PCP III has provided a seven year subordinated loan to partially fund Kaefer Isoliertechnik GmBH’s acquisition of the Brazilian company RIP Servicos Industriais Ltda (“RIP”) from ThyssenKrupp.
Kaefer is a privately held worldwide leading provider of integrated services and solutions with a focus on Insulation, Access and Surface Protection. With a turnover of around EUR 1.5 billion and headquarter in Bremen, Germany, Kaefer has operations in over 50 countries and a workforce of 26,000.
Through the acquisition, Kaefer will expand geographically on the long-term highly attractive Brazilian market, adding scale to its existing South American operations.
With a strong market position, committed long-term focused owners and operating in an attractive segment of the industrial services sector, P Capital Partners believes that Kaefer is well positioned to continue to grow through its strong proposition and efficient operations. We are looking forward to working closely together with management to support the continued development of the business.