Pronovias Group, a high-end wedding dress brand based in Barcelona, Spain, has received a €110 million investment from creditors Bain Capital and MV Credit. The funding will be used for refinancing and improving asset liquidity.
According to El Economista, the capital restructuring through this investment has two purposes: to refinance existing bridge loans and to improve the company’s asset liquidity. If the latter goal is to be achieved, as noted by credit rating agency Moody’s, Pronovias will receive €40 million in cash for operations and €20 million for its balance she …
