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H.I.G. Funds Sells RGIB’s Lavatory Furniture Division to Roca

MADRID–(Enterprise WIRE)–Jan 20, 2021–

H.I.G. Funds, (“H.I.G.”), a primary global personal equity investment decision organization with in excess of €35 billion of equity funds under administration, and the Royo loved ones have entered into an arrangement to offer the bathroom home furnishings division of RG Worldwide Bathroom (“RGIB or the “Company”) to Roca Sanitario, S.A. The Royo family will keep a minority stake in the division. The two H.I.G. and the Royo relatives will proceed as shareholders of the shower tray company of RGIB, running below the Fiora model.

H.I.G. partnered with the Royo spouse and children in December 2016 and has realized a variety of crucial milestones, such as:

  • Developing a new manufacturing unit and brand name in Poland (Maximus) that contributed to strengthening the top situation that RGIB currently had in the Polish market place underneath the Elita manufacturer
  • Moving into new segments, channels and countries just one of the most suitable achievements was the entry into the Do-it-yourself channel in Germany where RGIB is now a major participant
  • Consolidating RGIB’s foremost position in Spain and France, where by the group has developed its distribution network to much more than 5,000 points of sale
  • Launching Amizuva, an distinctive brand name that targets the on the internet channel
  • Escalating RGIB´s revenues by above 50%

The Royo family members and H.I.G. will retain possession of Fiora and will keep on to improve the Company’s innovation, design and style and solution advancement abilities in buy to consolidate Flora’s major posture in the European premium shower trays phase. The shareholders will also emphasis on additional increasing Fiora’s worldwide footprint over and above the 30 nations around the world in which it is now existing through its common distribution community and its client provider workforce.

Raul Royo, CEO of RGIB, stated: “We would like to thank H.I.G. for their assist about the past 4 many years, which has permitted us to improve our primary posture in Europe. The agreement with Roca, a world-wide chief in the toilet sector, will assistance us increase our state-of-the-art enterprise, with almost 150 years of mixed practical experience in the sector concerning the two family members.”

Jaime Bergel, Running Director of H.I.G. Spain commented: “We are very delighted with the accomplishment of this financial investment, which proves our abilities in the Spanish market place. Collectively with the Royo family, we have positioned RGIB as 1 of the major firms in the lavatory sector in Europe, and we will keep on supporting Fiora to consolidate its management in the European current market.”

The deal is topic to approval by antitrust authorities in some European marketplaces.

About RGIB

RG Intercontinental Lavatory, launched far more than 45 decades back by Pascual Royo, is a person of Europe’s main suppliers of rest room items, primarily centered on home furnishings and resin shower trays. The team has factories in Valencia, Nájera and Poland and operates on 5 continents underneath the brand names Royo, Elita, Maximus and Fiora. RGIB has an yearly turnover of much more than €110 million and employs a lot more than 1,000 gurus.

About Roca Group

Roca Sanitario is focused to the structure, output and marketing and advertising of bathroom goods, as very well as ceramic flooring and wall tiles for architecture, design and inside style. The loved ones-owned Spanish team is the current market chief in Europe, Latin The us, India and Russia. It also has a robust existence in China and the relaxation of Asia, the Center East, Australia and Africa. It is the international leader in the discipline.

About H.I.G. Capital

H.I.G. is a foremost worldwide non-public fairness and substitute assets financial investment agency with about €35 billion of equity capital beneath management.* Based in Miami, and with workplaces in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate workplaces in London, Hamburg, Madrid, Milan, Paris, Rio de Janeiro, São Paulo and Bogotá, H.I.G. specializes in furnishing each personal debt and equity funds to modest and mid-sized organizations, using a adaptable and operationally centered/value-extra tactic:






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H.I.G.’s fairness money commit in administration buyouts, recapitalizations and company carve-outs of both of those worthwhile as effectively as underperforming producing and support firms.

 

 

 

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H.I.G.’s credit card debt funds commit in senior, unitranche and junior financial debt funding to businesses throughout the sizing spectrum, both of those on a main (direct origination) foundation, as nicely as in the secondary markets. H.I.G. is also a primary CLO supervisor, as a result of its WhiteHorse household of autos, and manages a publicly traded BDC, WhiteHorse Finance.

 

 

 

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H.I.G.’s actual estate money devote in benefit-extra qualities, which can advantage from enhanced asset administration tactics.

Considering that its founding in 1993, H.I.G. has invested in and managed extra than 300 corporations around the globe. The firm’s latest portfolio involves a lot more than 100 providers with put together revenue in extra of €27 billion. For extra data, you should refer to the H.I.G. web-site at www.higcapital.com.

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

See source model on businesswire.com:https://www.businesswire.com/news/property/20210120005399/en/

Make contact with: Jaime Bergel

Running Director

[email protected]

Key word: EUROPE SPAIN UNITED STATES NORTH America FLORIDA

Business Search term: RETAIL ARCHITECTURE OTHER Specialist Providers Production FINANCE OTHER Design & Home BANKING Home Goods Experienced Products and services Construction & House Marketing and advertising COMMUNICATIONS OTHER Producing Inside Design

Resource: H.I.G. Money

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

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