Altor has agreed to back the buyout of Swedish paper business Payprus from existing parent Stora Enso. Göteborg-based Papyrus retains its management team and will pursue an acquisitive growth strategy following the deal. Handelsbanken is providing debt for the transaction.
Consortium of investors supporting the funding round includes existing and new backers
Vehicle is larger than its predecessor, Xenon Private Equity VI, a €184m fund closed in July 2014
GP intends to boost the company's organic growth and further strengthen its market position
Acquisition of the family-owned company adds to the GP's industrial portfolio