KPS Capital Partners’ $85 Million Acquisition of IKG

Paul, Weiss, Rifkind, Wharton & Garrison and Galicia Abogados served as legal counsel to KPS. Basham, Ringe y Correa advised Harsco Corporation.

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.

In Mexico, Galicia Abogados advised KPS Capital Partners, LP with Ignacio Pesqueira, Mariana Herrero Saldivia, Mario Valencia, Federico Scheffler K., Nadia González Elizondo,  Fernanda Luna, Héctor Salazar Torres, Verónica Palacios, Sheidel Francioli, María Elena Sotomayor, Sebastián Ayza Concha, Andrea Trejo, Irma Ross and Ana Luisa Ibañez.

Basham, Ringe y Correa advised Harsco Corporation with  Alejandro Barrera Fernández, Luis Luján, Miguel Enrique Sánchez, Ricardo Evangelista, María Fernanda González, Sammy Naí Gamboa Zárate, Naara Elisa Guzmán Mendoza and Edith Regina Mora.

Involved fees earner: Alejandro Barrera Fernández – Basham, Ringe y Correa; Ricardo Eloy Evangelista Garcia – Basham, Ringe y Correa; Sammy Naí Gamboa Zárate – Basham, Ringe y Correa; María Fernanda González – Basham, Ringe y Correa; Naara Elisa Guzmán Mendoza – Basham, Ringe y Correa; Miguel Enrique Sánchez – Basham, Ringe y Correa; Luis Sauri Luján – Basham, Ringe y Correa; Sebastián Ayza Concha – Galicia Abogados, S.C; Sheidel Francioli – Galicia Abogados, S.C; Nadia González Elizondo – Galicia Abogados, S.C; Mariana Herrero S. – Galicia Abogados, S.C; Ana Luisa Ibáñez C. – Galicia Abogados, S.C; Fernanda Luna – Galicia Abogados, S.C; Verónica Palacios – Galicia Abogados, S.C; Ignacio Pesqueira T. – Galicia Abogados, S.C; Irma Ross Navarro – Galicia Abogados, S.C; Héctor Salazar Torres – Galicia Abogados, S.C; Federico Scheffler – Galicia Abogados, S.C; María Sotomayor – Galicia Abogados, S.C; Andrea Trejo – Galicia Abogados, S.C; Mario Valencia – Galicia Abogados, S.C; 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: Basham, Ringe y Correa; Galicia Abogados, S.C; Paul Weiss Rifkind Wharton & Garrison;

Clients: Harsco Corporation; KPS Capital Partners, LP;

Author: Ambrogio Visconti