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 technology.

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.

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