KPS

Centroid Investment Partners to Acquire TaylorMade Golf Company, Inc.

Retrieved on: 
Tuesday, May 11, 2021
Golf, Professional services, Sports, Finance, Golf in the United States, Adidas, Taylormade, Taylormade, Sports equipment, KPS, Centroid, Fields of mathematics, Geometry

b'Centroid Investment Partners LC (\xe2\x80\x9cCentroid\xe2\x80\x9d), a Seoul-based private equity firm, announced today that it has signed a definitive agreement to acquire the TaylorMade Golf Company, Inc. (\xe2\x80\x9cTaylorMade\xe2\x80\x9d) from KPS Capital Partners, LP.

Key Points: 
  • b'Centroid Investment Partners LC (\xe2\x80\x9cCentroid\xe2\x80\x9d), a Seoul-based private equity firm, announced today that it has signed a definitive agreement to acquire the TaylorMade Golf Company, Inc. (\xe2\x80\x9cTaylorMade\xe2\x80\x9d) from KPS Capital Partners, LP.
  • TaylorMade invested heavily in industry leading technologies, introduced revolutionary performance advances in equipment, achieved significant market share growth in golf balls, built new manufacturing and distribution facilities, and successfully refocused its marketing strategy, including the expansive build-out of one of the most advanced digital platforms in the business.\nJinhyeok Jeong, founder and CEO of Centroid Investment Partners stated:\n\xe2\x80\x9cTaylorMade Golf is a transformational investment for Centroid.
  • We were very excited to have the opportunity to invest in a global leader in golf.
  • Centroid creates value for its investor partners by strategically transforming companies to maximize profitability and competitiveness, while working closely with management and its diverse partners and professionals to advise on strategic growth.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210511006102/en/\n'

DGAP-News: KPS WITH COMPARATIVELY ROBUST RESULTS IN FINANCIAL YEAR 2019/2020

Retrieved on: 
Friday, January 22, 2021
Consultant, KPS

KPS AG's business model and strategy are geared towards increasingly delivering digitalisation solutions "remotely" and significantly reducing the number of consultants on-site.

Key Points: 
  • KPS AG's business model and strategy are geared towards increasingly delivering digitalisation solutions "remotely" and significantly reducing the number of consultants on-site.
  • As a consequence, KPS was able to transfer existing projects seamlessly into a "remote" mode in close cooperation and with the agreement of clients.
  • KPS benefitted from an increase in its international business and as a result continued to improve the quality of the revenue structure.
  • With around 1,000 consultants in 12 countries, KPS continues to expand its market position by delivering successful digital and technological transformation projects.

KPS Life, LLC Announces Investment From LongueVue Capital And Adrian Otte, With Adrian Joining The Company's Board Of Directors

Retrieved on: 
Tuesday, January 12, 2021
KPS

MALVERN, Pa., Jan. 12, 2021 /PRNewswire/ --KPS Life, LLC ("KPS" or the "Company") is pleased to announce the completion of a growth capital raise from LongueVue Capital ("LVC") and Adrian Otte.

Key Points: 
  • MALVERN, Pa., Jan. 12, 2021 /PRNewswire/ --KPS Life, LLC ("KPS" or the "Company") is pleased to announce the completion of a growth capital raise from LongueVue Capital ("LVC") and Adrian Otte.
  • Adrian, LVC's Life Sciences Operating Partner and seasoned pharma executive, invested alongside LVC in the transaction and will serve on the Company's Board of Directors moving forward.
  • "KPS is extremely excited to work with LongueVue Capital and Adrian Otte.
  • To learn more about LongueVue Capital, please visit our website at www.lvcpartners.com or contact Charles Cox, Director, at [email protected] or call 504.293.3600.

Garrett Motion Preserves $2.6 Billion Stalking Horse Bid for Business

Retrieved on: 
Monday, October 26, 2020
Aftermarket, Automotive, General Automotive, Technology, Software, Hardware, Bankruptcy, Stalking horse offer, KPS Capital Partners, Stalking horse, Hydro Extruded Solutions, KPS, Articles

The bidding procedures permit Garrett to explore all options, including sales of Garrett for cash, sales of Garrett with co-investment rights offered to stakeholders, and stand-alone plans of reorganization.

