Torraval Cooling, S.L., based in Zamudio (Vizcaya), has been acquired from the global engineering solutions provider SPX Corporation (publicly listed US company with global turnover of $5.000 million and over 15.000 employees).
Company restructuring, a little-known business in Spain with a different approach to private equity. TTR has interviewed the managing partner, CEO, of PHI Industrial who addresses the main aspects of the restructuring market and its main differences with other types of investors.
On July 19th, PHI Industrial completed the acquisition for 100% of the shares of Covit from its previous owner, Grup Vemsa.
PHI Industrial comes to the rescue of Covit.
Vemsa sells Covit to a firm that revives companies.
C/General Castaños 4, 2 Izq
28004 Madrid
Tel: +34 91 561 33 71
Fax: +34 91 411 72 16
Paseo de Gracia, 37
Planta 3º Puerta 2
08007 Barcelona
Tel: +34 93 487 97 35
Fax: +34 93 487 51 33