H.I.G. Funds Sells RGIB’s Lavatory Furnishings Division to Roca | Business & Finance
MADRID–(Enterprise WIRE)–Jan 20, 2021–
H.I.G. Money, (“H.I.G.”), a main global non-public equity financial investment firm with over €35 billion of fairness funds below management, and the Royo loved ones have entered into an agreement to promote the rest room household furniture division of RG International Lavatory (“RGIB or the “Company”) to Roca Sanitario, S.A. The Royo family will keep a minority stake in the division. Both H.I.G. and the Royo household will proceed as shareholders of the shower tray company of RGIB, running underneath the Fiora brand name.
H.I.G. partnered with the Royo relatives in December 2016 and has reached a quantity of vital milestones, including:
- Acquiring a new factory and brand name in Poland (Maximus) that contributed to strengthening the primary situation that RGIB presently experienced in the Polish industry beneath the Elita manufacturer
- Coming into new segments, channels and nations around the world 1 of the most applicable achievements was the entry into the Do-it-yourself channel in Germany where RGIB is now a top player
- Consolidating RGIB’s major position in Spain and France, where the team has developed its distribution network to much more than 5,000 points of sale
- Launching Amizuva, an unique model that targets the online channel
- Expanding RGIB´s revenues by in excess of 50%
The Royo loved ones and H.I.G. will keep ownership of Fiora and will continue to reinforce the Firm’s innovation, style and design and product enhancement abilities in order to consolidate Flora’s foremost place in the European premium shower trays phase. The shareholders will also target on even more increasing Fiora’s international footprint beyond the 30 nations around the world in which it is at the moment present via its prevalent distribution community and its shopper support group.
Raul Royo, CEO of RGIB, stated: “We would like to thank H.I.G. for their support over the previous four years, which has allowed us to reinforce our leading place in Europe. The agreement with Roca, a world chief in the toilet sector, will assistance us boost our point out-of-the-artwork business enterprise, with nearly 150 yrs of put together working experience in the sector between the two families.”
Jaime Bergel, Controlling Director of H.I.G. Spain commented: “We are pretty delighted with the accomplishment of this financial commitment, which proves our abilities in the Spanish current market. Alongside one another with the Royo family members, we have positioned RGIB as one particular of the foremost corporations in the bathroom sector in Europe, and we will continue on supporting Fiora to consolidate its leadership in the European market.”
The deal is topic to approval by antitrust authorities in some European marketplaces.
RG Intercontinental Toilet, established extra than 45 a long time back by Pascual Royo, is one particular of Europe’s foremost producers of bathroom solutions, predominantly centered on furniture and resin shower trays. The team has factories in Valencia, Nájera and Poland and operates on five continents underneath the brands Royo, Elita, Maximus and Fiora. RGIB has an once-a-year turnover of far more than €110 million and employs much more than 1,000 professionals.
Roca Sanitario is focused to the style, output and marketing of rest room items, as very well as ceramic ground and wall tiles for architecture, development and inside design. The spouse and children-owned Spanish group is the sector chief in Europe, Latin The usa, India and Russia. It also has a sturdy presence in China and the rest of Asia, the Middle East, Australia and Africa. It is the international chief in the field.
H.I.G. is a foremost world wide personal equity and different property financial investment company with around €35 billion of equity money underneath administration.* Based in Miami, and with places of work in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as very well as global affiliate places of work in London, Hamburg, Madrid, Milan, Paris, Rio de Janeiro, São Paulo and Bogotá, H.I.G. specializes in furnishing equally credit card debt and equity capital to little and mid-sized businesses, making use of a versatile and operationally concentrated/benefit-included solution:
|
1. |
|
H.I.G.’s equity money spend in administration buyouts, recapitalizations and corporate carve-outs of the two rewarding as properly as underperforming producing and assistance organizations. |
|
|
|
|
|
2. |
|
H.I.G.’s financial debt funds spend in senior, unitranche and junior personal debt funding to providers throughout the sizing spectrum, equally on a main (immediate origination) basis, as very well as in the secondary marketplaces. H.I.G. is also a top CLO supervisor, via its WhiteHorse spouse and children of automobiles, and manages a publicly traded BDC, WhiteHorse Finance. |
|
|
|
|
|
3. |
|
H.I.G.’s serious estate resources invest in value-added properties, which can reward from improved asset administration procedures. |
Considering the fact that its founding in 1993, H.I.G. has invested in and managed extra than 300 providers globally. The firm’s present portfolio includes much more than 100 firms with merged product sales in excess of €27 billion. For more details, please refer to the H.I.G. web-site at www.higcapital.com.
* Based on whole commitments managed by H.I.G. Funds and affiliate marketers.
Key phrase: EUROPE SPAIN UNITED STATES NORTH The usa FLORIDA
Business Keyword: RETAIL ARCHITECTURE OTHER Expert Companies Manufacturing FINANCE OTHER Construction & Residence BANKING House Products Specialist Companies Building & House Internet marketing COMMUNICATIONS OTHER Manufacturing Inside Design
Copyright Enterprise Wire 2021.
PUB: 01/20/2021 08:20 AM/DISC: 01/20/2021 08:20 AM
Copyright Organization Wire 2021.