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KPS Capital Partners Completes Acquisition Of Hussey Copper
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NEW YORK, Dec. 23, 2020 /PRNewswire/ KPS Capital Partners, LP ( KPS ) announced that, through a newly formed affiliate, it has completed the acquisition of Libertas Copper, LLC ( Hussey Copper or the Company ) from Zohar III, Ltd. ( Zohar III ) and Ark II CLO 2001-1, Ltd. KPS acquired Hussey Copper as part of an ongoing monetization process conducted by Zohar III. The United States Bankruptcy Court for the District of Delaware formally approved the transaction on November 30, 2020. Hussey Copper is the third acquisition completed by KPS Special Situations Mid-Cap Fund (the Mid-Cap Fund ). Financial terms of the transaction were not disclosed.
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