anchor Glass Container has completed a successful recapitalization by raising $465 million of financing through a new term loan.
KPS Capital Partners signed a definitive agreement to sell its portfolio company, WWRD Holdings, to Fiskars.
KPS Capital Partners portfolio company American & Efird will acquire the outstanding 50% share ownership of Huamei Thread Company from joint venture partner Ningbo Veken Elite Group.
KPS Capital Partners said its portfolio company Expera Specialty Solutions completed a recapitalization by raising $270 million with a syndicate of banks. BofA Merill Lynch and GE Capital Markets acted as co-lead arrangers.
KPS Capital Partners announced it signed a definitive agreement, through an affiliate, to sell its portfolio company Waupaca Foundry to Hitachi Metals for $1.3 billion in cash.
AccuVal-LiquiTec announced the recipients of its Customer Excellence Award. Insight Equity, KPS Capital Partners, Odyssey Investment Partners and PNC Business Credit were recognized for exceptional achievements.
KPS Capital Partners announced that its portfolio company American & Efird Global will acquire all of Gütermann Holding SE’s global industrial and consumer thread business.
KPS Capital entered into agreements to acquire Electrical Components International and affiliates. Transaction financing will be provided by a bank syndicate, with BofA, GE Capital and Fifth Third acting as lead arrangers.
Furniture Brands announced that a KPS Capital Partners affiliate is the winning bidder in the auction to acquire Furniture Brands’ assets. WTVA reported the $280 million sale was approved November 22, 2013.
The Winston-Salem Journal reported that U.S. Bankruptcy Judge Christopher Sontchi approved Wednesday the latest Furniture Brandsbid by KPS Capital Partners, according to officials from Cohen Tauber Spievack & Wagner P.C.