The United Kingdom Pension Protection Fund has sold Kodak Alaris to Kingswood Capital Management
Kodak Alaris
Kodak Alaris continues the Kodak legacy of excellence in photography and imaging services through its two business units, Kodak Moments and the Kodak Alaris business unit. Kodak Moments is a leading global provider of photo products and services to retailers, consumers and entertainment properties. The Kodak Alaris business unit is one of the largest global providers of data capture and processing solutions. Kodak Alaris serves customers in more than 100 countries around the world with major locations in the U.S., UK, France, Germany, Mexico and Australia. For more information, please visit www.kodakalaris.com.
The Deal
Kodak Alaris has been acquired by Kingswood Capital Management from the United Kingdom Pension Protection Fund (PPF). In a joint statement, Nicki Zongrone, President of Kodak Moments and John Blake, President of the Kodak Alaris business unit, said, “The investment by Kingswood 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.” Lincoln International served as the exclusive financial advisor to the PPF and Kodak Alaris. Eversheds Sutherland served as legal counsel to the PPF and Kodak Alaris in connection with the transaction.
Our Perspective
Ben Farris and Chris Stradling, Lincoln International Managing Directors who co-led the transaction, commented in a joint statement, “It’s been an absolute pleasure and privilege to work with the PPF and the Kodak Alaris team. Both Kodak Moments and the Kodak Alaris business unit hold market-leading positions in their respective segments driven by reputations for best-in-class product and service offerings. The company is well-positioned for future growth with Kingswood as its next partner.”
Kodak Moments
Kodak Moments is a leading global provider of photo products and services to retailers, consumers, and entertainment properties. Kodak Moments inspires consumers to bring their memories to life – delivering innovative, high-quality photo products and experiences they find truly meaningful. For more information, please visit www.kodakmoments.com.
Kodak Alaris Business Unit
The Kodak Alaris Business Unit is a leading provider of information capture and intelligent document processing solutions that simplify business processes. Kodak Alaris helps the world make sense of information with smart, connected solutions powered by decades of image science innovation. For additional information, please visit www.alarisworld.com.
Kingswood Capital Management
Kingswood partners with leading companies in the middle market which stand to benefit from its capital and extensive operating resources. Kingswood embraces complexity and believes it is well-positioned to support businesses at inflection points in their development to enhance value. Based in Los Angeles, Kingswood is a cohesive, entrepreneurial team with a long history of shared success developing “win-win” partnerships with its portfolio companies and management teams. For more information, please visit www.kingswood-capital.com.
It was apparent from the early stages of this transaction that Lincoln’s professionalism, industry expertise and commitment throughout supported us in securing the right strategic partner for Kodak Alaris. The sale process was thorough, efficient and well-managed culminating in a positive outcome for the shareholder.
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