Web offset

Proventus Capital Partners has completed its takeover of Polestar, and is now officially the print group’s majority shareholder.

Swedish private equity fund Proventus Capital Partners is in the process of ‘taking control’ of Polestar, resulting in the exit of the print group’s former owner Sun Capital Partners.

Wyndeham Group owner Walstead Investments is prepared to launch a bid for Polestar if the opportunity arises, PrintWeek can reveal.

Polestar is attempting to reassure customers about its future after reports about its parlous financial position appeared in the national press over the weekend.

Polestar has brought in Deloitte to advise on a new financial structure for the group in the face of downgraded forecasts for the performance of the business.

Edwardthompson has invested more than £400,000 in a raft of new machinery and equipment upgrades to increase its short-run promotional games production by around 50%.

Cosmopolitan magazine has moved from web offset to gravure in its new midi-format, in a move that could have a far-reaching impact if the new size sets a publishing trend.

KBA’s latest quarterly results show more effects of its wide-ranging restructuring – the group is back in the black and more than 60% of sales now come from the packaging market.

Bertelsmann is to create Europe’s biggest printing group by putting all its print operations under one umbrella.

Polestar owner Sun Capital Partners has put a further £10m into the group by way of new equity.

Wyndeham Peterborough is capitalising on the buoyant market for children's magazines by printing a brand extension of kids’ TV show Hey Duggee, which hit the newsstands last week.

Polestar is parting company with a second main board director as the group moves to a de-centralised structure.