Advised on a capital increase

Materials, Chemicals & Mining

BWK GmbH Unternehmensbeteiligungsgesellschaft

One of Germany’s largest PE’s Germany

Incorporated as new Shareholder

Progroup AG

Producer of corrugated sheet boards Germany

Advised Progroup AG on the incorporation of a new shareholder BWK GmbH

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.

Progroup AG, Offenbach, Germany

Europe’s largest and most efficient independent producer of corrugated sheet boards.

BWK GmbH Unternehmensbeteiligungsgesellschaft, Stuttgart, Germany

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.