Advised on a capital increaseMaterials, Chemicals & Mining
Incorporated as new Shareholder
In order to exploit the outstanding growth opportunities in the wider European corrugated sheet boards market, Progroup AG is undertaking a significant capital investment in both a second, much larger (10 m trim width) paper machine as well as a new Polish sheet feeder plant. A financing consortium led by reputated German banks provided senior and mezzanine of €627 million.
Europe’s largest and most efficient independent producer of corrugated sheet boards.
One of Germany’s largest PE’s that is long-term oriented.
IMAP realized the transaction within 11 weeks, advised the buyer and therewith set the cornerstone for the whole financing package.