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Walki and Mondi to terminate the acquisition agreement


CapMan Press release                     15 December 2015 at 1.15 p.m.


Walki and Mondi to terminate the acquisition agreement

In May 2015, Mondi Group agreed to acquire two of Walki Group’s extrusion coatings plants located in Pietarsaari, Finland and Wroclaw, Poland. The deal was subject to competition clearance. Following the announcement, Mondi and Walki have been in discussions with the European Commission acting as competition authority about ways to alleviate concerns about the impact on the competitive environment. However, no workable solution suitable for all parties has been found and therefore Mondi has decided to withdraw the application to the Commission and terminate the acquisition agreement.

The Industrial Packaging business, including the Pietarsaari and Wroclaw plants, will remain an integral part of Walki’s strategy. Walki is committed to develop all of its sites in Finland, Poland, Germany, the UK, the Netherlands, Russia and China.

Walki 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
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. Our objective is to 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 €2.8 billion.

About Walki Group
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
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.