Specialist provider of credit solutions
Specialist provider of credit solutions

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

Fri 13 April 2018 by tina | Tags: exit, EDS

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

Fri 13 April 2018 by tina | Tags: exit, Kufner Group

Kartesia is pleased to announce that the investment of the KCO III fund into the B Notes of the CLO vehicle AVOCA XIV have been fully repaid at par.

Sun 31 December 2017 by tina | Tags: AVOCA IV, KCOIII, exit, CLO

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.

Fri 15 December 2017 by tina | Tags: Kufner, KCOIII, exit, primary deal, Germany

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.

Wed 15 November 2017 by tina | Tags: EDS, Altercap, exit, secondary deal, Germany

Kartesia is pleased to announce that the investment of the Altercap II funds into the senior and mezzanine debt issued by URSA was repaid at par following the sale of the Company to Xella International. Headquartered in Madrid, URSA is a leading European thermal and acoustic insulation manufacturer aimed at increasing the sustainability and energy efficiency of buildings, targeting both new constructions and renovations. With approximately €500m turnover, URSA produces glass wool and extruded polystyrene (XPS) across 13 plants scattered all over Europe, including Russia.

Fri 27 October 2017 by tina | Tags: URSA, Altercap, exit, secondary deal, Spain

Kartesia is pleased to announce that the investment of the KCO III fund into the senior debt issued by Grupo Cortefiel was repaid at par following a refinancing in the context of the reinvestment of PAI Partners and CVC Capital Partners. Grupo Cortefiel is based in Madrid, Spain and is one of Europe's leading fashion retailers. It is made up of four own brands: Cortefiel, Springfield, Women'Secret, Pedro del Hierro and an outlet chain: Fifty Factory. 

Fri 22 September 2017 by tina | Tags: Cortefiel, KCO III, exit, secondary deal, Spain

Kartesia is pleased to announce that the investment of the KCO III and Altercap II funds into the senior debt issued by HMY was repaid at par following the sale of the Company to LBO France. HMY offers a wide range of shelving equipment, checkout counters and point-of-purchase (‘POP’) material, ranging from standard metal products through to bespoke customised fittings incorporating aluminium, wood and glass. The Group provides its clients with an integrated service, from conception and design to in-store installation.

Thu 29 June 2017 by tina | Tags: HMY, KCO III, Altercap, exit, secondary deal, France