Oaktree considers Nueva Rumasa investment

One of the options currently being discussed is for the company to file for voluntary bankruptcy and then receive a cash injection from the US-based private equity firm. This would soon be followed by further funding from Oaktree in exchange for a minority stake in the business.

Nueva Rumasa's CEO, José María Ruiz-Mateo, confirmed that he has been in talks with a non-Spanish fund, which would be willing to invest up to €500m in the group.

Other restructuring specialists that could also make a play for the firm include Apollo Management, Cerberus and Sun Capital, which owns Famosa.

Oaktree, whose Spanish office is headed by Carlos Gila, is one of the main shareholders in bakery business Panrico, since the restructuring process in which Apax Partners exited last year.

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• Topics
• Southern Europe
• Turnaround/Special Situations
• Consumer
• Oaktree Capital