WSJ: KPS Capital Rivals Bid for Furniture Brands Assets
The WSJ reported that Furniture Brands may be in the middle of a “bidding war” due to the emergence of private equity firm KPS Capital Partners as an interested party.
The WSJ reported that Furniture Brands may be in the middle of a “bidding war” due to the emergence of private equity firm KPS Capital Partners as an interested party.
KPS Capital Partners portfolio company Waupaca Foundry completed its second successful recapitalization. Financing was provided by a syndicate of banks and institutional investors with GE Capital Markets acting as lead arranger.
KPS Capital Partners promoted Bruce Curley to partner Operations Group. He has previously served as managing director and head of the KPS Operations Group as well as CEO of a former KPS portfolio company.
GE Capital, Corporate Finance served as administrative agent of a $485 million senior secured credit facility to Waupaca Foundry Holdings. The financing was used to support the acquisition of ThyssenKrupp Waupaca by KPS Capital Partners.