VLET Holdings S. a. r. l., a subsidiary of the Abris CEE Mid-Market III LP Fund managed by Abris Capital Partners Ltd. in close cooperation with Velvet CARE Board, signed a preliminary agreement with AVALLON Fund to acquire a majority equity stake in Velvet CARE Sp. z o. o.
Abris Capital Partners is an independent private equity fund which invests in Central & Eastern Europe. Abris manages the capital commitments of many prestigious, international institutional investors including university endowment funds, pension funds, insurance companies and private asset managers.
The key assumption of Abris's strategy is to create Polish and regional champions in their industries from companies that will reach their wings. These are also the ambitions for Velvet Care. The goal is to become a leader in the Central and Eastern Europe within a few years and to accelerate their already very dynamic growth thanks to the continuation of the Velvet Care management strategy and cooperation with a new partner.
Key Pöyry experts involved in the Abris Capital acquisition of the Polish tissue company Velvet Care
We hear from Pirkko Petäjä and Mikko Helin.
Pöyry Management Consulting played an important role when Abris Capital Partners acquired majority stake in Velvet Care. Pöyry’s work included a Commercial Due Diligence assessment of Velvet’s business and business plan. Another important part was an assessment of the on-going major investment project. An independent valuation appraisal of the Target was also included.
Pöyry’s tissue business experts, Pirkko Petäjä and Mikko Helin with their team conducted the assignment end 2017- early 2018, providing support for the Abris team throughout the process.
We at Pöyry considered Velvet Care as the single best opportunity available for the Central Eastern European tissue consolidation where Abris already was a player through its tissue ownership in Romania. Velvet is starting a new large tissue machine and is in excellent position through its leading brands in the region.
Pöyry has a solid industrial logic based on in-depth understanding of both business and technical perspectives of tissue and hygiene operations. As a pulp, paper, packaging and tissue/hygiene focused consultancy, Pöyry has continuously assignments providing views on key trends and issues in Europe and globally. Pöyry also has proven capabilities in due diligence analysis, with relevant tools, processes and framework thanks to continuous cooperation with a large number of industrial and financial sector clients.
Pöyry has worked in a role of board-level adviser for many of the leading tissue companies and has also been involved in a number of strategic acquisitions in the European tissue industry.
In addition to forest-based industries, Pöyry also has industry specific expertise in energy and infrastructure businesses.
