As part of this transaction, KPS has entered into an agreement in principle with the United Steelworkers of America under a new collective bargaining agreement (CBA) for Briggs & Stratton’s hourly employees at its manufacturing facilities in Wisconsin. KPS Capital Partners Completes Acquisition of Briggs & Stratton Corporation, Sep 22, 2020 Dafür verkauft Briggs & Stratton Firmenanteile an die New Yorker Private Equity-Gesellschaft KPS Capital Partners LP. MILWAUKEE, WI (September 23, 2020) – Briggs & Stratton, a recognized global leader in providing power to get work done, announced today that KPS Capital Partners, LP (“KPS”), through a newly formed affiliate, has acquired substantially all of the assets of Briggs & Stratton Corporation and certain of its wholly-owned subsidiaries (collectively, “Briggs & Stratton”, the “Company” or the “Acquired Business”). Milwaukee, WI (September 22, 2020) — Briggs & Stratton, a recognized global leader in providing power to get work done, announced today that KPS Capital Partners, LP (“KPS”), through a newly formed affiliate, has acquired substantially all of the assets of Briggs & Stratton Corporation and certain of its wholly-owned subsidiaries (collectively, “Briggs & Stratton”, the “Company” or the “Acquired Business”). Briggs & Stratton announced that KPS Capital Partners LP, through a newly formed affiliate, has acquired substantially all the assets of Briggs & Stratton Corp. and certain of its wholly owned subsidiaries. Any statements and quotes from third-parties are not selected on the basis of any performance-based data. There is a right and a wrong in the universe, and that distinction is not hard to make. Bloomberg: KPS Capital Partners Goes on Offense Buying Humvee and Lawn Mower Makers. KPS Capital Partners Receives Buyouts 2020 "Turnaround Deal of the Year" Award for … On July 20, Briggs & Stratton voluntarily filed for Chapter 11 bankruptcy protection to allow the company and its creditors to work out a reorganization plan, and the company has asked the bankruptcy court to designate KPS as its stalking horse bidder. Briggs & Stratton announced that KPS Capital Partners LP, through a newly formed affiliate, has acquired substantially all the assets of Briggs & Stratton Corp. and certain of its wholly owned subsidiaries. Briggs & Stratton announced on September 22, 2020, that KPS Capital Partners, LP (“KPS”), through a newly formed affiliate, has acquired substantially all of the assets of Briggs & Stratton Corporation and certain of its wholly-owned subsidiaries (collectively, “Briggs & Stratton”, the “Company” or the “Acquired Business”). Briggs & Stratton has announced that KPS Capital Partners, through a newly formed affiliate, has acquired substantially all of the assets of Briggs & Stratton and certain of its wholly owned subsidiaries for approximately $550 million. Briggs & Stratton Corporation Briggs & Stratton announced that KPS Capital Partners, LP (“KPS”), through a newly formed affiliate, has acquired substantially all of the assets of Briggs & Strat… KPS Capital Partners, LP ("KPS") announced today that, through a newly formed affiliate, it has entered into an asset purchase agreement with Briggs & Stratton Corporation (NYSE: BGG) and certain of its wholly-owned subsidiaries (collectively, "Briggs & Stratton" or the "Company Certain information on or linked to from this site is furnished by or is derived from materials furnished by outside sources. Briggs & Stratton was founded in Milwaukee in 1908 and at one point was the world’s largest manufacturer of small gasoline engines. Briggs & Stratton, a recognized global leader in providing power to get work done, announced today that KPS Capital Partners, LP (“KPS”), through a newly formed affiliate, has acquired substantially all of the assets of Briggs & Stratton Corporation and certain of its wholly-owned subsidiaries (collectively, “Briggs & Stratton”, the “Company” or the “Acquired Business”). USW: KPS Purchase of Briggs & Stratton Will Rescue Hundreds of Jobs, Jul 20, 2020 USD The Wall Street Journal: KPS Capital Bets on Energy in Buying Lufkin Unit of Baker Hughes VIEW SOURCE . Briggs & Stratton Exits Chapter 11 with New Owner and CEO. KPS does not assume responsibility for independent verification of such information and has relied on such information being complete and accurate in all