KPS Capital Partners’ creation of Autokiniton Global Group, LP


Paul, Weiss advised KPS Capital Partners in the creation of a new company, Autokiniton Global Group, LP (AGG) to pursue investments in the global automotive supply industry. Paul, Weiss represented AGG in its acquisition of L&W, Inc., a leading “Tier 1” supplier in the automotive industry specializing in hot and cold metal stampings and welded assemblies.

KPS Capital Partners, LP finalized the creation of a new company, Autokiniton Global Group, LP (“AGG”), to pursue investments in the global automotive supply industry. George Thanopoulos, a widely respected industry executive, will serve as AGG’s Chief Executive Officer.

KPS also announced today that AGG has entered into definitive agreements to acquire L&W, Inc. (“L&W” or the “Company”). Following completion of the transaction, Mr. Thanopoulos will become L&W’s Executive Chairman. Scott Jones will continue to serve as President and lead the Company’s world-class management team.

L&W is a leading “Tier 1” supplier in the automotive industry, specializing in hot and cold metal stampings and welded assemblies. The Company is a leader in metal-formed components and complex assemblies, with a product portfolio that is well-positioned for key automotive trends, including electrification, lightweighting and emission reduction regulations. L&W’s unique vertical integration from design through delivery results in best-in-class quality, service and delivery to customers. The Company has received over 100 awards from customers throughout its history. Headquartered in New Boston, Michigan, L&W operates 23 sales, engineering and production facilities located throughout the United States with over 3,200 employees.

KPS and Mr. Thanopoulos have a history of successfully working together to create, operate and grow automotive supply businesses. KPS and Mr. Thanopoulos partnered in 2005 to form HHI Group Holdings, LLC (“HHI”). HHI, through a series of acquisitions and other growth initiatives, became the largest North American manufacturer of highly engineered, safety-critical forged components for automotive customers and a leading manufacturer of complex, highly engineered powdered metal powertrain components and wheel bearings. HHI was sold in 2012.


Completion of the transaction is expected in spring 2018 and is subject to customary closing conditions and approvals. Financial terms of the transaction were not disclosed.

The Paul, Weiss team included corporate partners Angelo Bonvino (Picture), Monica Thurmond and Catherine Goodall and counsel Julie D’Ambruoso Martinelli and Lindsey Wiersma; real estate partner Peter Fisch; tax partners David Mayo and Patrick Karsnitz; intellectual property partner Chuck Googe; employee benefits partner Robert Fleder and counsel Uri Horowitz and Jason Ertel; bankruptcy partner Jacob Adlerstein; litigation partner Aidan Synnott and counsel Peter Jaffe; environmental counsel William O’Brien; and antitrust counsel Marta Kelly.

Involved fees earner: Angelo Bonvino – Paul Weiss Rifkind Wharton & Garrison; Monica Thurmond – Paul Weiss Rifkind Wharton & Garrison; Julie Martinelli – Paul Weiss Rifkind Wharton & Garrison; Catherine Goodall – Paul Weiss Rifkind Wharton & Garrison; Lindsey Wiersma – Paul Weiss Rifkind Wharton & Garrison; Peter Fisch – Paul Weiss Rifkind Wharton & Garrison; David Mayo – Paul Weiss Rifkind Wharton & Garrison; Patrick Karsnitz – Paul Weiss Rifkind Wharton & Garrison; Charles Googe – Paul Weiss Rifkind Wharton & Garrison; Robert Fleder – Paul Weiss Rifkind Wharton & Garrison; Uri Horowitz – Paul Weiss Rifkind Wharton & Garrison; Jason Ertel – Paul Weiss Rifkind Wharton & Garrison; Jacob Adlerstein – Paul Weiss Rifkind Wharton & Garrison; Aidan Synnott – Paul Weiss Rifkind Wharton & Garrison; Peter Jaffe – Paul Weiss Rifkind Wharton & Garrison; William O’Brien – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: KPS Capital Partners, LP;

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Author: Ambrogio Visconti