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citybizlist : New York : KPS Capital Partners Acquires Hussey Copper


12/23/20
acquisition of Libertas Copper, LLC
 from Zohar III, Ltd.
 and Ark II CLO 2001-1, Ltd. KPS acquired Hussey Copper as part of an ongoing monetization process conducted by Zohar III. The United States Bankruptcy Court for the District of Delaware formally approved the transaction on November 30, 2020. Hussey Copper is the third acquisition completed by KPS Special Situations Mid-Cap Fund. Financial terms of the transaction were not disclosed.
Hussey Copper is a leading North American processor and fabricator of copper products and the largest North American manufacturer of copper bus bar. The Company offers a comprehensive portfolio of high-quality copper products used in electrical, industrial and construction applications. Hussey Copper is headquartered in Leetsdale, Pennsylvania, with three manufacturing facilities across the United States. ....

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KPS Capital Partners Completes Acquisition Of Hussey Copper


KPS Capital Partners Completes Acquisition Of Hussey Copper
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NEW YORK, Dec. 23, 2020 /PRNewswire/  KPS Capital Partners, LP ( KPS ) announced that, through a newly formed affiliate, it has completed the acquisition of Libertas Copper, LLC ( Hussey Copper or the Company ) from Zohar III, Ltd. ( Zohar III ) and Ark II CLO 2001-1, Ltd.  KPS acquired Hussey Copper as part of an ongoing monetization process conducted by Zohar III.  The United States Bankruptcy Court for the District of Delaware formally approved the transaction on November 30, 2020.  Hussey Copper is the third acquisition completed by KPS Special Situations Mid-Cap Fund (the Mid-Cap Fund ).  Financial terms of the transaction were not disclosed. ....

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Viasat Acquires RigNet For $222M - socaltech.com


socaltech.com
Carlsbad-based satellite communictions provider
Viasat announced this morning that it is in a definitive agreement to acquired
RigNet, a provider of communications and connectivity services for the oil and gas industry. Accrding to ViaSat, the deal is worth aproximately $222M, and was an all-stock deal. RigNet was based in Houston, Texas. Viasat said the deal will help accelerate its efforts to bring broadband connectivity and communications to hardest-to-reach locations around the globe. RigNet has over 650 employees, with approximately 50% overseas. Viasat was advised by
LionTree Advisors LLC and Latham & Watkins LLP; RigNet was advised by Lazard Middle Market LLC and Baker Botts LLP. ....

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