Date Closed

November 7, 2011

Lead Office

Montréal

On November 7, 2011, KPS Capital Partners LP acquired the entire share capital of American & Efird LLC from Ruddick Corp in a leveraged buyout transaction.

American & Efird, headquartered in Mt. Holly, North Carolina, is the largest U.S. manufacturer and the world's second-largest manufacturer and distributor of premium quality industrial sewing thread, embroidery thread and technical textiles.

KPS Capital Partners, heaquartered in New York, New York, is the manager of the KPS Special Situations Funds, a family of private equity funds with over $2.7 billion of assets under management focused on constructive investing in restructurings, turnarounds and other special situations

McCarthy Tétrault LLP represented GSO Capital Partners, the lender in connection with the acquisition, with a team led by Mathieu Dubord and Richard Higa.