KPS Capital Partners, LP signed a definitive agreement to purchase the IKG business from Harsco Corporation (NYSE: HSC) for total consideration of $85 million, subject to customary closing adjustments. Upon completion of the transaction, IKG will become the second portfolio company of KPS Special Situations Mid-Cap Fund. Headquartered in Houston, Texas, IKG is a leading North American manufacturer of high-quality steel and aluminum bar grating. The Company offers a full range of metal bar grating and fencing products, which are used primarily in industrial flooring, safety and security applications across a wide range of industries. KPS, through its affiliated management entities, is the manager of the KPS Special Situations Funds, a family of investment funds with over $11.5 billion of assets under management. The Paul, Weiss team included corporate partners Angelo Bonvino (Picture), Sarah Stasny, Monica Thurmond and Catherine Goodall; employee benefits partner Andrew Gaines and counsel Reuven Falik; tax partner David Mayo; intellectual property partner Chuck Googe; real estate partner Peter Fisch; environmental counsel William O’Brien; antitrust counsel Marta Kelly; and intern...