H.I.G. Funds Sells RGIB’s Lavatory Home furniture Division to Roca | Small business & Finance

MADRID–(Company WIRE)–Jan 20, 2021–

H.I.G. Capital, (“H.I.G.”), a major international non-public fairness investment decision company with about €35 billion of fairness money below administration, and the Royo family have entered into an arrangement to offer the lavatory household furniture division of RG Worldwide Toilet (“RGIB or the “Company”) to Roca Sanitario, S.A. The Royo loved ones will retain a minority stake in the division. The two H.I.G. and the Royo family will keep on as shareholders of the shower tray small business of RGIB, working beneath the Fiora brand.

H.I.G. partnered with the Royo family members in December 2016 and has accomplished a quantity of essential milestones, which includes:

  • Establishing a new factory and manufacturer in Poland (Maximus) that contributed to strengthening the main situation that RGIB previously experienced in the Polish market place beneath the Elita brand
  • Coming into new segments, channels and international locations 1 of the most related achievements was the entry into the Do it yourself channel in Germany exactly where RGIB is now a leading player
  • Consolidating RGIB’s top place in Spain and France, the place the group has developed its distribution network to a lot more than 5,000 points of sale
  • Launching Amizuva, an exclusive manufacturer that targets the on-line channel
  • Growing RGIB´s revenues by around 50%

The Royo loved ones and H.I.G. will retain possession of Fiora and will go on to bolster the Firm’s innovation, structure and solution improvement abilities in order to consolidate Flora’s top posture in the European premium shower trays phase. The shareholders will also aim on even further increasing Fiora’s worldwide footprint beyond the 30 nations around the world wherever it is now existing by its common distribution network and its client assistance team.

Raul Royo, CEO of RGIB, mentioned: “We would like to thank H.I.G. for their support about the earlier four yrs, which has authorized us to bolster our top position in Europe. The arrangement with Roca, a global chief in the lavatory sector, will aid us enrich our state-of-the-artwork business enterprise, with virtually 150 many years of mixed expertise in the sector among the two family members.”

Jaime Bergel, Taking care of Director of H.I.G. Spain commented: “We are pretty delighted with the results of this investment, which proves our capabilities in the Spanish market place. Alongside one another with the Royo loved ones, we have positioned RGIB as 1 of the leading providers in the rest room sector in Europe, and we will keep on supporting Fiora to consolidate its management in the European market.”

The offer is matter to approval by antitrust authorities in some European markets.

RG Global Lavatory, launched extra than 45 years ago by Pascual Royo, is a single of Europe’s top brands of toilet solutions, largely concentrated on home furnishings and resin shower trays. The team has factories in Valencia, Nájera and Poland and operates on 5 continents underneath the manufacturers Royo, Elita, Maximus and Fiora. RGIB has an yearly turnover of additional than €110 million and employs additional than 1,000 specialists.

Roca Sanitario is focused to the style and design, generation and marketing of rest room products and solutions, as properly as ceramic ground and wall tiles for architecture, construction and interior style and design. The relatives-owned Spanish team is the market place leader in Europe, Latin The us, India and Russia. It also has a solid existence in China and the relaxation of Asia, the Center East, Australia and Africa. It is the global chief in the discipline.

H.I.G. is a leading international non-public equity and option property financial commitment agency with around €35 billion of equity cash less than management.* Dependent in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as global affiliate offices in London, Hamburg, Madrid, Milan, Paris, Rio de Janeiro, São Paulo and Bogotá, H.I.G. specializes in providing both equally personal debt and fairness money to small and mid-sized organizations, making use of a adaptable and operationally centered/worth-included technique:



H.I.G.’s equity cash invest in administration buyouts, recapitalizations and company carve-outs of the two successful as nicely as underperforming producing and services corporations.






H.I.G.’s financial debt funds invest in senior, unitranche and junior credit card debt funding to corporations throughout the sizing spectrum, the two on a main (immediate origination) basis, as perfectly as in the secondary marketplaces. H.I.G. is also a top CLO supervisor, via its WhiteHorse relatives of automobiles, and manages a publicly traded BDC, WhiteHorse Finance.






H.I.G.’s serious estate money commit in price-extra homes, which can advantage from enhanced asset management practices.

Considering the fact that its founding in 1993, H.I.G. has invested in and managed extra than 300 corporations worldwide. The firm’s latest portfolio features far more than 100 corporations with blended sales in excess of €27 billion. For extra details, please refer to the H.I.G. web page at www.higcapital.com.

* Based on full commitments managed by H.I.G. Capital and affiliate marketers.


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PUB: 01/20/2021 08:20 AM/DISC: 01/20/2021 08:20 AM

Copyright Enterprise Wire 2021.