URSA Becomes Part of the Xella Portfolio
August 7, 2017- Following strong turnaround & growth since 2015, URSA will now complement Xella’s portfolio as a separate business unit
- Turnaround under KKR ownership allows for next stage in the company’s development
-
URSA has been part of KKR’s
$4.5bn investment drive inSpain since 2010 across different investment platforms, supporting leading Spanish businesses to develop and grow their operations, even in challenging market conditions
Headquartered in
KKR Credit has been a major shareholder in URSA since 2015 and has supported the business in driving sustainable growth in the face of challenging market conditions. Following a sharp decline in the Russian market, KKR strengthened URSA’s management team and reorganised and streamlined operations. This allowed the business to pursue growth initiatives, including capacity extensions in various manufacturing sites, and thanks to the operational improvements, significantly increased profitability.
Alejo Vidal-Quadras, Head of
The transaction is expected to close by the end of 2017. The investment in URSA comes from funds managed or advised by KKR Credit.
KKR Credit was advised by
-ends-
About KKR
KKR is a leading global investment firm that manages multiple
alternative asset classes, including private equity, energy,
infrastructure, real estate, credit and, through its strategic partners,
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 with KKR
portfolio companies. KKR invests its own capital alongside its partners’
capital and provides financing solutions and investment opportunities
through its capital markets business. References to KKR’s investments
may include the activities of its sponsored funds. For additional
information about
About URSA
URSA is a leading European insulation provider with the headquarters in
With 13 production sites in 9 countries and a commercial presence in
around 40 markets in
View source version on businesswire.com: http://www.businesswire.com/news/home/20170807005412/en/
For KKR
Finsbury
Phone:
+44(0)20 7251 3801
E-mail: victor.mallet@finsbury.com
or
Biel
Huguet Albons
Phone: +(34) 915 765 250
Email:
bhuguet@estudiodecomunicacion.com
Source: KKR
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