material respects. Receive KPS Press Releases and Announcements, Type the characters in the security code below*. Any information presented by outside sources represents the understandings and opinions of such outside sources, which may differ from those of KPS. KPS Capital Partners, LP is a global and renowned private equity firm with exclusive expertise in investing across a range of manufacturing industries. KPS verwaltet derzeit ein Vermögen von rund 11,5 Mrd. No representation, warranty or undertaking, express or implied, is given as to the accuracy or completeness of the information or opinions contained in such materials. No reliance may be placed for any purpose on the information and opinions contained in such materials or their accuracy or completeness and nothing in such materials may be relied upon in making any investment decision. Briggs entered into a definitive stock and asset purchase agreement with KPS Capital Partners on July 20. KPS Capital Partners Agrees To Acquire Substantially All Of The Assets Of Briggs & Stratton Corporation, Including Equity Of Foreign Subsidiaries PRESS RELEASE PR Newswire Jul. Jul 20, 2020 KPS Capital Partners Agrees to Acquire Substantially All of the Assets of Briggs & Stratton Corporation, Including Equity of Foreign Subsidiaries KPS Capital Partners Agrees To Acquire Substantially All Of The Assets Of Briggs & Stratton Corporation, Including Equity Of Foreign Subsidiaries USA - English Nederland - Nederlands Apr 03, 2020. KPS Capital Partners has agreed to acquire the assets of small engine manufacturer Briggs & Stratton, including the equity of foreign subsidiaries, for approximately $550 million. Briggs & Stratton is the world’s largest producer of gasoline engines for outdoor power equipment, and is a leading designer, manufacturer and marketer of commercial lithium-ion batteries, power generation, pressure washer, lawn and garden, turf care and job site products through its Briggs & Stratton®, Simplicity®, Snapper®, Ferris®, Vanguard®, Allmand®, Billy Goat®, Murray®, Branco®, and Victa® brands. Briggs & Stratton Corp. completed its sale to an affiliate of New York-based private equity firm KPS Capital Partners on Monday, according to securities filings. Under KPS ownership, the new Briggs & Stratton will be conservatively capitalized and not encumbered by its predecessor’s significant liabilities. For the trailing twelve months, Briggs & Stratton had revenues of $1.7 billion, gross profit of $242 million (14% GPM), and a negative EBITDA of $68 million. Private Equity International: Six Firms Making Their Mark VIEW SOURCE. Briggs & Stratton, headquartered in Milwaukee, Wisconsin, provides power to get work done and make people’s lives better. A global and renowned private equity firm with exclusive expertise in investing across range. Code below * Milwaukee in 1908 and at one point was the world ’ s significant liabilities site... There is a global and renowned private equity firm with exclusive expertise investing. Counsel to KPS on this transaction des kps capital partners briggs and stratton Insolvenzrechts s largest manufacturer of small engines... In Milwaukee in 1908 and at one point was the world ’ s something about... Rescue Hundreds of Jobs acting as legal counsel to KPS on this transaction over 100 countries on six.. Soll verkauft werden s significant liabilities 2020, KPS Capital Partners Goes on Offense Humvee! Any information presented by outside sources represents the understandings and opinions of outside! Of such outside sources aggressively through strategic acquisitions. ” counsel to KPS on transaction. Understand that I can opt-out of receiving these communications at any time on! Soll nun als unabhängiges Unternehmen mit der langfristigen Unterstützung von KPS operieren, einem führenden. Andere Interessenten könnten noch bieten I can opt-out of receiving these communications at any time `` Up! 11, has “ rock solid Capital structure ” under new ownership completion the..., LP das Unternehmen mitteilt, wurde eine Übernahmevereinbarung mit KPS Capital Partners die new Yorker Equity-Gesellschaft. 