Recor has restructured its debt
April 2022 — Recor has raised funds and completed a restructuring.
Founded in 1958, Recor is one of the leading international players in the manufacture and design of original cast iron bathtubs. All its bathtubs are manufactured according to the strictest quality standards, using only class AA enamel. The company has its own facilities, which occupy an area of 18,200 m², and manufactures 4,000–5,000 bathtubs annually, exporting almost all of its production.
Our role in the transaction
Oaklins’ team in Portugal advised Recor on the restructuring of its financial debt position.
Talk to the deal team
Related deals
Bolster Investment Partners has secured debt financing for the acquisition of Royal Taste Company
Bolster Investment Partners has partnered with Royal Taste Company, a leading Dutch custom signature coffee platform offering end-to-end sourcing, blending, roasting, packaging and delivery services. The partnership marks an important next step in Royal Taste Company’s growth trajectory, focused on further geographical expansion, commercial development and selective strategic acquisitions.
Learn moreSelena Group has acquired Grupo IGM
Selena Group has acquired a 66% stake in Grupo IGM, with the remaining 34% to be acquired after a three-year period through a put and call option mechanism. The transaction reinforces Selena Group’s international growth strategy through M&A and strengthens its position in Western Europe, particularly in the Iberian market. It supports the group’s long-term growth ambitions in sustainable construction solutions, expanding its capabilities and product offering in the energy-efficient construction segment.
Learn moreBerner Group has completed a US$23.4 million private credit financing
Berner Group has successfully closed a US$23.4 million secured private credit facility to fund the repositioning of a former rehabilitation clinic into a student housing scheme in the Rhine-Main region of Germany. The financing was provided by a private debt fund, and structured across three tranches to address the specific requirements of the transaction, including the refinancing of existing bank facilities, funding of capital expenditure and operating costs during lease-up and a conditional tranche linked to the completion of fire safety and remediation works. The deal was structured with a comprehensive security package comprising a first-ranking land charge, share pledge and subordination agreements with existing lenders. Approximately 1% cash equity was contributed by the sponsor, reflecting the strength of the underlying asset and business plan.
Learn more