BPM Mezzanine Fund SICAV-SIF, SCA (BPM) has provided working capital financing and refinancing capital to Eskaro AS, a subsidiary of Eskaro Group AB (Eskaro). Eskaro is one of the leading paint producers in Estonia, Finland, Belarus, Russia and Ukraine. The company was established in Tallinn in 1993. Today, the company has production and commercial enterprises in 6 countries. Member of the Board of Eskaro Andres Assor commented: „This transaction is an important step forward for us providing financial stability and strength for further growth. Eskaro brands are among the most recognised and trusted by consumers in our key markets. Attracting a strong financial partner allows Eskaro to continue gaining the market share in the countries we operate.”
“Eskaro’s brands hold strong positions in the DIY segment in all of its key markets: Estonia, Russia, Ukraine and Belarus. The company has proven to be able to generate stable cash flows over a long period of time. The project has significant growth prospects and export potential matching the main objectives sought by BPM. The management team has extensive experience in the sector and a long career in the company,” said Priit Veering, Partner of BPM Capital.
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