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Provider : Reuters Investment Profile

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JZ Capital Partners Ltd And Avenue Capital Group Announce Launch EUR400 Million Finance Company In Spain

Monday, 11 Nov 2013 02:00am EST 

JZ Capital Partners Ltd and Avenue Capital Group announced that they have launched a new company to provide financing to small- and medium-sized companies in Spain. The vehicle, Toro Finance, will provide short-term receivables finance to the suppliers of major Spanish companies. This form of financing will provide companies with working capital to develop their businesses. JZCP, through its European Micro Cap fund, and Avenue Capital have provided the funding for the vehicle, which is expected to have €400 million of assets. JZCP's investment is EUR26 million which will give it, together with the management of Toro, a 50% equity interest. 

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2 Sep 2015