Global Investing Firm KKR Acquires 50% Stake in Välinge
Viken, SW, February 9,
2016—Global investor KKR has signed three agreements to acquire a combined 50% stake
in Välinge, founded and owned by the Pervan family.
Kkr will acquire the two 20% stakes
of Välinge's minority owners Kronospan and Swiss Krono Group, who will remain
major licensees of Välinge's technology, and the 10% stake held by the founder.
The partnership with KKR will
allow Välinge to invest in new technologies areas such as LVT flooring,
tool-less furniture assembly, digital micro 3D printing and wood powder
The Pervan family is partnering
with KKR to further grow Välinge into a world leading R&D and IP provider
in its respective business segments, leveraging KKR’s financial resources, its
international network and its longstanding expertise in the global industrial
sector. KKR has an extensive track record of partnering with entrepreneurs and
family-owned companies in Europe to deliver growth, international expansion,
and value creation including investments in Walgreens Boots Alliance, BMG,
WILD, Scout24, SoftwareONE, and Webhelp.