KPS invests globally and has maintained a long-standing presence in Europe for over 15 years. KPS has acquired or signed agreements to acquire manufacturing and industrial businesses across Europe, with sellers and/or businesses based in Belgium, Germany, Italy, the Netherlands, Norway, Slovenia, Spain, Switzerland, and the United Kingdom.
In Europe, KPS has primarily invested through complex corporate carve-outs, creating new companies to acquire non-core businesses from large global corporations. KPS has also completed numerous acquisitions of family-owned and entrepreneur-led businesses, building global manufacturing platforms headquartered in Europe.
KPS has developed a strong reputation across Europe, particularly in Germany, where leading European corporate sellers see KPS as a peer manufacturer or a strategic operator, rather than a financial buyer. Corporate sellers have selected KPS in complex transactions based on the Firm’s experience executing large-scale carve-outs, its long-term ownership approach, and its operational focus.
KPS’ long-standing relationships with employee representatives and trade unions across Europe form an important part of its approach. The Firm works constructively with unions and works councils to support continuity, stability, and long-term success at its portfolio companies, a clear competitive advantage.
For example, KPS and the Industrial Union of Metalworkers (“IG Metall”) of Germany, entered into a “Framework Agreement” in 2017, and KPS and the Industrial Union for Mining, Chemical and Energy (“IG BCE”) also entered into a “Framework Agreement” in 2019.