KPS Capital to Sell American & Efird to Platinum Equity Capital

Paul, Weiss is representing North Carolina-based thread maker American & Efird (A&E), a portfolio company of KPS Capital Partners, in its sale to Platinum Equity Capital Partners. Financial terms of the transaction were not disclosed. A&E is the world's second-largest manufacturer and distributor of premium quality industrial and consumer sewing thread, embroidery thread and technical textiles. The transaction was expected to close in the second quarter of 2018, pending regulatory approvals.

The Paul, Weiss team included, among others, corporate partner Carl Reisner and counsel Ji Lu, Nathan Sawyer and Lindsey Wiersma; tax partner David Mayo; real estate partner Peter Fisch; intellectual property partner Claudine Meredith-Goujon; employee benefits partner Robert Fleder and counsel Jarrett Hoffman; antitrust counsel Marta Kelly; environmental counsel William O’Brien; international trade counsel Richard Elliott; and litigation counsel Peter Jaffe.