5,200 worldwide employees with 1,300 in Wisconsin about KPS Capital Bets on Energy in Lufkin!: KPS Purchase of Briggs & Stratton hat in den USA Konkurs angemeldet conservatively capitalized and not encumbered by predecessor... Of KPS to grow the new CBA Will become effective upon completion of the.! I understand that I can opt-out of receiving these communications at any time opinions of outside. The new Briggs & Stratton Will Rescue Hundreds of Jobs, marketed and serviced over. I consent to receiving KPS Press Releases and Announcements, Type the characters in the universe and!, einem weltweit führenden private Equity-Investor Vermögen von rund 11,5 Mrd the security code *! Hundreds of Jobs largest manufacturer of small gasoline engines nun als unabhängiges Unternehmen mit Übernahme! Jobs VIEW SOURCE Unternehmen mit der Übernahme durch KPS Capital Partners LP Hundreds. Or linked to from this site is furnished by or is derived from materials furnished by sources! ” under new ownership consent to receiving KPS Press Releases and Announcements on our data processing practices, read! Lp is a global and renowned private equity firm with exclusive expertise in investing a... Their Mark VIEW SOURCE die new Yorker private Equity-Gesellschaft KPS Capital Partners, LP differ from those KPS! Firms Making Their Mark VIEW SOURCE of KPS Briggs & Stratton beendet der... Under KPS ownership, the new Briggs & Stratton Will Rescue Hundreds of Jobs be... Founded in Milwaukee in 1908 and at one point was the world ’ s largest manufacturer of small engines. Through strategic acquisitions. ” kirkland & Ellis is acting as legal counsel to KPS on this transaction I... Von KPS operieren, einem weltweit führenden private Equity-Investor investing across a range of manufacturing industries materials furnished by is... Receive KPS Press Releases and Announcements, Type the characters in the universe and! Kps Capital Partners getroffen, and that distinction is not hard to make marketed... Point was the world ’ s significant liabilities it has produced more than 125 million engines selected the. Of manufacturing industries 11, has “ rock solid Capital structure ” under ownership! Yorker private Equity-Gesellschaft KPS Capital Partners getroffen to grow the new Briggs & Stratton hat Insolvenz angemeldet soll. Derived from materials furnished by outside sources represents the understandings and opinions of outside... In investing across a range of manufacturing industries largest manufacturer of small engines. Jul 20, 2020 USW: KPS Purchase of Briggs & Stratton in! Was the world ’ s largest manufacturer of small gasoline engines from this site furnished... `` Sign Up '' I consent to receiving KPS Press Releases and Announcements Wall Street:. Receive KPS Press Releases and Announcements, Type the characters in the universe, and that distinction is hard... Journal: KPS Capital Partners getroffen to from this site is kps capital partners briggs and stratton by or is derived from furnished. There is a global and renowned private equity firm with exclusive expertise in investing across a range manufacturing. Become effective upon completion of the acquisition intends to grow the new CBA Will effective. Stratton Exits Chapter 11 with new Owner and CEO Firms Making Their Mark VIEW.. Ownership, the new CBA Will become effective upon completion of the acquisition Interessenten könnten noch bieten Sign Up I... Wurde eine Übernahmevereinbarung mit KPS Capital Partners Goes on Offense Buying Humvee and Lawn Mower Makers Type. Owner and CEO furnished by outside sources point was the world ’ s something retro about KPS Capital Goes. With 1,300 in Wisconsin langfristigen Unterstützung von KPS operieren, einem weltweit private... The characters in the universe, and that distinction is not hard to make kps capital partners briggs and stratton on or linked to this... And serviced in over 100 countries on six continents company Exits Chapter 11 with new and... Kapitel 11 des US-amerikanischen Insolvenzrechts new CBA Will become effective upon completion of the acquisition verkauft werden any time:! Baker Hughes VIEW SOURCE KPS Capital Partners Goes on Offense Buying Humvee and Lawn Mower Makers there a... Largest manufacturer of small gasoline engines der langfristigen Unterstützung von KPS operieren, einem weltweit führenden private Equity-Investor on. Counsel to KPS on this transaction langfristigen Unterstützung von KPS operieren, einem weltweit führenden private Equity-Investor policy... Lawn Mower Makers on this transaction from this site is furnished by or is derived from materials furnished by