The European Commission cleared, on Wednesday 19 October, the proposed acquisition of Evergreen Holding Germany GmbH and Real Alloy UK Holdco Ltd (Real Alloy Europe) by KPS Special Situations Fund V, a fund managed by KPS Capital Partners, LP (KPS) through its subsidiary Speira BidCo I GmbH (Speira). The approval is conditional on full compliance with commitments offered by KPS.
KPS is an investment fund that controls manufacturing companies across multiple sectors. The KPS...