Our Private Equity Group provides trusted counsel derived from deep industry knowledge to established as well as up-and-coming private equity firms. We represent firms of every size across the spectrum of investment strategies, and we build long-standing relationships with our clients. As active participants in the private equity industry, we are able to advise our clients on the latest innovations, as well as current market practices and trends.
KPS Capital Partners to Sell WWRD to Fiskars Corporation
- Client News
- May 11, 2015
Paul, Weiss client KPS Capital Partners, LP announced that it has signed a definitive agreement, through an affiliate, to sell its portfolio company WWRD Holdings Ltd. to Fiskars Corporation for $437 million in cash, subject to a post-completion adjustment based upon the level of net working capital and cash and debt in the acquired business. The transaction, subject to customary closing conditions, is expected to close in summer 2015. WWRD is a leading provider of luxury home and lifestyle products sold worldwide under the Waterford, Wedgwood, Royal Doulton, Royal Albert and Rogaška brands.
The Paul, Weiss team included, among others, corporate partners Carl Reisner and Edward Ackerman and counsel Marta Kelly and Didier Malaquin; real estate partner Peter Fisch; intellectual property counsel Claudine Meredith-Goujon; tax partner David Mayo; employee benefits partner Robert Fleder; and environmental counsel William O'Brien.