M&A Deal Summary

KPS Capital Partners Acquires Ineos Composites

On December 3, 2024, private equity firm KPS Capital Partners acquired chemicals company Ineos Composites from INEOS Enterprises for 1.7B EUR

Acquisition Highlights
  • This is KPS Capital Partners’ 2nd transaction in the Chemicals sector.
  • This is KPS Capital Partners’ 4th largest (disclosed) transaction.
  • This is KPS Capital Partners’ 42nd transaction in the United States.
  • This is KPS Capital Partners’ 1st transaction in Ohio.

M&A Deal Summary
Date 2024-12-03
Target Ineos Composites
Sector Chemicals
Buyer(s) KPS Capital Partners
Sellers(s) INEOS Enterprises
Deal Type Divestiture
Deal Value 1.7B EUR

Target

Ineos Composites

Dublin, Ohio, United States
Ineos Composites manufactures and sells a wide range of general-purpose and high-performance grades of unsaturated polyester and vinyl ester resins, gel coats, and low-profile additives for the plastics industry. Ineos Composites is based in Dublin, Ohio.

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Buyer(S) 1

Buyer

KPS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

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 55 of 55
Sector (Chemicals) 2 of 2
Type (Divestiture) 24 of 24
State (Ohio) 1 of 1
Country (United States) 42 of 42
Year (2024) 5 of 5
Size (of disclosed) 4 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-02 Crane - Engineered Materials Business

Stamford, Connecticut, United States

Crane's Engineered Materials Business manufactures materials for aerospace, defense, space and process industry end markets.

Buy $227M

Seller(S) 1

SELLER

INEOS Enterprises

Runcorn, United Kingdom
Category Company
Sector Chemicals
DESCRIPTION

INEOS Enterprises Ltd. is a manufacture of chemical products.

DEAL STATS #
Overall 2 of 2
Sector (Chemicals) 2 of 2
Type (Divestiture) 2 of 2
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-21 Eramet Titanium & Iron

Tyssedal, Norway

Eramet Titanium & Iron is an ilmenite transformation plant in Norway producing titanium slag used in the pigment industry. Eramet Titanium & Iron is based in Tyssedal, Norway.

Buy $245M
Mergr

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