Paddington Paper Holdings

Global leaders in the supply of premium kraft paper for the packaging of medical equipment and dye transfer printing.

Paddington Paper Holdings

Sector

Healthcare (medical paper) & Printing (dye sublimation)

Fund

Fund I

Investment Date

October 2021

Status

Realised July 2025

The Company

With sites across the UK and the Netherlands, Paddington Paper Holdings holds Inspirit's Fund I investments in specialty paper.

The Investment

Previously trading as BillerudKorsnäs Beetham Ltd (part of BillerudKorsnäs AB), Pelta Medical Papers was acquired by Inspirit through a complex corporate carve-out in October 2021. Subsequently, in November 2024 Inspirit acquired Coldenhove Paper BV from Mativ Holdings Inc. In July 2025, Pelta was acquired by Morfa Industrial Group and Coldenhove was sold to a consortium of private investors.

Key Contact

Arnie Birss

Arnie Birss

Investment Director

abirss@inspiritcap.com

Arnie joined Inspirit Capital in 2023 from William Blair’s Services & Industrials Investment Banking team, where he advised on several successful buyside and sellside M&A transactions.

 

Prior to this experience, he worked in KPMG’s Transaction Services group, having initially qualified as a management accountant (CIMA) while working in KPMG’s Management Consulting group.

 

Arnie holds an undergraduate degree in English Literature from the University of St Andrews.

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