KPS Capital Partners, LP (“KPS”) has signed a definitive agreement, through an affiliate, to sell Expera Specialty Solutions, LLC to Ahlstrom-Munksjö Oyj, of Finland, a global leader in fiber-based materials, for $615 million.

Printing Papers

KPS Capital Partners to sell Expera Specialty Solutions to Ahlstrom-Munksjö for $615 million

KPS Capital Partners, LP (“KPS”) has signed a definitive agreement, through an affiliate, to sell Expera Specialty Solutions, LLC (“Expera”) to Ahlstrom-Munksjö Oyj, of Finland, a global leader in fiber-based materials, for $615 million.

Raquel Palmer, a Partner of KPS, said, “The success of our investment in Expera demonstrates KPS’ ability to see value where others do not, to buy right and to make businesses better. KPS, in partnership with management, created one of the largest specialty paper companies in the world by successfully integrating the acquisition of two distinct businesses, achieving meaningful post-merger synergies, investing in new manufacturing capabilities, funding innovation, new product development and technology, and implementing a culture of continuous improvement. Expera is another example of KPS’ investment strategy achieving success across economic cycles, geographies and industries, and we take immense pride in the Company’s accomplishments.”

KPS thanks the United Steelworkers of America for its support in the creation and ultimate success of Expera.

Completion of the transaction, which is expected in the 2Q 2018, is subject to customary closing conditions and approvals.
Paul, Weiss, Rifkind, Wharton and Garrison LLP served as legal counsel and Deutsche Bank and Barclays served as financial advisors to KPS and Expera with respect to the transaction.

Expera is a leading North American manufacturer of specialty paper products for the industrial & technical, food, and pressure-sensitive release liner segments.