KPS Capital Partners signed a definitive agreement to acquire the Europe, Middle East and Africa food, aerosol and promotional packaging business of Crown Holdings. Barclays and Deutsche Bank led debt financing to support the transaction.
KPS Capital Partners will acquire substantially all of the assets of Briggs & Stratton, including equity of foreign subsidiaries, for approximately $550 million.
From its strict use of asset-based lending structures to its strong relations with labor unions, very little about KPS Capital Partners resembles a run of the mill private equity fund. In the following profile, Michael Psaros, co-founder and managing partner, explains this team’s approach to investing in turnaround situations … and a lot more.