Ketler & Partners, a member of Karanovic, has advised KraftPal Group on its EUR 122.9 million equity investment from Pasaca Capital. Reportedly, UK-based Ignition Law, Austria-based Herbst Kinsky, and Finland-based Lexia advised KraftPal Group as well, with Novak Law Firm and Jerovsek Malis advising minority owners.
Primarily focused on equity investments, Pasaca targets innovative technologies and products and helps them with increasing commercial values. Pasaca currently has offices in the US, Hong Kong, Singapore, mainland China, and Europe.
KraftPal is a manufacturer of corrugated cardboard pallet units that meet industry standards of legacy wooden pallets.
Karanovic & Partners did not reply to our inquiry on the matter.