A significant minority stake in Cezar has been acquired by Kerten Capital for an undisclosed amount. The transaction has been used to increase Cezar’s working capital. The company also appointed a partner to Cezar’s supervisory board and a new finance director to the management board.
Cezar Sp.z.o.o. (www.cezar.pl)
Cezar is located in Bialystok, Poland with revenues reaching nearly USD $30.5 million. The majority share of the company is controlled by the Heidelberger Drukmaschinen AG group, which provides solutions for 40 percent of the world’s printing and packaging industry.
Cezar is the only major supplier of wet-glue labels and set-up boxes for the Polish prints industry. It is also one of the largest European providers of in-mould labelling and a leading manufacturer of greeting cards. The company is also one of the few printers using advanced UV technology.
Kerten Capital (www.kerten.com)
Kerten Capital is a private investment organization established in Dublin, Ireland. The company manages private equity wealth funds investing in countries in Central and Eastern Europe. With offices in Warsaw, Bucharest and Istanbul, the firm is growing its interest in the emerging marketplace.
31/05/2007
Central & Eastern Europe, Investment, Paper & Packaging, Poland, Private Equity News