Key Points: 
  • The bidding procedures permit Garrett to explore all options, including sales of Garrett for cash, sales of Garrett with co-investment rights offered to stakeholders, and stand-alone plans of reorganization.
  • Garrett also obtained on Friday approval of stalking horse bidding protections for affiliates of KPS Capital Partners, LP (KPS), including a $63 million dollar termination fee and expense reimbursement (subject to a limit of $21 million).
  • As previously disclosed, on September 20, 2020 Garrett and certain affiliates of KPS entered into a share and asset purchase agreement (SAPA) in connection with the proposed purchase of Garretts business, and, on October 19, 2020, KPS delivered a revised proposal in which KPS agreed to, among other things, increase its stalking horse bid by $500 million to $2.6 billion (the Stalking Horse Bid).
  • These stalking horse bidding protections will be payable by Garrett if the SAPA is terminated because Garrett decides to pursue a higher and better alternative or in certain other circumstances.

Garrett Motion Auction Process Yields Improved Bids

Retrieved on: 
Monday, October 19, 2020
Hardware, Aftermarket, Technology, Automotive, Software, Engines, Bidding, Sales, Garrett Motion, KPS, Stalking horse offer, Garrett, Turbocharger

Garrett Motion Inc. (Garrett) today announced that it has received an improved stalking horse bid from KPS Capital Partners, LP (KPS) with respect to a potential purchase of its business.

Key Points: 
  • Garrett Motion Inc. (Garrett) today announced that it has received an improved stalking horse bid from KPS Capital Partners, LP (KPS) with respect to a potential purchase of its business.
  • The anticipated dates for Garretts competitive process would be extended to provide Garrett with additional time to assess higher or better offers.
  • It followed invitations from Garrett to the members of the Bidding Group to join the competitive process alongside other bidders.
  • Our portfolio of turbocharging, electric boosting and automotive software solutions empowers the transportation industry to redefine and further advance motion.

Briggs & Stratton Announces Completion of Sale to KPS Capital Partners

Retrieved on: 
Tuesday, September 22, 2020
Briggs & Stratton, Wauwatosa, Wisconsin, KPS Capital Partners, Stratton, Briggs, KPS, Companies, Finance

MILWAUKEE, Sept. 22, 2020 /PRNewswire/ --Briggs & Stratton, a recognized global leader in providing power to get work done, announced today that KPS Capital Partners, LP ("KPS"), through a newly formed affiliate, has acquired substantially all of the assets of Briggs & Stratton Corporation and certain of its wholly-owned subsidiaries (collectively, "Briggs & Stratton", the "Company" or the "Acquired Business").

Key Points: 
  • MILWAUKEE, Sept. 22, 2020 /PRNewswire/ --Briggs & Stratton, a recognized global leader in providing power to get work done, announced today that KPS Capital Partners, LP ("KPS"), through a newly formed affiliate, has acquired substantially all of the assets of Briggs & Stratton Corporation and certain of its wholly-owned subsidiaries (collectively, "Briggs & Stratton", the "Company" or the "Acquired Business").
  • With the completion of the sale to KPS, the Acquired Business has successfully exited from its Chapter 11 Bankruptcy proceeding.
  • Briggs & Stratton also announced that Steve Andrews has been named President and Chief Executive Officer of Briggs & Stratton effective immediately.
  • Briggs & Stratton launches with a portfolio of industry-leading products sold under iconic brand names, a rock solid capital structure and access to KPS' financial resources and expertise.

KPS Capital Partners Agrees To Acquire Substantially All Of The Assets Of Garrett Motion Inc.

Retrieved on: 
Monday, September 21, 2020
KPS Capital Partners, KPS

NEW YORK, Sept. 21, 2020 /PRNewswire/ --KPS Capital Partners, LP ("KPS") announced today that, through a newly formed affiliate, it has entered into a stock and asset purchase agreement with Garrett Motion Inc. (NYSE: GTX) ("Garrett" or the "Company"),under which KPS willacquire substantially all of the assets of Garrett for approximately $2.1 billion.

