Kartesia is pleased to announce today that upon disposal of the company to a Swedish trade buyer, the Altercap funds were fully repaid at par of their investment into the 2nd lien issued by Vaasan.

Vaasan is the leading producer and distributor of fresh bread, bake-off, crispbread and other bakery products in Finland and the Baltic states, and became the #2 producer of bake-off products in the Nordics and the 2nd largest producer of crispbread in the World.  Main customers are large retail chains, convenience stores and restaurants/bakeries. The company enjoys leading market positions in each segment of the largely consolidated Nordic bread market.