KKR: Papresa Stabilised under New Ownership

KKR: Papresa Stabilised under New Ownership Back to Press Releases

KKR: Papresa Stabilised under New Ownership

September 8, 2014

KKR, a leading global investment firm with strong presence in Spain, is the new owner of Papresa

MADRID–(BUSINESS WIRE)– 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 generation business.

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.

ABOUT KKR

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.

RLM Finsbury
Nina Suter
+44 (0) 20 7251 3801
Nina.suter@rlmfinsbury.com

Source: KKR

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This presentation contains certain forward-looking statements pertaining to KKR & Co. Inc. and its consolidated subsidiaries (collectively “KKR”), including certain investment funds, vehicles and accounts that are managed by KKR (each, a “fund”). Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. The forward-looking statements are based on KKR’s beliefs, assumptions and expectations of its future performance, taking into account all information currently available to it. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to KKR or are within its control. If a change occurs, KKR’s business, financial condition, liquidity and results of operations, including but not limited to, assets under management, fee paying assets under management, after-tax distributable earnings, capital invested, syndicated capital, uncalled commitments, cash and short-term investments, fee related earnings, fee and yield segment EBITDA, core interest expense and book value, may vary materially from those expressed in the forward-looking statements. The following factors, among others, could cause actual results to vary from the forward-looking statements: whether KKR realizes all or any of the anticipated benefits from converting to a corporation and the timing of realizing such benefits; whether there are increased or unforeseen costs associated with the conversion, including any adverse change in tax law; the volatility of the capital markets; the general volatility of the capital markets; failure to realize the benefits of or changes in KKR’s business strategies including the ability to realize the anticipated synergies from acquisitions or strategic partnerships or other transactions; availability, terms and deployment of capital; availability of qualified personnel and expense of recruiting and retaining such personnel; changes in the asset management industry, interest rates or the general economy; underperformance of KKR's investments and decreased ability to raise funds; and the degree and nature of KKR’s competition. All forward-looking statements speak only as of the date they are made. KKR does not undertake any obligation to update any forward-looking statements to reflect circumstances or events that occur after the date on which such statements were made except as required by law. In addition, KKR’s business strategy is focused on the long-term and financial results are subject to significant volatility.

Additional information about factors affecting KKR, including a description of risks that may be important to a decision to purchase or sell any common or preferred stock of KKR & Co. Inc., can be found in KKR & Co. Inc.’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and its other filings with the SEC, which are available at www.sec.gov.