PR89395

NEW YORK, May 6, 2021 /PRNewswire=KYODO JBN/ --

- Leading Global Extruded Aluminum Profile Manufacturer

- First Mid-Cap Fund Acquisition in Europe

KPS Capital Partners, LP ("KPS") announced today that it has signed a

definitive agreement to acquire Metra Holding S.p.A. and Metra S.p.A.,

(collectively "Metra" or the "Company"), a global manufacturer of extruded

aluminum. The selling shareholders will retain 25% ownership of the Company.  

Upon completion of the transaction, Metra will become the fourth acquisition

completed by KPS Special Situations Mid-Cap Fund (the "Mid-Cap Fund") and KPS'

first Mid-Cap Fund acquisition in the EMEA region.

Metra is a global, vertically integrated manufacturer of extruded aluminum

profiles and related value-added services, including painting, oxidation,

machining, welding and assembly.  The Company offers a full range of extruded

aluminum profiles, which are used primarily in the industrial and building &

construction end-markets across Europe and North America.

Pierre de Villemejane, a Partner of KPS Mid-Cap Investments ("KPS Mid-Cap"),

said, "We are excited to acquire Metra, a differentiated aluminum extrusion

business with diverse manufacturing and finishing capabilities, broad product

development competencies and a superior customer service track record.  We look

forward to partnering with the selling shareholders, Chief Executive Officer

Enrico Zampedri, and the Metra team to accelerate growth opportunities driven

by substantial investment in the Company's assets and operations.  Metra's

manufacturing expertise and commitment to quality, combined with KPS' global

strategic, operational and financial resources, provide an ideal platform for

future growth.  We intend to expand the business both organically and through a

global acquisition strategy."

Enrico Zampedri, Chief Executive Officer of Metra, said, "The entire Metra team

is thrilled to partner with KPS as the Company enters this next phase of

growth.  KPS has a demonstrated track record of investing in the metals

industry and exhibiting the ability to create significant value in the sector.  

KPS' global reach, commitment to manufacturing excellence and the health and

safety of all Metra employees combined with its significant financial resources

will enable our company to realize significant growth, while maintaining our

focus on quality and customer service."

Completion of the transaction is expected in the second quarter of 2021 and is

subject to customary closing conditions and approvals.  Financial terms of the

transaction were not disclosed.

Intesa Sanpaolo S.p.A. – IMI Corporate & Investment Banking Division served as

lead financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP served

as legal counsel to KPS.  Lazard S.r.l. served as financial advisor, Allen &

Overy LLP served as legal counsel and EY Advisory S.p.A. served as the

financial vendor due diligence advisor to Metra.

About Metra

Metra is a global, vertically integrated manufacturer of extruded aluminum

profiles and related value-added services, including painting, oxidation,

machining, welding and assembly. The Company offers a full range of extruded

aluminum profiles, which are used primarily in the industrial and building &

construction end-markets across Europe and North America. Metra is

headquartered in Rodengo Saiano, Italy, with five strategically located

manufacturing facilities across Italy and Canada. For additional information,

please visit www.metrabuilding.com or www.metraindustry.com.

About KPS Capital Partners

KPS, through its affiliated management entities, is the manager of the KPS

Special Situations Funds, a family of investment funds with over $12.3 billion

of assets under management (as of December 31, 2020). For nearly three decades,

the Partners of KPS have worked exclusively to realize significant capital

appreciation by making controlling equity investments in manufacturing and

industrial companies across a diverse array of industries, including basic

materials, branded consumer, healthcare and luxury products, automotive parts,

capital equipment and general manufacturing. KPS creates value for its

investors by working constructively with talented management teams to make

businesses better, and generates investment returns by structurally improving

the strategic position, competitiveness and profitability of its portfolio

companies, rather than primarily relying on financial leverage. The KPS Funds'

portfolio companies have aggregate annual revenues of approximately $10.6

billion, operate 159 manufacturing facilities in 22 countries, and have

approximately 34,000 employees, directly and through joint ventures worldwide.

The KPS investment strategy and portfolio companies are described in detail at

www.kpsfund.com.

KPS Mid-Cap focuses on investments in the lower end of the middle market that

require up to $100 million of initial equity capital. KPS Mid-Cap targets the

same type of investment opportunities and utilizes the same investment strategy

that KPS' flagship funds have for nearly three decades. KPS Mid-Cap leverages

and benefits from KPS' global platform, reputation, track record,

infrastructure, best practices, knowledge and experience. The KPS Mid-Cap

investment team is managed by Partners Pierre de Villemejane and Ryan Harrison,

who lead a team of experienced and talented professionals.

SOURCE  KPS Capital Partners, LP

CONTACT: Business Inquiries: KPS – +1 212.338.5100; or Media Relations: David

Wells or Catherine Johnson – +1 646.818.9287