KKR, a leading global investment firm with strong presence in Spain,
is the new owner of Papresa
Following the agreement between Grupo Alfonso Gallardo and KKR, Papresa
is now under the ownership of KKR, a leading global investment firm with
strong presence in Spain.
Over the last years, KKR has invested over €1 Bio million in companies
in Spain, including Inaer, a leading provider of aerial emergency
services and aircraft maintenance for mission critical operations,
Uralita, a multinational company of building materials and ACCIONA
Energía International (AEI), an international renewable energy
Another seventeen companies of KKR's global portfolio of companies have
operations in Spain, employing over 6,000 people and operating across
different industries such as IT, energy, aerial, chemical, bio-medics,
pharmaceutical, education, intellectual property and others.
Lourdes Marquet, COO of Papresa, said: "We are excited to have such a
reputable, internationally recognized investor, as the owner of our
company. Papresa now benefits from a stable, long term capital
structure, allowing the company to focus on the development of its
business. We will also be able to tap into the operational and financial
expertise within the KKR investment platform."
Papresa is a paper mill located in the north of Spain with production
capacity of 325,000tM/year of Newsprint, Improved, Colour and Directory
paper for Cold-Set and Heat-Set printing, operating 3 Paper Machines and
2 deinking plants.
Under the new ownership, Papresa will implement the investments and
improvements plans required to work at full capacity and develop the
products demanded by its customers and markets.
KKR is a leading global investment firm that manages investments across
multiple asset classes including private equity, energy, infrastructure,
real estate, credit and hedge funds. KKR aims to generate attractive
investment returns by following a patient and disciplined investment
approach, employing world-class people, and driving growth and value
creation at the asset level. KKR invests its own capital alongside its
partners' capital and brings opportunities to others through its capital
markets business. References to KKR's investments may include the
activities of its sponsored funds. For additional information about KKR
& Co. L.P. (NYSE:KKR), please visit KKR's website at www.kkr.com.
+44 (0) 20 7251 3801
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