Kalle goes to Silverfleet

Private equity firm Silverfleet Capital, the former buyout arm of Prudential, has agreed to buy German sausage casings maker Kalle, in a €212.5m deal, from former owner Montagu Capital.

Montagu acquired Kalle in 2004 from CVC Partners making Silverfleet’s acquisition the third private equity firm to own the sausage maker.

A consortium led by Bank of Ireland and including Lloyds, NIBC, GE Capital, Rabobank and DZ Bank provided Silverfleet with €133m of debt.