Our Private Equity Group is considered the go-to practice for complex, bespoke and firm-defining transactions. With clients ranging from the world’s leading institutional asset managers to prominent middle-market private equity and growth equity firms, we offer comprehensive advice to general partners, limited partners, co-investors and other equity stakeholders, as well as portfolio companies, lenders and financial sponsor groups. The depth and continuity of our relationships across the industry gives us a nuanced understanding of each client’s objectives and allows us to provide seamless, efficient counsel across the investment lifecycle.
KPS Capital to Sell American & Efird to Platinum Equity Capital
- Client News
- February 26, 2018
Paul, Weiss is representing North Carolina-based thread maker American & Efird (A&E), a portfolio company of KPS Capital Partners, in its sale to Platinum Equity Capital Partners. Financial terms of the transaction were not disclosed. A&E is the world's second-largest manufacturer and distributor of premium quality industrial and consumer sewing thread, embroidery thread and technical textiles. The transaction was expected to close in the second quarter of 2018, pending regulatory approvals.
The Paul, Weiss team included, among others, corporate partner Carl Reisner and counsel Ji Lu, Nathan Sawyer and Lindsey Wiersma; tax partner David Mayo; real estate partner Peter Fisch; intellectual property partner Claudine Meredith-Goujon; employee benefits partner Robert Fleder and counsel Reuven Falik and Jarrett Hoffman; antitrust counsel Marta Kelly; environmental counsel William O’Brien; international trade counsel Richard Elliott; and litigation counsel Peter Jaffe.