KPS to Acquire Remaining Ownership Interest in Primary Products Investments

Paul, Weiss is advising KPS Capital Partners, LP in its $350 million acquisition of Tate & Lyle PLC’s remaining ownership interest of 49.7% in Primary Products Investments LLC, or Primient, a leading producer of food and industrial ingredients made from plant-based, renewable resources. The transaction is expected to close by the end of July, subject to customary closing conditions and approvals.

Paul, Weiss earlier advised KPS in its April 2022 $1.7 billion acquisition of a controlling interest in Tate & Lyle’s Primary Products Business.

The Paul, Weiss team is led by Angelo Bonvino, Cullen Sinclair and Daniel Fuschillo, and included, among others, corporate partner Suhan Shim and counsel Rohan Dey; tax partner Robert Killip; litigation partners Aidan Synnott and Annie Herdman; environmental counsel William O'Brien; and antitrust counsel Yuni Sobel and Chad de Souza.