VLET Holdings S. a., L., A subsidiary of the Abris CEE Mid-Market III LP fund managed by Abris Capital Partners Ltd., has acquired the majority shares of Velvet Care Sp. z o. o. The transaction has been also approved by the Office of Competition and Consumer Protection (UOKiK).

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Abris Fund completes takeover of Polish tissue producer Velvet Care

VLET Holdings S. a., L., A subsidiary of the Abris CEE Mid-Market III LP fund managed by Abris Capital Partners Ltd., has acquired the majority shares of Velvet Care Sp. z o. o. The transaction has been also approved by the Office of Competition and Consumer Protection (UOKiK), as the company said in the press release received by Lesprom Network.

"We are pleased that from the moment of signing the contract, we have managed to successfully close the acquisition of Velvet Care in less than three months. Our approach to this investment is consistent with our long-term investment strategy - make Velvet Care a leading player in Central Europe. We are convinced that together with such an experienced team as Velvet Care has, we will achieve this goal in a few years," says Paweł Gieryński, Managing Partner at Abris Capital Partners.


Velvet Care is a leading Polish manufacturer of cellulose hygiene products (such as tissues, toilet paper, paper kitchen towels).