Private Equity Firm Agrees to Buy Waterford Wedgwood

Waterford Wedgwood has found a buyer, days after the venerable china and glassware manufacturer defaulted on several loans and collapsed into administration. New York-based private equity firm KPS Capital Partners has entered into an agreement to acquire some assets of the Waterford Wedgwood group, “including certain assets of Waterford, Wedgwood, and Royal Doulton, amongst others,” according to a statement issued late yesterday. Financial terms of the proposed deal were not disclosed.