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KPS Capital Partners, LP

is pleased to announce the listing of
its portfolio company

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on the New York Stock Exchange under the symbol

BRSS

May 23, 2013

 

 


KPS CAPITAL PARTNERS, LP

A middle market private equity limited partnership focused on constructive investing in restructurings, turnarounds, and
other special situations.

485 LEXINGTON AVENUE, 31ST FLOOR
NEW YORK, NY 10017
TEL: 212.338.5100
FAX: 646.307.7100

WWW.KPSFUND.COM

 

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FOR IMMEDIATE RELEASE

Business Inquiries:
KPS      212.338.5100

Media Relations:
Mark Semer  212.521.4800


KPS CAPITAL PARTNERS PORTFOLIO COMPANY,
GLOBAL BRASS AND COPPER HOLDINGS, INC, COMPLETES SUCCESSFUL IPO

LISTED ON THE NEW YORK STOCK EXCHANGE UNDER THE TICKER SYMBOL “BRSS”

New York, NY (May 30, 2013) -- KPS Capital Partners, LP (“KPS”) announced today that its portfolio company, Global Brass and Copper Holdings, Inc. (“GBC” or the “Company”), completed its initial public offering (the “IPO”), in which 8,050,000 shares of its common stock (including 1,050,000 shares sold pursuant to the exercise of the underwriters’ option to purchase additional shares) were sold by the Company’s sole stockholder at a price of $11.00 per share.  The shares have been approved for listing on the New York Stock Exchange and began trading under the ticker symbol “BRSS” on May 23, 2013.  All of the shares of common stock sold in the IPO were sold by Halkos Holdings, LLC (“Halkos”), an entity owned by affiliates of KPS and certain members of GBC’s senior management.  Following the IPO, Halkos owns 61.9% of GBC’s common stock.

Goldman, Sachs & Co., Morgan Stanley & Co. LLC, William Blair and KeyBanc Capital Markets acted as underwriters for the offering, with Goldman, Sachs & Co. and Morgan Stanley & Co. LLC acting as representatives for the underwriters. 

Paul, Weiss Rifkind, Wharton & Garrison LLP served as legal counsel to GBC with respect to the offering.

A registration statement relating to these securities has been filed and declared effective with the U.S. Securities and Exchange Commission (“SEC”).

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described above, nor shall there be any sale of such shares of common stock in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.  The offering of these securities was made only by means of a prospectus, copies of which may be obtained from the offices of either:  Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, Telephone: 1-866-471-2526, Facsimile: 1-212-902-9316 or by emailing prospectus-ny@ny.email.gs.com; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, Telephone: 1-866-718-1649, or by emailing prospectus@morganstanley.com.

About Global Brass and Copper Holdings, Inc.

Headquartered in Schaumburg, Illinois, Global Brass and Copper Holdings, Inc. (“GBC”) is a leading, value-added converter, fabricator, distributor and processor of specialized copper and brass products in North America.  It engages in metal melting and casting, rolling, drawing, extruding and stamping to fabricate finished and semi-finished alloy products from processed scrap, copper cathode and other refined metals.  GBC’s products include a wide range of sheet, strip, foil, rod, tube and fabricated metal component products that it sells under the Olin Brass, Chase Brass and A.J. Oster brand names.  GBC’s products are used in a variety of applications across diversified end markets, including the building and housing, munitions, automotive, transportation, coinage, electronics/electrical components, industrial machinery and equipment and general consumer end markets.  It accesses these end markets through direct mill sales, its captive distribution network and third-party distributors.  For more information, please visit www.gbcmetals.com.

About KPS Capital Partners, LP

KPS is the manager of the KPS Special Situations Funds, a family of investment funds with over $6.0 billion of assets under management.  KPS seeks to realize significant capital appreciation by making controlling equity investments in companies across a diverse range of manufacturing industries.  The KPS investment strategy is based primarily upon partnering with top management teams and improving the operations of businesses.  Thereafter, upon achieving stability and profitability, KPS focuses on growing its businesses, both organically and through strategic acquisitions.  KPS portfolio companies have aggregate annual revenues of approximately $6.8 billion, operate 85 manufacturing facilities in 25 countries, and employ approximately 29,000 associates, directly and through joint ventures worldwide.  The KPS investment strategy and portfolio companies are described in detail at www.kpsfund.com.

 

© Copyright 2013 KPS Capital Partners, LP