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Paul, Weiss Aids KPS To Sell Waupaca Foundry To Hitachi Metals For USD 1.3bn.

21 August, 2014

 

Paul, Weiss client KPS Capital Partners, LP announced that it has signed a definitive agreement, through an affiliate, to sell portfolio company Waupaca Foundry, Inc., an iron foundry and supplier, to Hitachi Metals, Ltd. for USD 1.3bn in cash. Completion of the transaction, which is expected to close during the fourth quarter, is subject to customary closing conditions.

 

The Paul, Weiss team serving as both legal counsel and financial advisor to KPS and Waupaca included corporate partners Angelo Bonvino and Monica Thurmond; tax partner David Mayo; and real estate partner Peter Fisch.

 

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