Electra Partners has invested €10.5m in Kalle, the global manufacturer of artificial sausage casings and sponge cloths that was acquired by Silverfleet Capital in 2009.
Silverfleet bought Kalle from Montagu in a €212.5m tertiary deal. Montagu had bought the business from CVC.
A proportion of Silverfleet’s investment has now been syndicated in order to broaden the investor base and provide increased firepower for Kalle’s buy-and-build strategy.
According to Electra, German-based Kalle is a market leader in its segment and is “well positioned” to continue outperforming the market.