KPS Capital Partners Acquires Tate & Lyle's Remaining 49.7% Stake in Primient

KPS Forms Primient to Acquire Tate & Lyle's Primary Products Business

July 12, 2021

Food & Beverage

KPS Capital Partners agreed to acquire a controlling stake in Tate & Lyle’s Primary Products business and, together with Tate & Lyle, formed NewCo (Primient) to own the assets for an enterprise value of $1.7 billion. The transaction (a divestiture of Tate & Lyle’s Primary Products unit) creates an independent platform focused on nutritive sweeteners, industrial starches and other corn-derived ingredients, with KPS holding operational control and Tate & Lyle retaining a ~50% ownership stake.

Akoya Capital and Tecum Capital Acquire Primetac Corporation

July 30, 2019

Packaging

Akoya Capital Partners and Tecum Capital Partners acquired Primetac Corporation in partnership with the company's founders and management. The private equity investors plan to grow Primetac — a distributor of industrial packaging materials — by expanding sales coverage, service and product offerings and pursuing add-on acquisitions to build a national platform.

Primient Acquires Primient Covation

January 14, 2026

Manufacturing

Primient has acquired full ownership of Primient Covation, the producer of Susterra® and Zemea® 1,3-propanediols. Terms were not disclosed; the acquisition integrates Primient Covation's plant-based diols into Primient's sustainable ingredients portfolio to expand capability and market offerings. The move is intended to generate operational synergies and accelerate development and scale-up of sustainable bio-based materials.

SK Capital Partners Acquires Controlling Stake in Tilley Chemical Company

January 7, 2021

Industrial Services

Funds advised by SK Capital Partners made a controlling investment in Tilley Chemical Company, a Baltimore-based specialty chemical and lubricant distributor. The Tilley family will retain a significant ownership stake and continue to be involved; committed debt financing was provided by Madison Capital to support SK Capital’s investment and the platform’s planned infrastructure and footprint expansion.

KPS Capital Partners Acquires INEOS Composites (now Alta Performance Materials)

December 3, 2024

Manufacturing

KPS Capital Partners agreed to acquire INEOS Composites from INEOS Enterprises for approximately €1.7 billion and has completed the transaction, creating a standalone company now named Alta Performance Materials. Alta is a global manufacturer of unsaturated polyester resins, vinyl ester resins and gelcoats with ~900 employees and 17 manufacturing facilities; KPS intends to invest in manufacturing excellence, R&D and growth.

KPS Capital Partners Acquires Sport Group

April 8, 2024

Manufacturing

KPS Capital Partners, through a newly formed affiliate, signed a definitive agreement to acquire Sport Group TopCo GmbH (owner of AstroTurf, Polytan, Rekortan, Laykold and other brands) from funds advised by Equistone Partners Europe. Sport Group, headquartered in Burgheim, Germany, is a global designer, manufacturer and installer of artificial turf and polyurethane sports surfaces with more than 1,900 employees and operations across the Americas, EMEA and Asia-Pacific; KPS plans to support growth and operational initiatives and pursue a global acquisition strategy.