|ARTICLES » 2015-06-09|
Irestal Group increases its equity by 40 million euros with investment from Black Toro Capital.
- The international investment fund BTC injects 10 million Euros into Irestal Group to drive its expansion plan
- The contribution of private funds will allow Irestal Group to significantly reduce its bank debt
Irestal Group, an industry leader in stainless steel with 20 subsidiaries and a presence in 12 countries, will increase its equity by 40 million Euros following the operation concluded with Black Toro Capital (BTC) that combines an additional liquidity provision to increase working capital and the purchase of its bank debt and its later conversion into a participative loan. The agreement will allow the company to significantly reduce its bank debt and will provide the company with greater resources to develop its strategic growth plan.
The goal of this five-year plan, which began in 2013, is to consolidate the company’s position in its business segment, strengthen the current European markets through high value-added products and enter into new markets with significant growth prospects.
The goal of Black Toro Capital, an international fund focused on mid-size companies, is to drive the expansion plan set out by Irestal Group for international markets, where Black Toro Capital has over fifteen years of experience.
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