Electra Partners today announces that it has invested €10.5 million (£9.1 million) in Kalle, the global manufacturer of artificial sausage casings and sponge cloths, to support the business's buy and build strategy.

Kalle was acquired by Silverfleet Capital in September 2009 for €212.5 million. A proportion of Silverfleet's investment has now been syndicated in order to broaden the investor base and provide increased firepower for Kalle's buy and build strategy.

Based in Germany, Kalle is a market leader in its segment of the resilient food sector and has a track record and future pipeline of product innovations. The firm offers a portfolio of high quality products, benefits from significant production efficiencies, and is well positioned to continue to outperform the market.

Rhian Davies, a Partner at Electra Partners, commented: "Kalle is a market leader in its field and we are delighted to be investing in this deal. This is another example of a defensive sector investment with strong upside potential for Electra"

Electra Partners refers to Electra Partners LLP acting on behalf of its client Electra Private Equity PLC ("Electra").

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