GSO Capital Partners, the investment arm of Blackstone, agreed to acquire KP1, a building materials provider, from private equity firm DH Private Equity Partners. Financial terms were not disclosed. "KP1 is a robust and high-quality company, which has demonstrated its ability to generate growth over economic cycles, including in the current context. With its management team, we plan to capitalize on the recently developed strategy by believing that the Group is well positioned to offer profitability to all parties concerned," Paulo Eapen, GSO Managing Director.