KPS Capital Partners Acquires Innomotics from Siemens AG

Viessmann Generations Group Acquires KPS Global from D Cubed Group

October 3, 2024

Manufacturing

Viessmann Generations Group, the family-owned Viessmann organization, has completed the acquisition of KPS Global, a Fort Worth-based manufacturer of custom insulated panel systems. The purchase from long-duration investor D Cubed Group will expand Viessmann's Clean & Cold platform into the North American market and support KPS Global's continued growth and operations across its five manufacturing facilities.

KPS Capital Partners to Acquire Substantially All Assets of Garrett Motion Inc.

September 20, 2020

Automotive

KPS Capital Partners, through a newly formed affiliate, agreed to acquire substantially all of the assets of Garrett Motion Inc. for approximately $2.1 billion and was designated as the stalking-horse bidder as Garrett filed for Chapter 11. KPS will participate in Garrett's DIP financing to support operations, and a syndicate of banks has committed exit financing; the sale remains subject to court approval and customary closing conditions.

Keensight Capital Acquires Onventis from Main Capital Partners

January 26, 2023

Cloud & SaaS

Keensight Capital has acquired Onventis, a Stuttgart-based provider of cloud Source-to-Pay (S2P) procurement software, from Main Capital Partners. Onventis' management team remains invested and will collaborate with Keensight to accelerate international growth and further develop the company's SaaS offering for mid-market customers across Europe.

Brookfield Business Partners Acquires DexKo Global from KPS Capital Partners

October 4, 2021

Automotive

Brookfield Business Partners L.P., together with its institutional partners, agreed to acquire DexKo Global Inc. from KPS Capital Partners for $3.4 billion. DexKo, a Novi, Michigan–based manufacturer of chassis technology and trailer/RV components employing more than 6,000 people with global production and distribution footprint, was transformed under KPS via 15 acquisitions and operational improvements prior to the sale.

KPS Capital Partners Acquires AM General LLC

July 22, 2020

Aerospace & Defense

KPS Capital Partners, through a newly formed affiliate, signed a definitive agreement to acquire AM General LLC from an affiliate of MacAndrews & Forbes Incorporated. AM General is a leading designer and manufacturer of military and specialty ground vehicles (including the HUMVEE), headquartered in South Bend, Indiana; KPS said it plans to invest in the business and grow the platform organically and via acquisitions.

KPS Capital Partners Acquires Controlling Interest in Princess Yachts

February 13, 2023

Manufacturing

KPS Capital Partners has entered into a definitive agreement to acquire a controlling equity interest in Princess Yachts, the Plymouth, England–based luxury motor yacht manufacturer, while existing stockholders will retain ownership. The transaction, expected to close in Q1 2023, will provide capital to accelerate growth and operational initiatives at Princess, which has an order book near $1 billion and approximately 3,200 employees across five manufacturing facilities.