Radar > 220872

Proa Capital, Springwater, Sandton Capital and Cristian Lay bid for Neoelectra's assets

Proa Capital, Springwater, Sandton Capital y Cristian Lay pujan por los activos de Neoelectra

Intel ID : 220872
Synopsis

Proa Capital, Springwater Capital, Sandton Capital Partners, as well as Spain-based Cristian Lay bid to acquire assets held by Spain-based Neoelectra, which is facing bankruptcy.

Initially the offers should be superior to the minimum sale price set by KPMG, EUR 8m, although not the payment method in cash, but all of them would ensure business continuity and jobs.
(content in spanish)

Las firmas ProA Capital, Springwater Capital y Sandton Capital Partners, así como el grupo industrial extremeño Cristian Lay pujarán por los activos de la empresa española Neoelectra, en proceso concursal.

En principio las ofertas serían superiores al precio de venta mínimo fijado por KPMG, que se sitúa en EUR 8m, aunque no el modo de pago en efectivo, pero todas ellas garantizarían la continuidad de la actividad y los puestos de trabajo.

Intel ID 220872
Value EUR 8,00m
Native Currency Euro (EUR)
Financial Data - ProA Capital
(31 Dec 2023)
Revenue: EUR 14,17m
EBITDA: EUR 0,25m
Net Debt: EUR 5,18m
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
Subsector (Old TTR Sectors)
Industry / Fashion and Textile (Primary)
Energy and Renewable Energies / Solar
Industry / Chemical and Chemical Materials
Primary Sector (TTRSC)
15.01.01 Accessories
15 Consumer Products & Services / 15.01 Apparel & Accessories

Secondary Sectors (TTRSC)
20.04.08 Solar Power
20 Energy & Utilities / 20.04 Renewable Energy

Country
Website
Description

Bidder

Name
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

Secondary Sectors (TTRSC)
25.01.10 Venture Capital
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Bidder

Name
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.01 Asset Management
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Bidder

Name
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

Seller

Name
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Biomass (Primary)
Energy and Renewable Energies / Electric
Primary Sector (TTRSC)
20.04.02 Biomass
20 Energy & Utilities / 20.04 Renewable Energy

Country
Website
Description

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    

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.