Industry Focus   KPS targets manufacturing businesses. We will consider all industries except for high technology, financial services, telecommunications, broadcast media, real estate and natural resources (exploration).
     
Investments in
Going-Concerns		   KPS targets operating businesses, including divisions, subsidiaries or individual plants of larger companies capable of operating as stand-alone companies. We do not invest in start-ups.
     
Transaction Size   KPS targets opportunities with total transaction sizes up to $1 billion. We may sponsor larger transactions by co-investing with our limited partners, other investors. KPS has successfully completed many investment transactions with co-investors.
     
Range of KPS Investment   KPS seeks to invest on average $200 to $250 million and up to $450 million of capital in each transaction. Through its limited partners, KPS has access to additional capital to fund larger transactions.
     
Equity Capital   KPS generally invests in common stock or in securities that are convertible into common stock, including preferred stock securities. We will make extend secured or unsecured loans in connection with obtaining control pursuant to a purchase transaction. KPS has and will extend Debtor-In-Possession (DIP) financing.
     
Target Company Revenues   KPS targets businesses that have revenues of at least $400 million.
     
Target Company Profitability   A history of profitability is not necessary to be considered as a KPS investment. We will consider businesses with a history of operating losses. Almost all of our portfolio companies were not profitable prior to their creation or acquisition.
     
Control   KPS is a control investor. While we generally own a majority of a company's common stock, we exercise control by nominating a majority of a company's board of directors. As long as we maintain control, we are flexible regarding the size of our economic ownership of a company.
     
Bankruptcy/Default   KPS will consider purchasing businesses operating in bankruptcy or operating in default of obligations to creditors. We will consider sponsoring a plan of reorganization for a debtor-in-possession pursuant to a plan of reorganization in Chapter 11 bankruptcy or through a Section 363 asset sale.
     
Geography   KPS targets companies headquartered and with a majority of operations located in North America or Europe; However KPS portfolio companies operate businesses, manufacturing facilities and joint-ventures around the world.
     
Intermediaries   KPS will pay intermediary and finder fees.


© Copyright 2013, KPS Capital Partners, LP.  485 Lexington Avenue, 31st Floor, New York, NY 10017  |  www.kpsfund.com  |  Contact Us

The information set forth in the materials on this page does not purport to be a complete summary of KPS or its investments. No representation, warranty or undertaking, express or implied, is given as to the accuracy or completeness of the information or opinions of such materials. No reliance may be placed for any purpose on the information and opinions contained in such materials or their accuracy or completeness and nothing in such materials may be relied upon in making any investment decision. Certain information on or linked to by this page is furnished by or is derived from materials furnished by outside sources. KPS does not assume responsibility for independent verification of such information and has relied on such information being complete and accurate in all material respects. Any information resented by outside sources represents the understandings and opinions of such outside sources, which may differ from those of KPS.