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KPS Capital Partners Sells Expera For $615mn

An affiliate of special situations manager KPS Capital Partners announced today that it has signed a definitive agreement to sell Expera Specialty Solutions, LLC to Ahlstrom-Munksjö Oyj, of Finland, a provider of fiber-based materials, for $615million.  KPS created Expera in June 2013 by completing two discrete and highly synergistic acquisitions: the technical and speciality paper businesses of Wausau Paper Corp. and Packaging Dynamics Corporation, respectively. KPS Partner Raquel Palmer said, “The success of our investment in Expera demonstrates KPS’ ability to see value where others do not, to buy right and to make businesses better.  KPS, in partnership with management, created one of the...