KPS Capital Partners has promoted Bruce Curley to Partner – Operations Group. Mr. Curley leads the KPS Operations Group, a team of ten professionals with manufacturing and operations experience that work with the KPS portfolio companies to improve operating results.
“We are proud to announce the promotion of Bruce Curley to Partner – Operations Group. Bruce is an important member of the KPS team and has contributed enormously to the success of our firm for over a decade by working with our portfolio company management teams to drive operational excellence,” said Michael Psaros and David Shapiro, Co-Founders and Managing Partners of KPS. “We have built a world class team of operations focused professionals under Bruce’s leadership and we expect to continue to grow our operations team in the coming years.”
Mr. Curley has been affiliated with KPS since 2000, first as Chief Executive Officer of a former KPS portfolio company, and then beginning in 2005 as Managing Director and head of the KPS Operations Group. Prior to his involvement with KPS, Mr. Curley held management positions with International Paper, Boise Cascade and Mead. Mr. Curley received a BS in Engineering from Rensselaer Polytechnic Institute and an MA in Business from Central Michigan University. He is a registered Professional Engineer.
On April 15, KPS Capital Partners held a first and final closing of KPS Special Situations Fund IV with $3.5 billion in investor capital commitments. The fund, which had a $3 billion target, is the third oversubscribed institutional private equity fund raised by KPS. The fundraise was completed in under three months.
KPS Capital Partners is the manager of the KPS Special Situations Funds, a group of private equity funds with over $6 billion of committed capital focused on investing in restructurings, turnarounds and other special situations. The KPS investment strategy targets manufacturing and industrial companies with strong market positions that are going through a period of transition or experiencing operating or financial difficulties. KPS portfolio companies have aggregate annual revenues of approximately $6.8 billion, operate 85 manufacturing plants in 25 countries, and employ over 29,000 associates worldwide. KPS Capital Partners is headquartered in New York (www.kpsfund.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 4-30-13