Kermel

Kermel is the leading European manufacturer of meta-aramid fibre for protective clothing and industrial applications.

The company targets three sectors that account for more than 90% of group sales: fire services, military & public order and industrials.

Kermel® Tech is used in a large variety of industrial applications where end users or intermediaries require long-lasting heat resistant materials. Here, the company concentrates on two main niche areas: hot gas filtration, which removes dust from smoke, and engine insulating papers, which prevent overheating.

VALUE CREATION

During the investment period, Kermel significantly increased its production capacity and the group successfully diversified into new segments and geographies.

THE EXIT

Equistone sold its Fund II investment in Kermel to Qualium Investissement.