Radar > 237570

Camisaria Colombo renegotiates BRL 1.5bn debt

Camisaria Colombo renegocia dívida de BRL 1,5bi

Intel ID : 237570
Synopsis

Camisaria Colombo, based in São Paulo and engaged in clothing retail, closed an out of court settlement to extend its debt to approximately BRL 1.5bn, as published by newspaper Estadão on 10 June 2016, citing one of Banco Brasil Plural's partner, Warley Pimentel.

According to the news, the company was able to meet with 60% of its creditors, avoiding judificial recovery.

Also according to the news, Banco Brasil Plural and by law firm Felsberg Advogados were the advisors in this negotiation. The bank will acquire the company, and will appoint the president and directors.
(content in portuguese)

A Camisaria Colombo, com sede São Paulo e que atua no segmento varejista de roupas, fechou um acordo extrajudicial para alongar sua dívida da de aproximadamente BRL 1,5bi, segundo publicou o Estadão em 10 de junho de 2016, citando um sócio do Banco Brasil Plural, Warley Pimentel.

De acordo com a publicação, a empresa conseguiu reunir 60% dos seus credores, evitando o pedido de recuperação judificial.

Ainda segundo a notícia, a negociação foi realizada com a assessoria do Banco Brasil Plural com escritório de advocacia Felsberg Advogados. O banco vai assumir a companhia, apontando executivos para a presidência e para as diretorias do negócio.

Target

Brazil

Advisors

retained
retained

Intel ID 237570
Value ND
Native Currency Brazilian Real (BRL)
Exchange Rate:
Financial Data - Camisaria Colombo
(31 Dec 2013)
Revenue: EUR 194,93m
Exchange Rate:
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Target

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Distribution and Retail (Primary)
Primary Sector (TTRSC)
15.05.03 Clothing, Apparel & Accessories Retail
15 Consumer Products & Services / 15.05 Distribution & Retail

Secondary Sectors (TTRSC)
10.01.03 Distributors & Wholesalers (B2B)
10 Business Services / 10.01 Business & Professional Support Services

10.01.09 Intellectual Property Management Services
10 Business Services / 10.01 Business & Professional Support Services

15.05.04 Computer & Electronics Retail
15 Consumer Products & Services / 15.05 Distribution & Retail

15.05.07 Eyewear & Optical Retail
15 Consumer Products & Services / 15.05 Distribution & Retail

15.08.02 Consumer Repair Services
15 Consumer Products & Services / 15.08 Personal & Household Services

15.10.05 Hospitality Services
15 Consumer Products & Services / 15.10 Travel, Hospitality & Leisure

25.01.04 Consumer Finance
25 Financial Services / 25.01 Banking & Investment

55.06.99 Other Textiles & Related Materials
55 Raw Materials & Natural Resources / 55.06 Textiles, Fibers & Related Materials

Country
Website
Description

Financial Advisory

Legal Advisory

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    
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Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.