KPS Capital Partners, an American investment company, agreed to acquire Sport Group, a designer, manufacturer and installer of artificial surfaces serving the global sports flooring, leisure and landscaping and industrial markets, from Equistone Partners, a London-based independent investment firm. Financial terms were not disclosed. "We are thrilled to acquire Sport Group, a global industry leading provider of artificial surfaces. Sport Group is the only vertically integrated manufacturer of artificial turf and polyurethane artificial surfaces products, with capabilities across the value-chain (design, manufacturing, installation and recycling) and with a manufacturing presence on three continents. We look forward to partnering with Sport Group's talented employees and senior management team, to build upon this iconic platform. We will leverage KPS' decades of manufacturing expertise and provide strategic support and capital to accelerate the Company's value creation opportunities. Sport Group's unparalleled brand portfolio, commitment to quality and industry leading R&D capabilities provides an ideal foundation for future growth – both organically and through a global acquisition strategy," Raquel Vargas Palmer, KPS Capital Partners Managing Partner.