9 Oct 2020
KKR has reached an agreement to sell 100% of Papresa to Quantum Opportunity Fund II
Quantum Opportunity Fund II acquired Papresa from KKR with views to convert part of the newsprint production into packaging paper while maintaining the Company’s workforce, expanding its current product offering, penetrating new growth markets, promoting the internationalization of the company towards the Asian market and establishing its own sales network in Europe.
Papresa is the leading producer of newsprint paper in Southern Europe and as of 31st December 2019 recorded sales of €140m and EBITDA of €21m.
The transaction closed in October 2020 and Pöyry Capital acted together with Alantra as financial advisors to KKR.