Private equity fund Special Situations Venture Partners III (SSVP) is the new majority owner of Nordic Paper.
Special Situations Venture Partners III (SSVP), a private equity fund advised by Orlando Management AG, has acquired 60 % of the shares of Nordic Paper. Current owner Petek GmbH, who has been a shareholder of the company for the last ten years, keeps a share of 40 percent.
The change in ownership will not involve any structural changes for Nordic Paper's operations, Nordic Paper informed in a press release. In connection with the sale, Jan Runo will retire as CEO of Nordic Paper. The new CEO Per Bjurbom has worked for over 25 years in the Scandinavian pulp and paper industry, holding senior positions at BillerudKorsnäs and Stora Enso, among others.