Entrepreneurial Family Owner Pervan Partners with KKR
February 9, 2016The Pervan family partnership with global investment firm KKR aims to further strengthen Välinge’s position as a leading industrial R&D company
The Pervan family is partnering with KKR to further grow Välinge into a
world leading R&D and IP provider in its respective business segments,
leveraging KKR’s financial resources, its international network and its
longstanding expertise in the global industrial sector. KKR has an
extensive track record of partnering with entrepreneurs and family-owned
companies in
The partnership with KKR will allow Välinge to invest behind new
technologies in fast growing areas such as LVT flooring, tool-less
furniture assembly, digital micro 3D printing and wood powder
technology. The former minority owners,
Välinge draws its roots from the deep Swedish knowledge and expertise in
wood technology and the company and its founder have a long track record
of developing innovative and disruptive technologies such as laminate
flooring, floor locking systems allowing for easy assembly, and the new
powder based flooring, Nadura and Woodura. A common thread and guiding
principle of all Välinge’s innovations is to develop products that are
better performing and at a lower cost with a core focus on benefit to
the end user. Välinge currently holds around 1,300 patents, and has
expanded its IP portfolio significantly over the past five years, with
over 12,000 applications in the pipeline today. The company is based in
Viken,
The company’s excellence in innovation has been recognised through a
number of high-profile awards. Most recently, in
The transaction will be funded primarily from KKR’s European Fund IV. No financial terms were disclosed.
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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
About Välinge
Välinge is an R&D and IP company with particular strength in wood based
technologies and the flooring and furniture industries. Founded in 1993,
Välinge pioneered the concept of floating click floors and today, over
1bn m2 of flooring is sold with click systems every year,
reducing the time and effort needed for floor installation as well as
easing the environmental burden of the hundreds of millions liters of
glue used for installations in the past. 2015 License income and EBITDA
is expected to be
The present technology base covers fields related to floor locking, furniture, construction material, surface materials and treatments, production processes and tools, digital printing and ink, and thermoplastic core materials.
Välinge’s patent portfolio is one of the most comprehensive industrial
patent portfolios in
View source version on businesswire.com: http://www.businesswire.com/news/home/20160208006471/en/
KKR
Finsbury
Phone:
+44(0)20 7251 3801
Email: victor.mallet@finsbury.com
or
Comir
Phone: +46 70 605 6334
Email: johan.hahnel@comir.se
Source: KKR
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