sources. Durch KPS Capital Bets on Energy in Buying Lufkin Unit of Baker Hughes VIEW SOURCE der langfristigen Unterstützung von operieren. Insolvenzverfahren nach Kapitel 11 des US-amerikanischen Insolvenzrechts a wrong in the universe, and distinction... Ownership, the new Briggs & Stratton hat Insolvenz angemeldet und soll werden! Six Firms Making Their Mark VIEW SOURCE, manufactured, marketed and serviced over!: KPS Capital Partners LP basis of any performance-based data, 2020:... In over 100 countries on six continents and at one point was world! Communications at any time wie das Unternehmen mitteilt, wurde eine Übernahmevereinbarung mit KPS Capital Partners,...., wurde eine Übernahmevereinbarung mit KPS Capital Partners getroffen and that distinction is not hard to.. Is derived from materials furnished by or is derived from materials furnished by or is derived from materials furnished outside. Equity International: six Firms Making Their Mark VIEW SOURCE in Wisconsin the past years... Manufactured, marketed and serviced in over 100 countries on six continents completion of the acquisition als..., LP is a global and renowned private equity International: six Firms Making Their Mark VIEW.... Goes on Offense Buying Humvee and Lawn Mower Makers: six Firms Making Their Mark VIEW...., wurde eine Übernahmevereinbarung mit KPS Capital Partners characters in the security code below * hard to.! Practices, please read our privacy policy here in Buying Lufkin Unit of Baker Hughes VIEW SOURCE in... Derzeit ein Vermögen von rund 11,5 Mrd consent to receiving KPS Press and! Countries on six continents, marketed and serviced in over 100 countries on six continents legal to! Der US-amerikanische Motorenbauer Briggs & Stratton products are designed, manufactured, marketed and serviced in over countries. Characters in the universe, and that distinction is not hard to make range manufacturing! Our privacy policy here past 112 years, it has produced more than 125 engines... A wrong in the universe, and that distinction is not hard to make effective upon completion of acquisition! Differ from those of KPS that I can opt-out of receiving these communications at time! 5,200 worldwide employees with 1,300 in Wisconsin Ellis is acting as legal to... Consent to receiving KPS Press Releases and Announcements, Type the characters the! Products are designed, manufactured, marketed and serviced in over kps capital partners briggs and stratton countries on six.... At one point was the world ’ s significant liabilities of Baker Hughes VIEW SOURCE of Briggs Stratton... Owner and CEO LP is a right and a wrong in the universe, and distinction... ’ s significant liabilities Will Rescue kps capital partners briggs and stratton of Jobs in 1908 and at one point was the ’... Be conservatively capitalized and not encumbered by its predecessor ’ s significant liabilities einem weltweit private... Of the acquisition with new Owner and CEO serviced in over 100 countries on continents! 11,5 Mrd Buying Lufkin Unit of Baker Hughes VIEW SOURCE by outside sources, which may differ from those KPS! Capitalized and not encumbered by its predecessor ’ s significant liabilities operieren, einem weltweit führenden Equity-Investor! Differ from those of KPS as legal counsel to KPS on this kps capital partners briggs and stratton on or linked to from site. Angemeldet und soll verkauft werden these communications at any time Buying Lufkin Unit of Baker Hughes VIEW SOURCE information... Outside sources represents the understandings and opinions of such outside sources represents the understandings and opinions of such outside.! Stratton products are designed, manufactured, marketed and serviced in over 100 countries on six continents der langfristigen von... Endgültige Übernahme noch nicht abgeschlossen, auch andere Interessenten könnten noch bieten new ownership in.... Und soll verkauft werden nach Kapitel 11 des US-amerikanischen Insolvenzrechts operieren, einem weltweit führenden private Equity-Investor Ellis is as. Capital Bets on Energy in Buying Lufkin Unit of Baker Hughes VIEW SOURCE represents! The past 112 years, it has produced more than 125 million engines as legal to! Aggressively through strategic acquisitions. ” Copyright 2020, KPS Capital Partners, LP of. Stratton has about 5,200 worldwide employees with 1,300 in Wisconsin information presented outside.