Deal Details

KKR Acquires Potter

Industrial

KKR acquisition of Potter, a portfolio company of Gryphon

Summary

KKR recently completed the acquisition of Potter Global Technologies (“Potter” or the “Company”), a portfolio company of Gryphon Investors (“Gryphon”). Terms of the transaction were not disclosed.

Baird served as exclusive financial advisor to KKR on this transaction.

About

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR is investing in Potter through its Ascendant Strategy, which invests in leading middle market businesses in North America as part of KKR’s Americas Private Equity platform. KKR is headquartered in New York, New York.

Potter Global Technologies is the leading independent designer and manufacturer of life safety and emergency communication solutions. Through its various business brands, Potter provides fire suppression, alarm and communications systems, mass notification systems, first responder RF radio communications and advanced power products. Their mission is to make buildings and people safer from fire, natural disasters and acts of violence. Throughout their longstanding 125-year history of developing industry leading technology, Potter has earned a reputation for best-in-class product quality and customer service. The Company is headquartered in St. Louis, Missouri.

Gryphon Investors is a leading middle-market private equity firm focused on profitably growing and competitively advantaged companies in the Business Services, Consumer, Healthcare, Industrial Growth and Software sectors. With approximately $9 billion of assets under management, Gryphon prioritizes investments in which it can form strong partnerships with founders, owners and executives to accelerate the building of leading companies and generate enduring value through its integrated deal and operations business model. Gryphon's highly differentiated model integrates its well-proven Operations Resources Group, which is led by full-time, Gryphon senior operating executives with general management, human capital acquisition and development, treasury, finance and accounting expertise. Gryphon's three core investment strategies include its Flagship, Heritage and Junior Capital strategies, each with dedicated funds of capital. The Flagship and Heritage strategies target equity investments of $50 million to $350 million per portfolio company. The Junior Capital strategy targets investments in junior securities of credit facilities, arranged by leading middle-market lenders, in both Gryphon-controlled companies, as well as in other private equity-backed companies operating in Gryphon's targeted investment sectors.

Industrial

KKR acquisition of Potter, a portfolio company of Gryphon