KPS Capital Partners, LP is a private equity firm specializing in investments in special situations which includes turnarounds, financial restructurings, businesses in bankruptcies, follow on acquisitions, employee buyouts, failed acquisitions, corporate divestitures, carve-outs, and spin-offs of middle market companies. In case of turnarounds, the firm seeks to invest in of underperforming or distressed businesses. It targets business facing closure, liquidation, and with a history of operating losses. In case of business in bankruptcies, it seeks to invest in, fund reorganizations of, and create new companies to purchase operating assets of, companies facing bankruptcy or asset sale under Section 363. The firm targets businesses burdened with, insufficient liquidity; excessive debt; operating in default of obligations to creditors; or lacking capital for investment, modernization, or growth, in order to eliminate, reduce or restructure the company's liabilities. The firm also seeks to invest in operating businesses, including divisions, subsidiaries or individual plants of larger companies capable of operating as stand-alone companies. It also provides exit financing to banks and other creditors, secured or unsecured loans in connection with obtaining control pursuant to a purchase transaction, and considers extending Debtor-In-Possession (DIP) financing. The firm does not invest high technology, financial services, telecommunications, broadcast media, real estate, and natural resources (exploration) sectors and start- up ventures or re-starts. It prefers to invest in companies operating in the manufacturing focuses include: metals automotive, paper, packaging, building materials, construction equipment, luxury and consumer products; transportation; industrial companies across a diverse array of industries, including basic materials, branded consumer, healthcare and luxury products, automotive parts, capital equipment and general manufacturing; and service industries and industries that are out of favor, having low-growth, cyclical, contracting, or burdened with over-capacity. The firm primarily invests in companies based in the United States, North America, Canada and Western Europe and Germany. It prefers to invest between $100 million and $500 million per transaction in companies having revenues of at least $250 million. The firm seeks to invest in transaction sizes up to $1 billion. It sponsors larger transactions by co-investing. The firm’s investments are structured in the form of common stock or securities that are convertible into common stock, including preferred stock debentures. The firm prefers to be a control investor or majority investments and takes a board seat in its portfolio companies. KPS Capital Partners, LP was founded in 1991 and is based in New York, New York with an additional office in Frankfurt, Germany.