Radar > 239346

Cofides finances international expansion of Procubitos

Cofides financia expansión internacional de Procubitos

Intel ID : 239346
Synopsis

Cofides, a Spain-based state-owned mercantile company, financed Procubitos, a Spain-based ice cube manufacturer, acquire a Germany-based company, announced Cofides in a press release issued on 3 August 2016.

Cofides will provide a co-investment loan of approximately EUR 2.8 m, covered by the fund for foreign investment operations of small and medium enterprises (FONPYME).

The company will use the financing to acquire a Germany-based ice manufacturer, aiming to strengthen its position in the country and expand its business possibilities.
(content in spanish)

Cofides, sociedad mercantil estatal española, ha financiado a la española Procubitos, dedicada a la fabricación de hielo alimentario, con el objetivo de adquirir una empresa alemana, según ha anunciado la propia Cofides en un comunicado de prensa publicado el 3 de agosto de 2016.

Cofides concederá un préstamo de coinversión de aproximadamente EUR 2,8m, con cargo al Fondo de Operaciones de Inversión en el Exterior de la Pequeña y Mediana Empresa (FONPYME).

La empresa destinará esta financiación para adquirir una empresa de fabricación de cubitos de hielo con sede en Alemania, con el fin de afianzarse en el país y ampliar sus posibilidades de negocio.

Relevant Documents

Target

Financing Bank


Intel ID 239346
Value ND
Native Currency Euro (EUR)
Financial Data - Procubitos
(31 Dec 2019)
Revenue: EUR 4,45m
EBITDA: EUR 0,15m
Net Debt: EUR 8,20m
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Target

Name
verified
Subsector (Old TTR Sectors)
Industry / Other Consumer Goods (Primary)
Primary Sector (TTRSC)
10.01.03 Distributors & Wholesalers (B2B)
10 Business Services / 10.01 Business & Professional Support Services

Country
Website
Description

Financing Bank

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.04 Consumer Finance
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

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.