Paul Weiss Reps KPS Capital in United Copper Buy

Law360, New York (September 29, 2011, 3:38 PM EDT) -- Private equity firm KPS Capital Partners LP announced Thursday that it had acquired United Copper, a privately owned producer of copper wire, promising more moves to increase its copper and metal holdings.

The firm, whose $2.9 billion portfolio spans sectors from automotive to beer, gains UCI's Dallas-area copper wire and cable factory in the deal with Grupo IUSA, the Mexican industrial conglomerate that founded UCI as a toehold in the U.S. electrical market in 1999. Terms of the transaction were not immediately disclosed.

“Our investment in...
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