Kartesia, the European specialist provider of capital solutions for small and mid-sized companies, is proud to announce the completion of its first investment in the Baltics with the acquisition, alongside the management, of Groglass®. Groglass® is one of the world’s leading developers and manufacturers of anti-reflective and other high-performance coatings on glass and acrylic for various industries, including high-end electronic and static displays, picture framing, museum showcases and construction materials.
Kartesia, the European specialist provider of capital solutions for small and mid-sized companies, is pleased to announce its investment alongside Florac in BricoPrive.com.
The deal was led by Matthieu Delamaire, Managing Partner, and Kartesia acted as sole unitranche provider and minority shareholder alongside Florac, Julien Boué and Marc Leverger, co-founders of Brico Privé.
The acquisition of Euro-Druckservice GmbH (EDS) by Deutsche Private Equity (DPE), a private equity fund, from funds advised by Kartesia illustrates how Kartesia assisted a company that was hard hit by the 2009 financial crisis to get back on track. Thomas Pöhler, Associate Director at Kartesia, talks us through a success story that was driven by a sensible yet approach to investment, continuous work with other stakeholders and a well selected management team.
EDS: leader in retail marketing solutions in Central and Eastern Europe
After a successful deal with BNP Paribas last July when Kartesia became the anchor investor to their latest collateralised loan obligation (“CLO”) vehicle, Kartesia is pursuing its long-term and proactive investment strategy on CLO market. “In H2 2017, we continued to see market conditions that were really supportive for vehicle issuers, which gave CLOs strong appeal”, recalls Associate Director Julien Rigon. “So we were looking to position ourselves in a new CLO into that context.”
Oak Hill: one of Europe’s top CLO managers
In December 2017, Kufner Group was acquired by Austrian private investors, resulting in the exit of Kartesia’s Unitranche investment. We look back at the story behind a successful deal that almost never happened.
Kufner Group, a leader in textile interlinings since 1862
Kartesia is pleased to announce that the investment of the KCO III into the unitranche debt issued by Kufner was repaid at par following the exit of the Company by VMS. Kufner, founded in 1862 and headquartered in Munich, is a global manufacturer of technical textiles with a particular focus on interlinings used in apparel applications as well as in other technical textile segments, e.g. automotive seating.
Kartesia is pleased to announce that the investment of Altercap I and Altercap II funds into the senior and mezz debt issued by EDS was repaid at par following the sale of the Company to DPE. Euro-Druckservice GmbH (EDS), headquartered in Germany, is the leading provider of retail marketing communications solutions (around printed leaflets) in the CEE region. With more than 1500 FTEs across 8 sites in 5 countries, EDS has an unmatched footprint in the region and is able to serve its large and diversified blue-chip customer base (international retailers) locally.