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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 Completes $1.7 Billion Acquisition of Controlling Stake in Tate & Lyle’s Primary Products Business
- Client News
- April 7, 2022
Paul, Weiss advised KPS Capital Partners, LP in its acquisition of a controlling stake in Tate & Lyle’s Primary Products business in North America and Latin America and its interests in the Almidones Mexicanos S.A. de C.V. and DuPont Tate & Lyle Bio-Products Company, LLC joint ventures. The transaction, which closed on April 1, has an aggregate enterprise value of $1.7 billion. Following completion of the deal, KPS and Tate & Lyle, through affiliates, own 50.1% and 49.9% of the Primary Products Business, respectively, with KPS having board of directors and operational control.
The Primary Products Business is a leading provider of nutritive sweeteners, industrial starches, acidulants and other corn-derived products in North America and Brazil.
The Paul, Weiss team included corporate partners Angelo Bonvino, Cullen Sinclair, Monica Thurmond, Catherine Goodall, Manuel Frey, Robert Zochowski and Victoria Forrester and counsel Gabriella Toossi and Hilary Christian; executive compensation partner Andrew Gaines and counsel Meghan Fox; tax partners David Mayo, Robert Killip, Brian Krause and Jeffrey Samuels and counsel Alyssa Wolpin; intellectual property partner Charles Googe; real estate partner Peter Fisch and counsel Allen Wieder and Barry Langman; litigation partners Allan Arffa and Aidan Synnott and counsel Peter Jaffe, Steven Herzog and Rachel Fiorill; environmental counsel William O’Brien; antitrust counsel Yuni Sobel and Marta Kelly; international trade counsel Richard Elliott; and restructuring counsel Diane Meyers.