KPS Capital Partners

KPS Capital Partners
Type	Private
Industry	Private Equity
Founded	1991^[1]
Headquarters	New York, New York
Key people	Michael Psaros, David Shapiro
Products	Leveraged buyout
Total assets	$5.7 billion
Website

KPS Capital Partners is an American investment company that manages KPS Special Situation Funds that in turn controls private equity limited funds. As of the end of 2014 over $5.7 billion of assets were managed.^[2] 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. KPS controlled companies employ more than 47,000 people in 26 countries.^[2]

The company has its headquarter in New York City. It was founded in 1991 by Eugene Keilin, Michael Psaros and David Shapiro, hence the name.^[3]

The Financial Times noted that while private equity firms have often a bad reputation for stripping assets and slashing jobs when buying distressed companies, KPS has established a reputation for constructive relationships with the workforce and their unions.^[4] In 2009 Psaros estimated that he had saved about 20,000 jobs.^[4] Unions also have appreciated that KPS uses little or no debt in its deals and have called in KPS to save companies.^[4]

The following (incomplete) list includes major companies that are or had been controlled by KPS:^[2]

References

↑ Bloomberg Business Company Snapshot
1 2 3 KPS official web site
↑ Len Boselovic (February 16, 2014). "Heard Off the Street: Psaros based his career on a bold experiment". Pittsburgh Post-Gazette. Retrieved February 12, 2015.
1 2 3 Martin Arnold (March 26, 2009). "The friendly barbarian". Financial Times. Retrieved February 13, 2015.

External links

List of companies that were sold

Private equity and venture capital investment firms

Investment strategy	Venture Growth Mezzanine Secondaries Leveraged buyout

History	History of private equity and venture capital Early history of private equity Private equity in the 1980s Private equity in the 1990s Private equity in the 2000s

Investors	Angel investor Corporate venture capital Commercial bank Crowdfunding Institutional investor Insurance company Investment bank Endowment Family office Fund of funds High-net-worth individual Merchant bank Pension fund Sovereign wealth fund

Private equity firms Venture capital firms Portfolio companies

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