Change Partners-backed companies default payments

According to reports, Change Partners-backed electronic goods distributors Idea and Master Cadenas have defaulted on a EUR160m debt repayment to banks and suppliers.

The companies are both subsidiaries of Prometheus Electronic, a holding company owned by Change Capital Partners (75%) and its former private owners (25%). This situation is said to affect the holding and its shopping platforms GN, Regisa, Prometheus 1 and Radio Castilla.

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