M&A Deal Summary

Paine Schwartz Partners Acquires WireCo WorldGroup

On November 9, 2006, private equity firm Paine Schwartz Partners acquired electrical equipment company WireCo WorldGroup from KPS Capital Partners

Acquisition Highlights
  • This is Paine Schwartz Partners’ 1st transaction in the Electrical Equipment sector.
  • This is Paine Schwartz Partners’ 9th transaction in the United States.
  • This is Paine Schwartz Partners’ 2nd transaction in Missouri.
Investment Fate
  • WireCo WorldGroup was recapitalized in 2016.

M&A Deal Summary

Date 2006-11-09
Target WireCo WorldGroup
Sector Electrical Equipment
Buyer(s) Paine Schwartz Partners
Sellers(s) KPS Capital Partners
Deal Type Secondary Buyout
Advisor(s) Jefferies (Financial)

Target

WireCo WorldGroup

Kansas City, Missouri, United States
WireCo WorldGroup is a global manufacturer of mission-critical steel wire rope, synthetic rope, specialty wire and engineered products. WireCo’s multiple market major premium, global brands are recognized throughout the world for their quality and reliability. Its products are used in a disparate range of applications in the industrial, onshore and offshore oil and gas, mining, fishing and maritime end-markets. Based in Prairie Village, Kansas, the company operates 24 manufacturing facilities in eight countries and employs approximately 4,000 people.

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Buyer(S) 1

Buyer

Paine Schwartz Partners

San Mateo, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 6.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

Paine Schwartz Partners is a private equity firm specializing in sustainable food chain investing. The Firm targets control investments in the food and agriculture sectors and will consider opportunities globally. Paine Schwartz Partners was formerly known as Paine & Partners - and before that was part of Fox Paine & Co. Paine Schwartz Partners has offices in San Mateo, California and New York City.


DEAL STATS #
Overall 14 of 46
Sector (Electrical Equipment) 1 of 1
Type (Secondary Buyout) 1 of 8
State (Missouri) 2 of 3
Country (United States) 9 of 29
Year (2006) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-14 Advanta Netherlands Holdings BV

Rokin 55, Netherlands

Advanta Netherlands Holdings BV is a supplier of seeds and seed technologies to major global and regional markets, providing added value to farmers, downstream industries and consumers by combining superior genetics with essential technologies and techniques.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-05 Icicle Seafoods

Seattle, Washington, United States

Icicle Seafoods, Inc. is a diversified seafood harvesting and processing company. Icicle's core business is the primary processing of seafood including wild salmon, pollock, halibut, cod, sablefish, and herring. Icicle Seafoods was founded in 1965 and is based in Seattle, Washington.

Buy -

Seller(S) 1

SELLER

KPS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 21.8B 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 $200 million to $2 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, New York.


DEAL STATS #
Overall 7 of 35
Sector (Electrical Equipment) 1 of 3
Type (Secondary Buyout) 3 of 11
State (Missouri) 1 of 3
Country (United States) 6 of 28
Year (2006) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-08 Speedline Technologies

Franklin, Massachusetts, United States

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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-13 Ebro Electronic & Co

Ingolstadt, Germany

Headquartered in Ingolstadt, Germany, Ebro Electronic GmbH & Co. (“Ebro”) is one of the producers of instruments that measure temperature, pressure, humidity, and pH.

Sell -