KPS Capital Partners has completed its $180 million acquisition of American & Efird from Ruddick (NYSE: RDK). The acquired business manufactures and distributes industrial sewing thread, embroidery thread and technical textiles. The company's thread is used by producers of apparel, automotive components, home furnishings, medical supplies, footwear and certain industrial products.
Since the beginning of 2010, PE investors and their portfolio companies have carved out or acquired 242 business units, according to the PitchBook Platform. Over half of those carveouts targeted businesses primarily involved in either the B2B or B2C industries. Energy has been the third most active industry for PE-backed carveouts, accounting for 10% of the activity. Q4 2010 was the busiest quarter during the time period for the transaction type with 43 completed carveouts.