KAMA Acquisition, Valuation, Funding & Investors

KAMA was acquired by SVEZA for $515M in August 2024, a 2.0x multiple on $259M of revenue.

See full KAMA profile

KAMA acquisition price

$515M

Acquired by SVEZA · Aug 2024

KAMA revenue at acquisition

$259M

Last twelve months · Aug 2024

KAMA revenue multiple at acquisition

2.0x

EV/Revenue · Aug 2024

Cumulative funding KAMA raised

$21M

across 1 funding round

KAMA Overview

About KAMA

KAMA is a Polish paper mill in Kętrzyn producing lightweight coated wood-containing paper and folding boxboard for magazines and packaging. Part of the Cellulose Bogdaniec Group, the facility supplies LWC grades to publishers in Europe and FBB to food packaging converters with annual capacity exceeding 200,000 tons.


Founded

2016

HQ

RussiaPerm

Status

Acquired

Customer focus

B2B

Revenue model

Product sales

Revenue

$259M (Aug 2024)

Valuation

$21M (Jun 2024)

KAMA Acquisition

KAMA was acquired by SVEZA for $515M on 5 August 2024.

The acquisition price implies a 2.0x revenue multiple on $259M of revenue.

Before the acquisition KAMA had raised $21M across 1 funding round.

Sveza, the world's largest birch-plywood producer, controlled by Alexey Mordashov, signed an agreement in early August 2024 to buy 100% of OOO Kama, the operator of the Kama pulp and paper mill in Krasnokamsk, Perm Krai, from Augment Investments, a vehicle linked to Pharmstandard co-owner Viktor Kharitonin. Kama is Russia's first producer of light-weight coated paper and its only maker of coated folding boxboard, with capacity of about 220,000 tonnes of board and 85,000 tonnes of paper a year. The parties did not disclose the terms; Kommersant's sources put the price at RUB 47 billion, about 30% more than the RUB 36 billion Kharitonin's structure paid for the mill in February 2023. OOO Kama had 2023 revenue of RUB 23.6 billion and a net loss of RUB 286.5 million. Sveza said the purchase diversifies it into pulp and paper, and the deal closed after clearance by the Federal Antimonopoly Service in September 2024.

KAMA acquisition details
AcquirerDateTypePriceEV/Revenue
  • SVEZA
5 Aug 2024Strategic M&A$515M2.0x

Sources: kommersant.ru, dp.ru

KAMA Valuation

KAMA is currently valued at $21M, based on its strategic investment round in June 2024. Read the announcement ↗

The $21M round was led by Russian Direct Investment Fund.

KAMA valuation by funding round

KAMA valuation by funding round
DateStageValuation
Jun 2024Strategic investment$21M

KAMA Funding History

KAMA has raised a total of $21M across 1 funding round.

KAMA funding rounds

KAMA funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2024Strategic investmentRussian Direct Investment Fund (lead)$21M$21MThe Russian Direct Investment Fund announced an investment of RUB 2 billion in JSC Kama, developer of the Atom electric car. The funding will support production of what is described as Russia's first fully domestic EV platform.

Who has invested in KAMA?

1 investor has backed KAMA across its funding rounds, including Russian Direct Investment Fund.

Lead investors include Russian Direct Investment Fund.


KAMA Investors

Investors in KAMA by funding rounds participated
InvestorHQRoundsRoleFirst check

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KAMA Competitors

KAMA competitors include listed companies like Clearwater Paper, Cascades, Simona and Suzano Holding, and private ones like PhaBuilder and Viscount Reuse.

Public and private companies comparable to KAMA
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Clearwater PaperUnited StatesUnited StatesPublicly listed$1.6B$47M$339M0.4x
CascadesCanadaCanadaPublicly listed$3.4B$383M$1.2B0.7x
SimonaGermanyGermanyPublicly listed$671M$68M$515M0.8x
Suzano HoldingBrazilBrazilPublicly listed$9.7B$6.9B$514M-
PhaBuilderChinaBeijingPrivate--$287M-
Viscount ReuseAustraliaMelbournePrivate--$246M-

KAMA Public Comps

KAMA is no longer listed, but its public comps include Simona, Suzano Holding, Sappi, Bewi, Vetropack Holding, Norske Skog, Wisynco Group, Miquel y Costas, Rayonier Adv Materials and KPP Group Holdings.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Simona$671M$68M0.9x0.8x8.5x7.7x
Suzano Holding$9.7B$6.9B0.1x-0.2x-
Sappi$5.4B$317M0.5x0.5x8.0x13.8x
Bewi$917M$75M1.1x1.0x13.5x8.7x
Vetropack Holding$948M$128M0.7x0.7x5.3x5.1x
Norske Skog$1B$119M0.9x0.8x8.0x8.3x
Wisynco Group$415M$51M1.2x-9.5x-
Miquel y Costas$361M$90M1.6x-6.5x-

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Common questions about KAMA

When was KAMA founded?KAMA was founded in 2016.
Where is KAMA headquartered?KAMA is headquartered in Perm, Russia.
Is KAMA publicly listed?No, KAMA was acquired by SVEZA in August 2024.
Who acquired KAMA?KAMA was acquired by SVEZA in August 2024.
How much was KAMA acquired for?KAMA was acquired for $515M in August 2024, a 2.0x revenue multiple.
What is KAMA's valuation?KAMA was last valued at $21M in its strategic investment round in June 2024.
How much funding has KAMA raised?KAMA has raised $21M across 1 funding round.
What was KAMA's last funding round?KAMA's last funding round was a $21M strategic investment round in June 2024, led by Russian Direct Investment Fund.
Who are KAMA's investors?KAMA's investors include Russian Direct Investment Fund.
Which companies are comparable to KAMA?Companies comparable to KAMA include Clearwater Paper, Cascades, Simona, Suzano Holding, PhaBuilder and Viscount Reuse.

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