Xella International GmbH signed an agreement to acquire URSA Insulation, S.A. from KKR Credit Advisors (US) LLC and other shareholders on August 7, 2017. Once the purchase is completed, URSA will continue its successful growth path under the umbrella of the Xella Group, as an independent business. URSA has a turnover of approximately €450 million. The completion of the transaction is subject to the approval of the competition authorities. As of October 5, 2017, the deal stands approved by the European Commission. The transaction is expected to be closed by the end of 2017. Lazard & Co., Limited acted as a financial advisor to KKR Credit Advisors. George Knighton, Chloe Bowskill, Alix van der Wielen, Inigo del Val, Patricio Morenes, Victoria Truchuelo, Ignacio Ruiz-Camara Nuria Ferre, Jesus Miralles de Imperial, Luis Maiz, Romy Richter, Juliette Neiman, Julie Poincheval, Alexandre Fall, Roxane Hicheri, Florent Belin and Olivier Picquerey, Markus Kaepplinger, Udo Olgemoeller, Sebastian Schlutz and Roman Kaste, Daniel Gillet, Nael El Barkani, Bart Franceus, Brechy Debruyn, Jeff Hermans, Alexandre Holvoet, Paolo Nastasi and Gill Mazzoleni, Bulat Zhambalnimbuev, Ekaterina Pimonova, Nikita Tolkachev, Marcin Czaprowski, Matthew Townsend, Iyesogie Igiehon and James Burton of Allen & Overy acted as legal advisors for Xella International GmbH. DLA Piper acted as legal advisor to KKR Credit Advisors. Xella International GmbH completed the acquisition of URSA Insulation, S.A. from KKR Credit Advisors (US) LLC and other shareholders in October 2017.