SVP investment puts KP Films back on sound footing

27 June 2012


Leading film products producer Klöckner Pentaplast has “substantially strengthened” its capital structure with a cash equity injection of €190m, following the company’s purchase by a group of new investors led by hedge fund Strategic Value Partners.

With new debt facilities underwritten and funded by Jefferies & Company Inc, part of the transaction means that the Germany-based company’s total debt has been reduced by approximately 50% to €630 million from €1.26 billion.

Klöckner Pentaplast (KP Films) has been producing films for pharmaceutical, medical device, food, electronics, and general-purpose thermoform packaging, as well as printing and specialty applications since 1965, and the company now has sales of over €1 billion ($1.4 billion) and employs more than 3,000 people worldwide.

CEO Christian Holtmann says: “The committed efforts of various parties to invest in our business have proven that this is a well-managed, operationally strong business with a financially resilient business model.

“We will remain focused on our key strengths and deliver the high-quality films and superior technical support for which we are known to all our customers.”

The new shareholders are said to be fully supportive of the existing management team as they “continue to develop and strengthen the company by building on its leading global market positions”.




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