CapMan Press Release 22.5.2015 at 2.25 p.m. EEST
CapMan’s portfolio company Walki to sell the majority of its Industrial Packaging business
Walki Group, the leading producer of protective packaging materials and technical laminates, announces today that it has entered into an agreement with international packaging and paper group Mondi to sell its Pietarsaari plant in Finland and the Wroclaw plant in Poland.
The two facilities with aggregated sales of 113 million in 2014 constitute the major part of Walki’s Industrial Packaging business, producing primarily packaging material for the paper industry as well as for the corrugated board industry. Post-transaction Walki will have sales of approx. 200 MEUR and eight manufacturing plants. The proposed transaction enables Walki to focus all its resources on the growing markets of energy saving laminates and membranes for building purposes, as well as on selected segments of the consumer packaging market. The funds obtained from the partial exit will be used to strengthen Walki’s balance sheet and finance growth investments.
The planned transaction is subject to competition clearance. Walki Group is a portfolio company of the CapMan Buyout VIII fund and the CapMan Mezzanine IV fund.
For more information, please contact:
Anders Björkell, Partner, CapMan Buyout, tel. +358 (0)207 207 502
Leif Frilund, President and CEO, Walki Group, tel. +358 (0)403543330
About CapMan Group (www.capman.com)
CapMan is one of the European leaders in the private equity industry. For more than 25 years, we have been developing companies and real estate and supporting their sustainable growth. We are committed to understanding the needs of our customers in an ever-changing market environment. We provide attractive returns and innovative solutions for our investors and value adding services for professional investment partnerships, growth-oriented companies and tenants. Our independent investment partnerships – Buyout, Real Estate, Russia and Credit – as well as our associated company Norvestia are responsible for investment activities and value creation. CapMan’s service business offering includes fundraising advisory services, purchasing activities and fund management services to both internal and external customers. CapMan has 100 private equity professionals and assets under management of 3.0 billion.
About Walki Group (www.walki.com)
Walki Group is a leading producer of technical laminates and protective packaging materials, specializing in the production of fibre based, intelligent, multi- layer laminate products for markets as diverse as energy saving construction facings to barrier packaging applications. Walki Group is present in eleven countries with operations in Finland, Germany, the Netherlands, Poland, Russia, the UK and China with a workforce of about 900 people. Annual net sales of the Group are more than 300 million.
About Mondi (www.mondigroup.com)
Mondi is an international packaging and paper Group, employing around 25,000 people across more than 30 countries. The key operations are located in central Europe, Russia, North America and South Africa. Mondi offers over 100 packaging and paper products, customised into more than 100,000 different solutions for customers and end consumers.
