KPS Capital Partners, LP (“KPS”) has announced a definitive agreement to purchase the remaining 49.7% stake in Primary Products Investments LLC (“Primient”) from Tate & Lyle PLC (LSE: TATE.L) for $350 million. The transaction is expected to conclude by the end of July 2024, pending standard closing conditions and approvals. Primient, a leader in the […]
Tate & Lyle PLC has concluded the sale of its remaining 49.7% interest in Primary Products Investments LLC (Primient) to KPS Capital Partners, LP for a total cash consideration of USD 350 million (approximately GBP 279 million). This strategic transaction not only marks the end of Tate & Lyle’s involvement with Primient but also signifies […]
KPS Capital Partners, LP has announced a definitive agreement to acquire Innomotics GmbH from Siemens AG for an enterprise value of €3.5 billion. The transaction is slated for completion between Q4 2024 and Q1 2025, pending customary closing conditions and approvals. Strategic Acquisition to Boost Global Presence Innomotics, a global leader in electric motor and […]
Chart Industries, an American plant engineering company, has agreed to acquire Howden, a UK-based application engineering and manufacturing company, from affiliates of KPS Capital Partners for $4.4 billion. Howden provides products and services pertaining to mission critical air and gas handling. It manufactures highly engineered fans, steam turbines, rotary heat exchangers, compressors, and other air […]
Wipro said that it has been roped in as a technology partner by Speira, a German aluminium rolling and recycling company. Speira was founded last year following Norsk Hydro Group’s sale of its rolling business to KPS Capital Partners. It has seven manufacturing plants and a research and development (R&D) center across Germany and Norway. […]
Private equity firm KPS Capital Partners, through a newly created affiliate, has agreed to acquire AM General, a US-based heavy vehicle and contract automotive manufacturer, from an affiliate of MacAndrews & Forbes for an undisclosed price. AM General is engaged in designs and manufactures specialized vehicles for military and commercial customers across the world. One […]