KPS Capital Partners’ $85 Million Acquisition of IKG


Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to KPS.

KPS Capital Partners, LP signed a definitive agreement to purchase the IKG business from Harsco Corporation (NYSE: HSC) for total consideration of $85 million, subject to customary closing adjustments.

Upon completion of the transaction, IKG will become the second portfolio company of KPS Special Situations Mid-Cap Fund.

Headquartered in Houston, Texas, IKG is a leading North American manufacturer of high-quality steel and aluminum bar grating. The Company offers a full range of metal bar grating and fencing products, which are used primarily in industrial flooring, safety and security applications across a wide range of industries.

KPS, through its affiliated management entities, is the manager of the KPS Special Situations Funds, a family of investment funds with over $11.5 billion of assets under management.

The Paul, Weiss team included corporate partners Angelo Bonvino (Picture), Sarah Stasny, Monica Thurmond and Catherine Goodall; employee benefits partner Andrew Gaines and counsel Reuven Falik; tax partner David Mayo; intellectual property partner Chuck Googe; real estate partner Peter Fisch; environmental counsel William O’Brien; antitrust counsel Marta Kelly; and international trade counsel Richard Elliott.

Involved fees earner: Angelo Bonvino – Paul Weiss Rifkind Wharton & Garrison; Richard Elliott – Paul Weiss Rifkind Wharton & Garrison; Reuven Falik – Paul Weiss Rifkind Wharton & Garrison; Peter Fisch – Paul Weiss Rifkind Wharton & Garrison; Andrew Gaines – Paul Weiss Rifkind Wharton & Garrison; Catherine Goodall – Paul Weiss Rifkind Wharton & Garrison; Chuck Googe – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; David Mayo – Paul Weiss Rifkind Wharton & Garrison; William O’Brien – Paul Weiss Rifkind Wharton & Garrison; Sarah Stasny – Paul Weiss Rifkind Wharton & Garrison; Monica Thurmond – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: KPS Capital Partners, LP;