Kodak Alaris, a global leader in photography and imaging services, has been acquired by Kingswood Capital Management, a Los Angeles-based private equity firm. The acquisition is seen as an endorsement of the company’s value and strong performance. Kodak Alaris serves customers in over 100 countries through its business units, Kodak Moments and Kodak Alaris Business Unit. The deal has been hailed as beneficial for all parties involved, including employees and stakeholders of Kodak Alaris.
- Kingswood Capital Management has acquired Kodak Alaris from the UK Pension Protection Fund.
- Kodak Alaris comprises two business units: Kodak Moments and Kodak Alaris Business Unit, serving customers worldwide.
- Kodak Alaris expresses excitement about the new ownership and looks forward to continued successes with Kingswood’s support.
Acquiring Excellence: Kingswood Capital Management Buys Kodak Alaris
In an exciting turn of events, Kingswood Capital Management, a private equity firm based in Los Angeles, has procured Kodak Alaris from the United Kingdom Pension Protection Fund (PPF). Kingswood is no stranger to the art of boosting value in consumer and industrial businesses, having focused on buyouts of middle-market firms.
Kodak Alaris: A Legacy of Quality
For those not familiar, Kodak Alaris maintains the Kodak tradition of superiority in photography and imaging services. The company is divided into two units: Kodak Moments and the Kodak Alaris Business Unit.
Kodak Moments is a global leader in providing photo products and services to retailers, consumers and entertainment properties. Conversely, the Kodak Alaris Business Unit is one of the world’s largest providers of data capture and processing solutions, boasting award-winning software, document scanners and services.
Global Reach
With significant locations in countries like the US, UK, France, Germany, Mexico and Australia, Kodak Alaris caters to customers in more than 100 countries worldwide.
Leaders’ Insight
In a joint statement, Nicki Zongrone, President of Kodak Moments, and John Blake, President of Kodak Alaris Business Unit expressed their optimism about the acquisition.
“The investment by Kingswood Capital is a clear endorsement of the enduring value of our offerings and a testament to our team’s hard work. We are delighted to have secured the backing of new owners who share our vision for the future of our business. We look forward to starting this new chapter guided by Kingswood’s robust operational expertise.”
The PPF also expressed satisfaction with the outcome, which benefits all parties, including the employees and stakeholders of Kodak Alaris.
Kingswood’s Perspective
Alex Wolf, Managing Partner of Kingswood, shared his enthusiasm about helping Kodak Alaris reach its full potential by providing capital, improving operations and identifying growth avenues. Andrew Kovach, Managing Director at Kingswood, also expressed delight in partnering with the Kodak Moments and Kodak Alaris Business Unit management teams and the global employee base.
Final Thoughts
This acquisition marks a significant chapter in the story of Kodak Alaris. With the backing of Kingswood Capital Management the firm is poised to build on its strong recent performance and continue its legacy of excellence. The focus now shifts to how Kingswood’s operational expertise will guide Kodak Alaris in this new era. This partnership will benefit the company and its global customer base, who can look forward to a bolstered service offering in the near future.
FAQ
Q: Who has acquired Kodak Alaris?
A: Kingswood Capital Management, LP (“Kingswood”) has acquired Kodak Alaris from the United Kingdom Pension Protection Fund (“PPF”).
Q: What type of firm is Kingswood Capital Management?
A: Kingswood is a Los Angeles-based private equity firm focused on buyouts of middle-market businesses with experience in driving value for consumer and industrial services businesses.
Q: What are the two business units of Kodak Alaris?
A: Kodak Alaris consists of Kodak Moments, a provider of photo products and services, and Kodak Alaris Business Unit, a provider of data capture and processing solutions.
Q: In how many countries does Kodak Alaris serve customers?
A: Kodak Alaris serves customers in more than 100 countries around the world with major locations in the US, UK, France, Germany, Mexico and Australia.
Q: Who are the Presidents of Kodak Moments and Kodak Alaris Business Unit?
A: Nicki Zongrone is the President of Kodak Moments, and John Blake is the President of Kodak Alaris Business Unit.
Q: Which companies served as advisors in the acquisition of Kodak Alaris?
A: Lincoln International and Eversheds Sutherland served as Kodak Alaris’ advisors, and Kirkland and Ellis, LLP served as the legal advisor to Kingswood on the transaction.
