M&A Deal Summary

KPS Capital Partners Acquires Speedline Technologies

On November 5, 2003, private equity firm KPS Capital Partners acquired electronics company Speedline Technologies from Cookson Group for 10M USD

Acquisition Highlights
  • This is KPS Capital Partners’ 1st transaction in the Electronics sector.
  • This is KPS Capital Partners’ 13th largest (disclosed) transaction.
  • This is KPS Capital Partners’ 6th transaction in the United States.
  • This is KPS Capital Partners’ 1st transaction in Massachusetts.
Investment Fate
  • Speedline Technologies was sold to a publicly-traded strategic buyer in 2006.

M&A Deal Summary
Date 2003-11-05
Target Speedline Technologies
Sector Electronics
Buyer(s) KPS Capital Partners
Sellers(s) Cookson Group
Deal Type Divestiture
Deal Value 10M USD

Target

Speedline Technologies

Franklin, Massachusetts, United States
website
Speedline Technologies, Inc., is a producer of manufacturing equipment and services for the printed circuit board and semiconductor packaging industries. Speedline's four core product lines - MPM®, Electrovert®, Accel®, and Camalot® - and its Protect services together provide a comprehensive product and service line for customers’ Surface Mount Technology (SMT) and Semiconductor Packaging requirements. Speedline has the largest installed base in the SMT industry, and its clients include many of the world's blue-chip electronics companies.

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Buyer(S) 1

Buyer

KPS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1991
PE ASSETS 13.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

KPS Capital Partners is a private investment firm that targets special situations including turnarounds, restructurings, bankruptcies, and corporate divestitures. KPS' target investment size is $100 million to $1 billion in businesses with minimum revenues of $250 million. The Firm has specific interest in companies engaged in the manufacturing, transportation, and service industries. KPS will not consider investments in high technology, financial services, telecommunications, broadcast media, real estate and natural resources. The Firm's geographic coverage spans the US, Canada, and Europe. KPS Capital Partners was formed in 1991 and is based in New York City.

DEAL STATS #
Overall 7 of 51
Sector (Electronics) 1 of 1
Type (Divestiture) 2 of 22
State (Massachusetts) 1 of 1
Country (United States) 6 of 39
Year (2003) 2 of 3
Size (of disclosed) 13 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-01 Curtis Papers

Cincinnati, Ohio, United States

The Specialty Papers business of Curtis was a leading manufacturer of premium uncoated and coated papers for a wide range of end use markets including food service, flexible packaging, label and release and custom converting. The Premium Papers business of Curtis was a manufacturer of text, cover and other premium printing grades. The Scottish mills manufactured premium papers under the name of Curtis Classic throughout Europe.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-01 AmeriCast Technologies

Atchison, Kansas, United States

AmeriCast Technologies is a designer, manufacturer and supplier of high-engineered steel and iron castings and machined components for customers such as Caterpillar, General Electric and Electro-Motive.

Buy -

Seller(S) 1

SELLER

Cookson Group

United States
Category Company
Founded 1704
Sector Technology Hardware
DESCRIPTION

Cookson Group plc a materials technology company headquartered in London which provides materials, processes and services to customers worldwide.

DEAL STATS #
Overall 1 of 1
Sector (Electronics) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2003) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

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