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In August this year, Kartesia announced their investment in “Project Morel”, the acquisition and merger of Okechamp S.A. in Poland and Greenyard Prepared Foods in the Netherlands to form Okechamp Group. Kartesia committed a total of €78m debt and equity from its Kartesia Credit Opportunities Funds (KCO) IV & V. The capital injection was made with the aim of strengthening the group’s balance sheet, allowing it to pursue further organic and external growth and accelerate its international development. Headquartered in the Netherlands and Poland, Okechamp Group is Europe’s leading producer of highest quality preserved mushrooms with an annual production volume of over 115kt. The company operates a large mushroom farming unit in Poland and two mushroom processing units in Poland and the Netherlands, as well as distribution capabilities across more than 40 countries on six continents.

In December 2017, Kartesia employees voted to replace the year-end corporate gift with a donation to a project benefiting underprivileged children. Since then, we have donated to several non-profit organizations on an annual basis. In 2021, we donated to Etoiles du Sol, a French non-profit working for the benefit of underprivileged children in the North of Paris, mainly Saint Ouen. 

In 2021 the European CLO industry has been exceptionally busy, but is has also significantly developed in terms of ESG. Previously, we have witnessed the apparition of ESG negative screening provisions in EUR CLO new issuances and resets. While this year, we have seen managers introducing subjective ESG scoring across CLO portfolios as well as objective ESG reporting on CLO assets.

Since 2018, Kartesia, has committed to organizing an annual Volunteering Day that involves one of the offices joining forces with a local NGO or charity.

Kartesia, the European specialist provider of capital solutions for small and mid-sized companies, is pleased to announce it has provided a financing solution to support mid-market private equity firm Palatine Private Equity (“Palatine”) and its portfolio company, Leicester-based Construction Testing Solutions (“CTS” or “the Company”).  

We accelerated our engagement in Diversity & Inclusion at Kartesia 12 months ago, when we launched a D&I program, including the Kartesia For Women Initiative.