KKR provides debt financing to Spain’s Uralita

The financing will fund the international expansion of Ursa Insulation, the insulation subsidiary of Uralita, and help repay the subsidiary's lenders.

The investment was completed through funds managed by KKR Asset Management's special situations division.

Uralita is a multinational building materials firm that focuses on sustainability and energy efficiency. The firm has 30 factories in 10 countries and employs in excess of 2,700 staff.

Ursa is the insulation division of Uralita. Its core products are glass mineral wool and extruded polystyrene for application in thermal and acoustic insulation. The division has 14 factories located in Belgium, France, Germany, Italy, Poland, Russia, Slovenia, Spain and Turkey.

Jesus Olmos is in charge of KKR's Spanish operations and worked on the transaction with Mubashir Mukadam, KKR's European head of special situations.

Lazard provided financial advice to KKR. 

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