Talk:KPS Capital Partners

New start

I re-created the page and had tried to contact DGG. It is my understanding that the page had been previously deleted because it may have been written as an advertisement. I believe that the page is needed, KPS controls jobs for 47,000 people. Further, there have been a good number of dead links within WP to KPS. Ekem (talk) 15:22, 13 February 2015 (UTC)

Edit Request

Hi, I'm Morgan and I work for Prosek on behalf of KPS Capital. I would like to request these edits be made to the current article.

1. After the first sentence in the Operations section please add: "The KPS team is led by Managing Partners Michael Psaros, David Shapiro and Raquel Palmer. KPS raised its first institutional fund in 1998."
2. Please change this sentence: "Headquartered in New York City, as of the end of 2014, KPS was managing over $5.7 billion of assets and controlled companies that employ more than 47,000 people in 26 countries." to: "KPS is a global firm headquartered in New York with offices in Frankfurt and Amsterdam that invests in both North American and European-headquartered companies. The KPS Funds' portfolio companies currently have assets under management worth $12 billion, operate 158 manufacturing facilities in 22 countries, and have approximately 32,000 employees."
3. At the end of the Operations section please change this content: "On July 22, 2020, KPS Capital Partners announced an agreement to acquire AM General through a newly formed affiliate. The financial arrangements for this deal were not made known. The purchase of AM General was completed on October 1, 2020." to: "In 2020, KPS completed five platform investments, including IKG (January 2020), Lufkin Industries (June 2020), Briggs & Stratton (September 2020), AM General (October 2020) and Hussey Copper (December 2020). In 2021, KPS announced the acquisition of the aluminum rolling business from Norsk Hydro and the EMEA food and consumer packaging business from Crown Holdings. "

References

I would be interested in seeing the Operations section be split into History and Operations in a way that makes the most sense. It certainly feels cumbersome here with everything in Operations. Pinging CZmarlin who recently made a very helpful edit here, and also Ekem who created the article back in 2015. Thank you for your help! Morganprosek (talk) 17:43, 19 April 2021 (UTC)

@Morganprosek: sorry, I meant to respond to this when I made the edit and must have forgotten! I did not make the third request as I'm unsure whether that fits better in Operations or in Business units or a newish combined section; it doesn't make sense to me to have some investments listed in one place and some in the other. I'm open to restructuring the article as a whole in order to split the Operations section, as you suggest, but I don't have a clear vision of what organization would make more sense. Aerin17 (talk) 00:49, 10 June 2021 (UTC)

Hi Aerin17. Thanks for the assistance you've offered so far with the page. In terms of how to split the Operations section into History and Operations I am proposing the following. I would take the following sentences out of Operations and put them in the newly created History section. Request #3 from my edit request would be part of the new history section. The remaining sentences would be left in Operations. The history section would read:

History: The company was founded in 1991 by Eugene Keilin, Michael Psaros, and David Shapiro, hence the KPS name. KPS raised its first institutional fund in 1998. On May 6, 2019, KPS Capital Partners signed an agreement with Brunswick Corporation to purchase its fitness business valued at $490 million in an all cash transaction. In 2020, KPS completed five platform investments, including IKG (January 2020), Lufkin Industries (June 2020), Briggs & Stratton (September 2020), AM General (October 2020) and Hussey Copper (December 2020). In 2021, KPS announced the acquisition of the aluminum rolling business from Norsk Hydro and the EMEA food and consumer packaging business from Crown Holdings.

References

I'm happy to discuss further. Thanks so much for any assistance you can offer! Morganprosek (talk) 12:42, 29 June 2021 (UTC)

Edit Request 2 for the subject

Hi, Morgan from Prosek again with some further requests on behalf of KPS Capital. I appreciate the assistance Aerin17 has provided so far.  Done With minor tweaks.

1. Lead section: The lead currently says: "KPS Capital Partners is an American investment company that manages KPS Special Situation Funds that in turn controls private equity limited funds" and I'm requesting that it say: "KPS Capital Partners is an American investment company that manages KPS Special Situation Funds, a family of investment funds. KPS invests out of two mid-market funds raised in October 2019: KPS Special Situations Fund V ($6.12 billion) and KPS Mid-Cap Fund ($1.02 billion)."

 Done All three, with tweaks per discussion below.

1. Operations: I have three requests for this section.
   • The first sentence in this section currently says: "The firm is not a hedge fund, instead, it tries to make money by making controlling investments in companies that experience a period of transition or need to make changes. KPS indicates that has been able to acquire non-core or divested assets from large corporations and turn them around into profitable entities that could be sold." I am requesting it say: "The firm is not a hedge fund, but focuses on making controlling equity investments in manufacturing and industrial companies. Over half of the firm’s investments since inception involve creating new companies to purchase non-core businesses from large companies in connection with highly complex corporate carve-outs, often accomplished on a global basis.
   • At the end of the first paragraph in Operations please add: "In 2019, KPS Fund V, the firm’s active flagship fund, had $15 billion of investor demand for a $6 billion fund."
   • At the end of the second paragraph in Operations please add: "KPS has worked constructively with substantially all of the large manufacturing and industrial unions as noted by AFL-CIO. In Europe, KPS has established relationship and Framework Agreements with the German unions IG Metall and IG BCE."

References

Thanks! Morganprosek (talk) 12:43, 10 August 2021 (UTC)

• @Morganprosek: Hi, Morgan. I've taken the liberty to address some of your last requests above. Have the initial ones made last June been looked at? I see there was some discussion and at least some of it might have been approached. If it hasn't then I could have a look at some point perhaps next week, but let me know if required. Now to specifics, the lede changes were minimal and concerned readability: "mid-tier" sounded like jargon so it was removed. Your first Operations request was complex, because despite the source being seemingly of better quality than the firm's own website, the language was still highly unencyclopedic. I have thus tried to edit it accordingly, staying faithful to the source provided (the content did not initially reflect the source). The second request was added verbatim, and the third one suffered a few language changes as well, relating to specificity. Hope this covers most of it, but feel free to get in touch to discuss. PK650 (talk) 01:43, 20 August 2021 (UTC)
  • @PK650: Hi, thanks for dealing with this! I kept meaning to look at the request, as I did the last one on this page, but I hadn't gotten around to looking through it all. Yes, the initial requests from June were implemented- I just forgot to close the edit request. I'll do that now! Aerin17 (talk) 04:01, 20 August 2021 (UTC)
    • PK650 Thank you so much for taking the time to implement these changes. Your suggestions look great and I really appreciate all of the help. Thank you as well, Aerin17 for closing the previous edit request and being involved. Morganprosek (talk) 12:04, 23 August 2021 (UTC)
      • Closing request as answered. Z1720 (talk) 19:17, 24 August 2021 (UTC)