On December 20, Pronovias Group, a Barcelona-based high-end bridalwear brand, announced that its major shareholder, British private equity fund BC Partners, and the majority of the group’s senior and junior lenders had reached a binding agreement to recapitalize the Group and strengthen its capital structure.
Details of this transaction have not been disclosed, but the transaction will strengthen the balance sheet of Pronovias Group, improve its financial situation, optimize the liquidity of assets, and provide important new funds for the Group to implement strategic plans.
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