Royo Group, S.L. has sold a 55% stake to H.I.G. Capital
The Royo family has sold a 55% sake in Royo Group S.L. to H.I.G Capital. Royo Group will be the platform to spearhead growth through acquisitions and become a major player in the consolidation of the European sector. Financial details have not been disclosed.
Royo Group, a multinational specializing in bathroom furnishings and appliances (hydro massage baths, shower columns and trays), is considered the third largest bathroom furniture company in Europe and the leader in Spain. The company has 650 employees with factories in Valencia (Spain), Sztum (Poland) and Mexico City (Mexico).
H.I.G. Capital is a leading global private equity and alternative assets investment firm based in the USA. It specializes in providing both debt and equity capital to small and mid-sized companies. The firm has over US$20 billion of equity capital under management.
Oaklins' team in Spain acted as advisor to the Royo family in the design, negotiation and execution of the transaction.
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