KPS Capital Partners to Acquire Tate & Lyle’s Remaining 49.7% Interest in Primient for $350 Million

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.

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 to Acquire The Wells Companies, Inc.

February 10, 2026

Industrial Services

KPS Capital Partners, LP has signed a definitive agreement through a newly formed affiliate to acquire The Wells Companies, Inc. Financial terms were not disclosed. The transaction is expected to close in the first quarter of 2026, subject to customary closing conditions and approvals.

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 to Acquire Full Ownership of Primient Covation, LLC

January 14, 2026

Manufacturing

Primient has agreed to purchase the remaining ownership interest in Primient Covation, LLC, making Primient the sole owner. The deal is expected to close in the first calendar quarter of 2026, subject to customary regulatory approvals.

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.