KPS Capital Pockets $50M In Recap Of Home Goods Co.

Law360, New York (January 3, 2013, 4:19 PM EST) -- KPS Capital Partners LP portfolio company WWRD Holdings Ltd. has raised $167.5 million from two Bank of America Corp. units to refinance outstanding debt and fund a $50 million payout to KPS and its co-investors, the private equity firm said Thursday.

The move lets KPS take some of its equity back from WWRD, which it formed in 2009 by acquiring several home goods and luxury furnishing properties, including Waterford crystal, Wedgwood pottery and Royal Albert fine china. Including this dividend, WWRD has distributed about $66 million...
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