KED initially invested $2.5 billion in Infor during 2017 via a combination of common and preferred equity. KED received 5 of 11 board seats with 6 held by previous investors Golden Gate Capital, Summit Partners, and Infor management. KED purchased the remainder of the common equity in a series of transactions from 2018 to 2020 and now owns all of Infor. Infor is a leading cloud-based enterprise resource planning (ERP) software provider, with 15,000 employees and over 70,000 customers.
KED provided $350 million of preferred equity to facilitate a combination of Mi and Milgard, two of the nation’s leading manufacturers of vinyl and aluminum windows and doors. In addition to its preferred investment, KED also owns 20% of the common equity alongside the controlling DeSoto family.
KED provided $550 million of preferred and common equity to support the Getty family’s deleveraging and repurchase of Carlyle’s majority ownership stake. KED owns approximately one-third of the common equity with the remainder controlled by the Getty family. Getty Images is the leading supplier and distributor of stock and custom visual content for corporate, creative agency, and editorial media companies.
KED’s $650 million PIPE facilitated the company’s all cash acquisition of Time Inc. Meredith is a leading media company with print, broadcast, and digital platforms.
KED’s $300 million preferred equity investment facilitated Air Medical’s acquisition of the nation’s largest ground ambulance operator. The combined entity, renamed Global Medical Response, is the largest independent provider of air and ground ambulatory services in the United States.
KED provided $100 million in the form of preferred equity to support a buyout of Neustar by Golden Gate Capital. Neustar is a provider of real-time information services and administrator of the world’s largest local number registry.
After initially acquiring a 44% minority ownership stake during 2012, Koch acquired the remaining interest in the company in 2017. Guardian, a leading manufacturer of float glass and fabricated glass products along with other diversified businesses, brings new capabilities and expertise to Koch in several highly technical manufacturing and distribution industries.
Phillips-Medisize was acquired by Molex in October 2016 from Golden Gate Capital. Based in Hudson, Wisconsin, Phillips-Medisize is a global leader in outsource design, development and manufacturing, focused on medical solutions that include drug delivery, mobile and portable medical devices, and primary pharmaceutical packaging and diagnostics products.
KED led a $230 million structured equity investment in Siris Capital-backed Transaction Network Services, a leading network services company in the payment services, financial services, and telecom industries. Eaglehill Advisors LLC, and MSD Capital, L.P. passively co-invested alongside KED in the transaction.
KED provided $800 million via two classes of preferred equity and a minority common equity investment as well as a unique bridge facility to help Vista Equity Partners take Solera Holdings Inc. private in a deal valued at $6.5 billion. Solera is a leading supplier of risk and asset management software, and its software solutions and extensive databases connect the primary participants (insurance companies, repair shops, assessors, dealers, recyclers, consumers, etc.) in the complex automotive collision and repair ecosystem.
KED provided $750 million of preferred equity financing to help Protection One, a portfolio company of Apollo Global Management, take ADT Corporation private in a merger valued at more than $15 billion.
Partnering with BDT Capital Partners LLC and Penske Corporation, KED was able to purchase Truck-Lite, a leading global manufacturer and distributor of visibility systems to the heavy-duty truck, trailer and commercial vehicle industries. The transaction aligned KED with Truck-Lite’s strong management team and proven track record of producing results.
KED and the Goldman Sachs Merchant Banking Division acquired the Flint Group, a leading global supplier of inks and non-ink print consumables, image transfer products, and chemicals to the packaging and print media industries. Post acquisition, Flint has completed a series of acquisitions totaling approximately $500 million to grow its portfolio of digital and packaging printing inks and equipment.
In 2014, Oplink was acquired in a $445 million strategic take-private transaction and merged the company into Molex. Oplink is a leading provider of optical communications components, intelligent modules, and subsystems.
Flint Hills Resources acquired PetroLogistics, an on-purpose propylene producer, in 2014. This $2.1 billion take-private transaction provided Flint Hills Resources with the raw material needed for polypropylene production.
KED helped the Weiss family regain private control of American Greetings Corporation, a leading manufacturer of physical and digital social expressions, with a $240 million structured equity investment.