KPS Capital Partners, LP

Michael Psaros is a Co-Founder and Managing Partner of KPS Capital Partners, LP, and a member of its Investment Committee. KPS Capital Partners, LP is the manager of KPS Special Situations Funds, a family of private equity funds with over $1.8 billion of committed capital focused on constructive investing in restructurings, turnarounds, bankruptcies and other special situations.

Mr. Psaros and the Co-Founders of KPS have successfully developed and executed a proprietary investment strategy that resulted in the creation of vibrant and successful enterprises out of assets or companies that were close to shutdown or liquidation, suffering from a history of operating losses, operating in bankruptcy, or in default of obligations to creditors.

Mr. Psaros currently serves on the Board of Directors of the following KPS portfolio companies:

Hephaestus Holdings, Inc. / Jernberg Industries, Inc., Chairman
Headquartered in Chicago, Illinois, Jernberg Industries, Inc. is one of North America’s leading manufacturers of highly engineered forged parts for various power-train and wheel-end applications in the automotive industry. Jernberg operates four manufacturing facilities located in Chicago, Illinois.
www.jernberg.com

Cloyes Gear and Products, Inc., Director
Headquartered in Ft. Smith, Arkansas, Cloyes Gear and Products, Inc. ("Cloyes") is a leading supplier of timing systems and components for automotive engines and enjoys a dominant market position in the North American automotive aftermarket under the Cloyes® and Dynagear® brand names.
www.cloyes.com

Attends Healthcare Inc., Director
Headquartered in Greenville, North Carolina, Attends Healthcare, Inc. is a leading manufacturer and distributor of a complete line of adult incontinence products for the North American marketplace that are sold primarily under the Attends® brand name. The company operates two manufacturing facilities located in North Carolina and California.
www.attends.com
www.paperpak.com

Bristol Compressors International, Inc., Director
Headquartered in Bristol, Virginia, Bristol Compressors International, Inc. (“Bristol”) is a leading global manufacturer and designer of compression technology used in residential and commercial air conditioning and heat pump applications. Bristol supplies many of the world’s leading HVAC manufacturers, as well as wholesale distributors. Bristol products are marketed and sold on six continents and in more than 50 countries around the world.
www.bristolcompressors.com

Global Brass and Copper, Inc., Chairman
Headquartered in East Alton, Illinois, Global Brass and Copper, Inc. is the leading manufacturer and distributor of copper and copper-alloy sheet, strip, plate, foil, rod and fabricated components in the North America and one of the largest in the world. The company also operates A.J. Oster, the leading service center and distributor of brass and copper products in North America. GBC and its subsidiaries sell products under the Olin Metals, Olin Brass, and Chase Brass brand names.
www.olin.com

Mr. Psaros previously served on the board of directors of the following KPS portfolio companies that were successfully sold to a variety of U.S. and international strategic and financial buyers: Americast Technologies, Inc. (Chairman), Ashcroft Inc. (Chairman), Ebro GmbH (Chairman), Genesis Worldwide II, Inc. (Chairman), Speedline Technologies, Inc., Blue Heron Paper Company, New Flyer Industries, Ltd., Wire Rope Corporation of America, Inc., and Blue Ridge Paper Products Inc.

Previously, Mr. Psaros was an investment banker with Bear, Stearns & Co., Inc.

He received a B.S.B.A. in Finance from Georgetown University and attended Sofia University in Tokyo, Japan.

Mr. Psaros presently serves on the Board of Advisors of the Robert McDonough School of Business at Georgetown University.

Michael Psaros in the News:
» "The Time is Now: Economic Downturn Brings Opportunities"
   The Journal of Corporate Renewal - November 2007

» "The New Private Equity Toolbelt"
   Mergers & Acquisitions - November 2007

» "Why the private equity bubble is bursting"
   FORTUNE - August 20, 2007

» "5 Questions with Mike Psaros"
   Private Equity Week - May 28, 2007

» "How Financiers Pursue Profit At Skidding Auto-Parts Maker"
   Wall Street Journal - December 21, 2006

» "Roundtable: The Bears Speak"
   BUYOUTS - July 24, 2006