KPS Capital Partners acquires INEOS Composites

The IMI Corporate & Investment Banking Division of Intesa Sanpaolo, along with other financial institutions, provided committed debt financing to support the acquisition of INEOS Enterprises’ Composites Business by KPS Capital Partners.

INEOS Composites is a leading global manufacturer of unsaturated polyester resins, vinyl ester resins and gelcoats used in the production of plastic composites for a wide range of applications across large global end-markets, including building materials, recreation, transportation and wind energy, among others. 

Through a newly formed affiliate, KPS has signed a definitive agreement to acquire INEOS Composites for an estimated consideration of approximately EUR 1.7bn at completion.

KPS, through its affiliated management entities, is the manager of the KPS Special Situations Funds, a family of investment funds with approximately USD 21.4Bn of assets under management (as of September 30, 2024).