ABN AMRO Capital completes management buy-out of Loparex Group
ABN AMRO Capital has today completed its EUR 230 million management buy-out of the Loparex Group, the leading international producer of release liners for adhesive products, from Finnish listed paper and packaging group UPM-Kymmene.
This is ABN AMRO Capital’s third acquisition this year in the Nordic region and the eighth transaction across Europe.
Johan Bjurstrom, Executive Director for the Nordic operation of ABN AMRO Capital said:
“We expect Loparex to further strengthen its market position and accelerate growth of both revenue and earnings. ABN AMRO Capital will support Loparex with capital, our international networks, and advice that can help advance the company’s development.”
Loparex has a 21% share of the global release liner market. It has strong positions in North America and Europe and a growing market share in Asia, with operations in India and China.
The company offers the widest range of available technologies and concentrates on developing high quality release liners for the graphic arts, label, medical, hygiene, tape and industrial segments. 2004 turnover for Loparex Group was EUR 337 million.
Pentti Kallio has been appointed as the new Loparex Group President & CEO. The Head Office will be located in Apeldoorn, the Netherlands.
ABN AMRO Capital will hold a controlling stake in Loparex with the operative management holding 8% of the share capital. Sampo Bank provided the senior debt for the transaction.
Since the beginning of 2005, ABN AMRO Capital has completed 8 buy-outs in Europe with an aggregate deal value of EUR 1.7 billion and has realized 5 exits.
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ABN AMRO Capital
Katja Margell +46 8 5723 5130
Mark Bennewith+44 20 7678 8270
Notes to Editors:
Financial Deloitte & Touche
Legal Borenius & Kemppinen
Commercial Arthur D Little
Corporate Finance Scan Securities
ABN AMRO Capital
ABN AMRO Capital is the global private equity business of ABN AMRO, with teams operating in 7 countries worldwide including the Netherlands, UK, France, Spain, Italy, Sweden and Australia. Total funds under management (as at end Jun 05) by ABN AMRO Capital are EUR 2.3 bln, of which EUR 100 mln of capital is provided by international investors in ABN AMRO Capital managed funds in the UK and France. Since the beginning of 2005, ABN AMRO Capital has completed 8 buy-outs with an aggregate deal value of EUR 1.7 bln (aggregate ABN AMRO Capital equity investment of EUR 490 mln) and has realized 5 exits.
Netherlands-based ABN AMRO is a leading international bank with total assets of EUR 855.7 bln (as at 30 June 2005). It has over 3,000 branches in more than 60 countries and territories, and has a staff of about 98,000 full-time equivalents worldwide. ABN AMRO is listed on the Euronext and New York stock exchanges.
ABN AMRO operates through three Strategic Business Units, each responsible for managing a distinct client segment. Wholesale Clients provides integrated corporate and investment banking services to corporate, institutional and public sector clients worldwide. Consumer & Commercial Clients focuses on retail and SME clients in three home markets – the Netherlands, the US Midwest and Brazil and in a number of selected growth markets. Private Clients & Asset Management provides private banking services to wealthy clients and investment products to financial intermediaries and institutional clients. More information can be found at www.abnamro.com
or on Wholesale Clients at www.wholesale.abnamro.com