Recor has restructured its debt
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.
Oaklins’ team in Portugal advised Recor on the restructuring of its financial debt position.
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Saber maisSibelco has received strategic advisory related to the exit of a minority shareholder
SCR Sibelco has received strategic advisory related to the exit of a minority shareholder. Different options were considered. On 8 December 2023, Sibelco announced its intention to launch a share buyback program, via a tender offer, to acquire up to 18.94% of outstanding shares for a price of €6,850 per share and a total deal consideration of €609 million. The program offered liquidity optionality to the exiting shareholder, as well as other minority shareholders looking forward to crystallizing some value. Sibelco is delighted to pursue with its ambitious mid-term growth plan thanks to a refocused shareholder register and the support of the founding families. Further information on the transaction can be found in the prospectus of the tender offer.
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