AC Desarrollo-backed Musgo files for bankruptcy
AC Desarrollo, the private equity unit of Ahorro Corporación, has been forced to initiate bankruptcy proceedings on behalf of interior design chain Musgo.
The portfolio company's failed attempts to refinance its debt and attract new backers mean that AC could stand to make a loss on its €19.5m investment in the firm.
AC injected €15m in the business in 2006 and contributed €4.5m to a capital increase in 2009.
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If you have any information regarding this transaction, please contact Susannah Birkwood on +44 20 7004 7524 or susannah.birkwood@incisivemedia.com
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