Leveraged buyout will support Kalle’s expansion

The acquisition of long-standing NIBC client Kalle by US investment house Clayton, Dubilier & Rice (CD&R) is a significant step towards continuing the regional expansion of Kalle’s business and investment in innovations. NIBC acted as mandated lead arranger of the senior financing for the leveraged buyout.

German-based Kalle is one of the world’s leading manufacturers of artificial sausage casings. It has operations in nine countries and supplies customers in 100 countries. Kalle is a truly global player with strong positions in Western Europe and North America, complemented by its presence in Eastern Europe and South America. New owner CD&R will continue to grow the business, especially in the US, as well as expanding the value-added casings portfolio.

Kalle has been a client of NIBC Bank Germany since 1998. We also supported its previous buyout by Silverfleet Capital in 2009. Thanks to our ongoing close relationship with Kalle’s management team, and in-depth sector knowledge, we were chosen to co-lead this latest transaction and will continue to support the new owner in future.