Change Country

In The News

KPS Capital Partners Announces Strategic Minority Investment by Dyal Capital Partners

NEW YORK, November 18, 2016 — KPS Capital Partners, LP ("KPS" or the "Firm") announced today that Dyal Capital Partners ("Dyal"), a permanent capital fund affiliated with Neuberger Berman Group, has made a minority investment in KPS.

Dyal has acquired a passive, non-voting ownership interest of less than 20% of the Firm. KPS looks forward to continuing to grow and strengthen its global investing franchise in partnership with Dyal.

Michael Psaros and David Shapiro, Co-Founders and Managing Partners of KPS, said, "Dyal recognized the value of and invested in the unique, operations-driven franchise and business we have built over decades. KPS will maintain complete continuity of its partnership, investment team and execution of its investment strategy, which is based on seeing value where others do not, buying right, and making businesses better."

The terms of the transaction are private and will not be publicly disclosed.

About KPS Capital Partners, LP

KPS is the manager of the KPS Special Situations Funds, a family of investment funds with approximately $5.5 billion of assets under management. KPS seeks to realize significant capital appreciation by making controlling equity investments in companies across a diverse range of manufacturing industries experiencing a period of transition or challenged by the need to effect immediate and significant change. KPS creates value for its investors by seeing value where others do not, buying right and making businesses better. The KPS investment strategy is based primarily upon partnering with world-class management teams to effect material and sustainable improvements in the operations of its businesses. Thereafter, KPS focuses on growing its businesses, both organically and through strategic acquisitions. The KPS Funds' portfolio companies have aggregate annual revenues of approximately $4.5 billion, operate 93 manufacturing facilities in 23 countries, and employ approximately 40,000 associates, directly and through joint ventures worldwide.

Top

All information is as of March 31, 2017, unless otherwise indicated.

The information regarding each of our partnerships has been provided and approved by the applicable partner.

This material is provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation or offer to buy, sell or hold a security. Information is obtained from sources deemed reliable, but there is no representation or warranty as to its accuracy, completeness or reliability. All information is current as of the date of this material and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Neuberger Berman products and services may not be available in all jurisdictions or to all client types. Investing entails risks, including possible loss of principal. Investments in hedge funds and private equity are speculative and involve a higher degree of risk than more traditional investments. Investments in hedge funds and private equity are intended for sophisticated investors only. Indexes are unmanaged and are not available for direct investment. Past performance is no guarantee of future results.

Firm data, including employee and assets under management figures, reflect collective data for the various affiliated investment advisers that are subsidiaries of Neuberger Berman Group LLC (the "firm"). Firm history and timelines includes the history and business expansions of all firm subsidiaries, including predecessor entities and acquisition entities. Investment professionals referenced include portfolio managers, research analysts/associates, traders, and product specialists and team dedicated economists/strategists.

This material is being issued on a limited basis through various global subsidiaries and affiliates of Neuberger Berman Group LLC. Please visit www.nb.com/disclosure-global-communications for the specific entities and jurisdictional limitations and restrictions.