-- RAHUL SEVANI ELEVATED TO PARTNER

KPS Capital Partners, LP ("KPS") announced today that Rahul Sevani has been 
promoted to Partner.

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KPS Co-Founders and Managing Partners Michael Psaros and David Shapiro, 
together with Managing Partner Raquel Vargas Palmer, said in a joint statement, 
"We congratulate Rahul on this milestone achievement.  Rahul's contributions to 
KPS over the past decade are truly extraordinary.  Rahul is a leader and an 
exemplar of KPS' values and culture.  We look forward to working with our new 
Partner to continue to create value for our investors by seeing value where 
others do not, buying right and making businesses better.  We are proud of the 
complete continuity of our partnership and senior leadership team since the 
creation of our firm over 25 years ago, as well as our remarkable growth 
globally."  

About KPS Capital Partners, LP

KPS, through its affiliated management entities, is the manager of the KPS 
Special Situations Funds, a family of investment funds with approximately $14.1 
billion of assets under management (as of September 30, 2022).  For over three 
decades, the Partners of KPS have worked exclusively to realize significant 
capital appreciation by making controlling equity investments in manufacturing 
and industrial companies across a diverse array of industries, including basic 
materials, branded consumer, healthcare and luxury products, automotive parts, 
capital equipment and general manufacturing.  KPS creates value for its 
investors by working constructively with talented management teams to make 
businesses better and generates investment returns by structurally improving 
the strategic position, competitiveness and profitability of its portfolio 
companies, rather than primarily relying on financial leverage.  The KPS Funds' 
portfolio companies currently generate aggregate annual revenues of 
approximately $22.0 billion, operate 232 manufacturing facilities in 27 
countries, and have approximately 53,000 employees, directly and through joint 
ventures worldwide. The KPS investment strategy and portfolio companies are 
described in detail at www.kpsfund.com.

SOURCE  KPS Partners, LP

Business Inquiries:  KPS +1 212 338 5100; Media Relations: Jennifer Prosek or 
Trevor Gibbons, +1 646.818.9238 or pro-KPS@prosek.com