Key Points: 
  • NEW YORK, Sept. 21, 2020 /PRNewswire/ --KPS Capital Partners, LP ("KPS") announced today that, through a newly formed affiliate, it has entered into a stock and asset purchase agreement with Garrett Motion Inc. (NYSE: GTX) ("Garrett" or the "Company"),under which KPS willacquire substantially all of the assets of Garrett for approximately $2.1 billion.
  • KPS was selected by Garrett after a comprehensive review of strategic alternatives by the Company's Board of Directors.
  • To facilitate the sale process, Garrett has begun a process in the United States to financially restructure through a voluntary Chapter 11 proceeding.
  • "KPS has invested an enormous amount of effort, resources and capital to acquire Garrett.

KPS Capital Partners Agrees To Acquire Substantially All Of The Assets Of Garrett Motion Inc.

Retrieved on: 
Monday, September 21, 2020
KPS Capital Partners, KPS

NEW YORK, Sept. 20, 2020 /PRNewswire/ --KPS Capital Partners, LP ("KPS") announced today that, through a newly formed affiliate, it has entered into a stock and asset purchase agreement with Garrett Motion Inc. (NYSE: GTX) ("Garrett" or the "Company"),under which KPS willacquire substantially all of the assets of Garrett for approximately $2.1 billion.

Key Points: 
  • NEW YORK, Sept. 20, 2020 /PRNewswire/ --KPS Capital Partners, LP ("KPS") announced today that, through a newly formed affiliate, it has entered into a stock and asset purchase agreement with Garrett Motion Inc. (NYSE: GTX) ("Garrett" or the "Company"),under which KPS willacquire substantially all of the assets of Garrett for approximately $2.1 billion.
  • KPS was selected by Garrett after a comprehensive review of strategic alternatives by the Company's Board of Directors.
  • To facilitate the sale process, Garrett has begun a process in the United States to financially restructure through a voluntary Chapter 11 proceeding.
  • "KPS has invested an enormous amount of effort, resources and capital to acquire Garrett.

DGAP-News: KPS with comparatively robust EBITDA in the third quarter of 2019/2020

Retrieved on: 
Friday, July 24, 2020
KPS

In this challenging environment, KPS succeeded in performing relatively well and generated robust EBITDA amounting to 4.7 million euros in the past third quarter of 2019/2020 and EBITDA of 17.7 million euros for first nine months of 2019/2020.

Key Points: 
  • In this challenging environment, KPS succeeded in performing relatively well and generated robust EBITDA amounting to 4.7 million euros in the past third quarter of 2019/2020 and EBITDA of 17.7 million euros for first nine months of 2019/2020.
  • The business model of KPS has been directed toward increasing remote delivery of digitalization solutions and significantly reducing the number of consultants operating on site.
  • KPS was therefore in a position to adapt processes very quickly and redeploy the consultancy team to work from their home offices.
  • Once again, KPS earned numerous awards in the third quarter of 2019/2020 and these highlight its power of innovation in digitalization.

USW: KPS Purchase of Briggs & Stratton Will Rescue Hundreds of Jobs

Retrieved on: 
Monday, July 20, 2020
Trade unions, AFL–CIO, Canadian Labour Congress, International Federation of Chemical, Energy, Mine and General Workers' Unions, International Metalworkers' Federation, United Steelworkers, KPS Capital Partners, USW, Briggs & Stratton, KPS, Milwaukee

MILWAUKEE, July 20, 2020 /PRNewswire/ --The United Steelworkers (USW) today said that KPS Capital Partners' (KPS) acquisition of Briggs & Stratton will save hundreds of jobs at the bankrupt engine maker's Milwaukee manufacturing facility.

Key Points: 
  • MILWAUKEE, July 20, 2020 /PRNewswire/ --The United Steelworkers (USW) today said that KPS Capital Partners' (KPS) acquisition of Briggs & Stratton will save hundreds of jobs at the bankrupt engine maker's Milwaukee manufacturing facility.
  • USW International President Tom Conway said that KPS, a private equity firm, has a proven track record of investing in manufacturing facilities and operating them profitably and sustainably.
  • "Steelworkers, our families and communities cannot afford to allow these good, union jobs to continue to disappear," Conway said.
  • "KPS brings experience and a long-term business plan geared toward keeping our plant viable and employment secure."