KKR PRESS RELEASEKKR Asset Management toProvide Debt Financing toUralita, a Leading MultinationalManufacturer of BuildingM...
LONDON--(BUSINESS WIRE)-- KKR Asset Management ("KAM") a leading sub-investment grade manager that is wholly-owned by Kohl...
Mubashir Mukadam, KKRs European Head of Special Situations, added, "amidst thecurrent dislocation in the European markets,...
KKR has a long established history of successfully partnering with companies andshareholders in Europe, having made its fi...
About Uralita:Uralita is a multinational company of building materials oriented towardssustainability, either through the ...
KKRAmericasKristi Hullerkristi.huller@kkr.com+1 212-230-9722 / +1 917-940-1233orEuropeLudo Bammensludo.bammens@kkr.com+44 ...
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KKR Asset Management to Provide Debt Financing to Uralita, A Leading Multinational Manufacturer of Building Materials, Headquartered in Spain

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KKR was founded by cousins Henry Kravis and George R Roberts. It was just announced that the Asset Management will provide debt financing to Uralita, which is a leading multinational manufacturer of Building Materials, headquartered in Spain.

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KKR Asset Management to Provide Debt Financing to Uralita, A Leading Multinational Manufacturer of Building Materials, Headquartered in Spain

  1. 1. KKR PRESS RELEASEKKR Asset Management toProvide Debt Financing toUralita, a Leading MultinationalManufacturer of BuildingMaterials, Headquartered inSpain
  2. 2. LONDON--(BUSINESS WIRE)-- KKR Asset Management ("KAM") a leading sub-investment grade manager that is wholly-owned by Kohlberg Kravis Roberts & Co.L.P. (together with its affiliates, "KKR"), today announced that KKR has entered intoan agreement with Uralita S.A., and its subsidiary, URSA Insulation, to provide a€320 million seven-year facility to repay current lenders — both banks andnoteholders — and to develop URSA´s pan-European insulation business. Theinvestment has been made through investment funds managed by KAMs SpecialSituations business.Uralita (BME: URA) is a multinational company of building materials, and itsinsulation division, URSA, is a leading European company in the field of thermal andacoustic insulation in buildings. As a leading independent building insulationmanufacturer offering a European-wide industrial and commercial footprint, URSA isbelieved to be well positioned for the growth potential in the insulation market inEurope, based on necessary energy efficiency improvements in the building stockover the next decades. Currently, URSA operates 14 factories located in Belgium,France, Germany, Italy, Poland, Russia, Slovenia, Spain and Turkey.Jesus Olmos, Member of the firm and in charge of KKRs Spanish operations, said,"we are very excited about the opportunity to support Uralita, which is a market-leading company with a strong international position and growth potential,headquartered in Spain. We are looking forward to building a long term relationshipwith Uralita."
  3. 3. Mubashir Mukadam, KKRs European Head of Special Situations, added, "amidst thecurrent dislocation in the European markets, we are in a position to make attractiveinvestments in world class enterprises, providing vital capital solutions to thecompanies with which we partner and interesting opportunities for our investors .With this investment, we combined the strength of our European-based SpecialSituation team, the local knowledge of our Spanish KKR team, and the deep sectorexpertise of the firm, resulting in us being able to act on a great opportunity to workwith a great company."Lazard has acted as financial advisor for KKR in this process.About KKR:Founded in 1976 and led by Henry Kravis and George Roberts, KKR is a leadingglobal investment firm with $78.3 billion in assets under management as of March31, 2013. With offices around the world, KKR manages assets through a variety ofinvestment funds and accounts covering multiple asset classes. KKR seeks to createvalue by bringing operational expertise to its portfolio companies and through activeoversight and monitoring of its investments. KKR complements its investmentexpertise and strengthens interactions with fund investors through its clientrelationships and capital markets platform. KKR & Co. L.P. is publicly traded on theNew York Stock Exchange (NYSE: KKR), and "KKR," as used in this release,includes its subsidiaries, their managed investment funds and accounts, and/or theiraffiliated investment vehicles, as appropriate.
  4. 4. KKR has a long established history of successfully partnering with companies andshareholders in Europe, having made its first investment in Europe 17 years ago.KKR has invested over €800 million in Spain in the last two years. Of the more than80 portfolio companies, 17 have operations in Spain contributing to the social andbusiness fabric of the country, employing over 6,000 people. These companiesoperate in very different industries such as IT, energy, aerial, chemical, bio-medics,pharmaceutical, education, intellectual property and others. For additionalinformation, please visit KKRs website at www.kkr.com.About KKR Asset Management:Launched by KKR in 2004, KAM invests on behalf of its managed funds, clients andaccounts across long/short equities and the corporate credit spectrum, includingsecured credit, bank loans and high yield securities and alternative assets such asmezzanine financing, special situations investing and structured finance. With morethan 100 employees, including 50 investment professionals, KAMs investmentteams are closely aligned with KKRs wealth of private equity investment andindustry resources. KAM has $27.9 billion in assets under management as of March31, 2013. For additional information, please visit KKRs website at www.kkr.com.
  5. 5. About Uralita:Uralita is a multinational company of building materials oriented towardssustainability, either through the improvement of energy efficiency in buildings, orthrough efficient water management. The company is one of the key Europeanplayers in the Insulation business arena and it also holds leading positions in itsother businesses, mainly in the Iberian Peninsula: Gypsum, Pipes and Roof Tiles. Itcounts with 30 factories in 10 different countries and it is present in more than 25.URALITA counts with a premium level team of more than 2,700 employees.About URSA:URSA is the insulation division of Uralita. It is one of the leading Europeancompanies in the field of insulation and its main products are glass mineral wool andextruded polystyrene (XPS), covering all applications in the fields of thermal andacoustic insulation in buildings. This offer positions URSA in the forefront ofsustainable and energy efficient buildings. Currently, URSA operates 14 factorieslocated in Belgium, France, Germany, Italy, Poland, Russia, Slovenia, Spain andTurkey.
  6. 6. KKRAmericasKristi Hullerkristi.huller@kkr.com+1 212-230-9722 / +1 917-940-1233orEuropeLudo Bammensludo.bammens@kkr.com+44 (0)20 7104 2510 / +44 (0)7590 229 358orRLM FinsburyMichael Turner / Nina Suterkkr@rlmfinsbury.com+44 207 251 3801orEstudio de ComunicaciónJuan Antonio Francés Mondragónjafrances@estudiodecomunicacion.com+34 679 962 382Source: KKR Asset ManagementNews Provided by Acquire Media

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