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.”
About KPS Capital Partners
KPS, through its affiliated management entities, is the manager of the KPS Special Situations Funds, a family of investment funds with approximately $21.4 billion of assets under management (as of December 31, 2023). For nearly three decades, the Partners of KPS have worked exclusively to realize significant capital appreciation by making controlling equity investments in manufacturing and industrial companies across a diverse array of industries, including basic materials, branded consumer, healthcare and luxury products, automotive parts, capital equipment and general manufacturing. KPS creates value for its investors by working constructively with talented management teams to make businesses better, and generates investment returns by structurally improving the strategic position, competitiveness and profitability of its portfolio companies, rather than primarily relying on financial leverage. The KPS Funds’ portfolio companies generate aggregate annual revenues of approximately $20.3 billion, operate 222 manufacturing facilities in 26 countries, and have approximately 48,000 employees, directly and through joint ventures worldwide (as of December 31, 2023). The KPS investment strategy and portfolio companies are described in detail at www.kpsfund.com.
KPS Mid-Cap focuses on investments in the lower end of the middle market that require up to $200 million of initial equity capital. KPS Mid-Cap targets the same type of investment opportunities and utilizes the same investment strategy that KPS’ flagship funds have for nearly three decades. KPS Mid-Cap leverages and benefits from KPS’ global platform, reputation, track record, infrastructure, best practices, knowledge and experience. The KPS Mid-Cap investment team is managed by Partners Pierre de Villeméjane and Ryan Harrison, who lead a team of experienced and talented professionals.