KPS Capital Partners to Acquire Controlling Stake in Ketjen Refining Catalyst Solutions Business from Albemarle

KPS Capital Partners Acquires Catalyst Acoustics Group

September 30, 2024

Industrial Services

KPS Capital Partners, LP (through a newly formed affiliate) agreed to acquire Catalyst Acoustics Group, Inc., the parent company of multiple acoustic, seismic, vibration and noise control brands, from The Stephens Group’s portfolio. The deal was expected to close in Q4 2024, and subsequent reporting states Catalyst was acquired by KPS.

KPS Capital Partners Acquires INEOS Composites from INEOS Enterprises

December 3, 2024

Manufacturing

KPS Capital Partners, through a newly formed affiliate, signed a definitive agreement to acquire INEOS Composites from INEOS Enterprises Holdings II Ltd for an estimated ~€1.7 billion. The deal was expected to close in the first half of 2025, and later sources confirm the acquisition closed and the company was renamed Alta Performance Materials.

KPS Capital Partners Acquires Majority Stake in Jennmar

March 11, 2026

Industrial Services

KPS Capital Partners signed a definitive agreement to acquire a majority interest in Jennmar and its subsidiaries through a newly formed affiliate. Financial terms were not disclosed, and closing is expected in Q2 2026, subject to customary conditions and approvals. Jennmar’s CEO Tony Calandra and FalconPoint Partners are expected to remain significant minority shareholders.

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.

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.

One Rock Capital Partners Acquires Kankakee Specialty Chemicals Site from BASF (Kensing)

June 1, 2021

Manufacturing

One Rock Capital Partners' affiliate has completed the acquisition of BASF's Kankakee, Illinois manufacturing site and associated specialty-chemicals businesses and established the standalone company Kensing. The newly independent business, led by CEO Serge Rogasik, employs roughly 160–190 people and produces plant-derived specialty ingredients (phytosterols, natural vitamin E, anionic surfactants and esters) serving personal care, food & nutrition, healthcare and agriculture markets.