KPS CAPITAL PARTNERS ANNOUNCES PROMOTION

RAHUL SEVANI ELEVATED TO PARTNER

New York, NY (December 12, 2022) -- KPS Capital Partners, LP (“KPS”) announced today that Rahul Sevani has been promoted to Partner.

KPS Co-Founders and Managing Partners Michael Psaros and David Shapiro, together with Managing Partner Raquel Vargas Palmer, said in a joint statement, “We congratulate Rahul on this milestone achievement.  Rahul’s contributions to KPS over the past decade are truly extraordinary.  Rahul is a leader and an exemplar of KPS’ values and culture.  We look forward to working with our new Partner to continue to create value for our investors by seeing value where others do not, buying right and making businesses better.  We are proud of the complete continuity of our partnership and senior leadership team since the creation of our firm over 25 years ago, as well as our remarkable growth globally.”