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Praedium negotiates with investors for Montefibre

Praedium negocia entrada de inversores para Montefibre

Intel ID : 233691
Synopsis

Praedium, a Spanish private equity firm, is studying the possibility of having new investing partners to reactivate Montefibre, as published by website Modaes.es on 8 February 2016.

The investment group is negotiating with potential companies and individuals interested in becoming shareholders of Montefibre, which has been inactive for almost three years.

Specifically, Praedium aims to resume operations in the fiber factory in less than two months.

In May 2015, the investment group acquired Montefibre, after a creditors' agreement through which the company abandoned its bankruptcy situation. (See related transaction)
(content in spanish)

Praedium, firma de private equity española, está estudiando la posibilidad de negociar la entrada de más inversores para la reapertura de Montefibre, según ha informado el portal Modaes.es el 8 de febrero de 2016.

El grupo inversor está en conversaciones con posibles empresas y personas interesadas en entrar en el capital de la empresa de hilatura Montefibre, la cual se encuentra fuera de operaciones desde hace casi tres años.

En concreto, Praedium contempla poder reanudar la actividad de las instalaciones en menos de dos meses.

En mayo de 2015, el grupo inversor cerró la compra de Montefibre, después de aprobarse el convenio de acreedores con el que la empresa abandonó su situación concursal. (Ver transacción relacionada)

Private Equity (Seller)


Intel ID 233691
Value ND
Native Currency Euro (EUR)
Financial Data - Montefibre Hispania
(31 Dec 2018)
Revenue: EUR 66,90m
Net Debt: EUR 65,53m
People: 141
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Target

Name
potential
Subsector (Old TTR Sectors)
Industry / Fashion and Textile (Primary)
Primary Sector (TTRSC)
55.06.04 Synthetic Textiles
55 Raw Materials & Natural Resources / 55.06 Textiles, Fibers & Related Materials

Secondary Sectors (TTRSC)
55.02.02 Industrial Chemicals & Gases
55 Raw Materials & Natural Resources / 55.02 Chemicals

Country
Website
Description

Private Equity (Seller)

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.09 Private Equity
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

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.