KPS Capital Partners

KPS Capital Partners is an American investment company that manages KPS Special Situation Funds that in turn controls private equity limited funds. As of the end of 2014 over $5.7 billion of assets were managed.[2] The firm is not a hedge fund, instead it tries to make money by making controlling investments in companies that experience a period of transition or need to make changes. KPS indicates that has been able to acquire non-core or divested assets from large corporations and turn them around into profitable entities that could be sold. KPS controlled companies employ more than 47,000 people in 26 countries.[2]

KPS Capital Partners
Private
IndustryPrivate Equity
Founded1991[1]
HeadquartersNew York, New York
Key people
Michael Psaros, David Shapiro, Raquel Palmer, Jay Bernstein
ProductsLeveraged buyout
Total assets$5.7 billion
Websitewww.kpsfund.com

The company has its headquarter in New York City. It was founded in 1991 by Eugene Keilin, Michael Psaros and David Shapiro, hence the name.[3]

The Financial Times noted that while private equity firms often have a bad reputation for stripping assets and slashing jobs when buying distressed companies, KPS has established a reputation for constructive relationships with the workforce and their unions.[4] In 2009 Psaros estimated that he had saved about 20,000 jobs.[4] Unions also have appreciated that KPS uses little or no debt in its deals and have called in KPS to save companies.[4]

On May 6, 2019, KPS Capital Partners signed a definitive agreement with Brunswick Corporation to purchase its fitness business valued at $490 million in an all cash transaction.[5]

The following (incomplete) list includes major companies that are or had been controlled by KPS:[2]

[7]

References
  1. Bloomberg Business Company Snapshot
  2. "Private Equity Firm, Manufacturing". KPS Capital Partners.
  3. Len Boselovic (February 16, 2014). "Heard Off the Street: Psaros based his career on a bold experiment". Pittsburgh Post-Gazette. Retrieved February 12, 2015.
  4. Martin Arnold (March 26, 2009). "The friendly barbarian". Financial Times. Retrieved February 13, 2015.
  5. "Brunswick Announces Sale of Fitness Business". Brunswick Corporation. Retrieved 2019-05-06.
  6. "TaylorMade Golf sold for $425 million to KPS Capital Partners LP". Golf. May 10, 2017.
  7. "Stanley Paladin Pengo | Stanley Infrastructure". www.stanleyinfrastructure.com.



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