M&A Deal Summary

KPS Capital Partners Acquires Sportgroup

On April 8, 2024, private equity firm KPS Capital Partners acquired manufacturer Sportgroup from Equistone

Acquisition Highlights
  • This is KPS Capital Partners’ 9th transaction in the Manufacturing sector.
  • This is KPS Capital Partners’ 3rd transaction in Germany.

M&A Deal Summary

Date 2024-04-08
Target Sportgroup
Sector Manufacturing
Buyer(s) KPS Capital Partners
Sellers(s) Equistone
Deal Type Secondary Buyout
Advisor(s) Latham & Watkins (Legal)

Target

Sportgroup

Burgheim, Germany
Sportgroup is a manufacturer of artificial turf systems and synthetic floor coverings in the sport and leisure sector. Its comprehensive product range includes artificial turf, running tracks and polyurethane surfaces as well as components for sporting, industrial and leisure facilities. Sportgroup is based in Burgheim, Germany.

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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 51 of 53
Sector (Manufacturing) 9 of 9
Type (Secondary Buyout) 9 of 10
Country (Germany) 3 of 4
Year (2024) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-14 IKG

Houston, Texas, United States

IKG is a manufacturer of high-quality steel and aluminum bar grating, with manufacturing plants throughout North America. From power plants to petroleum refineries, shipyards to large scale factories, IKG services major businesses throughout the industrial sector.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-16 Innomotics

Nuremberg, Germany

Innomotics is a supplier of electric motors and large-drive systems. The Company unites the power of deep engineering expertise and leading innovation in electrical solutions across industries and regions. Innomotics is headquartered in Nuremberg, Germany.

Buy €3.5B

Seller(S) 1

SELLER

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, England.


DEAL STATS #
Overall 190 of 192
Sector (Manufacturing) 5 of 5
Type (Secondary Buyout) 91 of 91
Country (Germany) 28 of 28
Year (2024) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-22 CH&CO

Reading, United Kingdom

CH&CO provides contract and hospitality catering services to a broad range of sectors including workplaces, venues, tourist destinations, independent and State schools, further education, healthcare, and events. CH&CO was founded in 1991 and is based in Reading, United Kingdom.

Sell £475M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-16 Accès Industrie

Tonneins, France

Acces Industrie is a rental specialist of aerial work platforms and handling equipment. Acces Industrie is based in Tonneins, France.

Sell -