KPS Special Situations Fund II has announced the acquisition of the stock and related assets of Speedline Technologies Inc. from Cookson Group PLC, for a total consideration of $10 million. Speedline's management will continue to manage the company under the Speedline Technologies name. KPS acquired the stock and related assets of Speedline through a newly formed company. KPS will invest substantial capital in the new company to fund working capital requirements at Speedline. KPS will use its operational expertise to implement a strategy designed to improve the performance of the company, capitalizing on its strong brands and leadership positions in the markets that it serves.
For more information, call 212-338-5100.