UNQUOTE

N+1 backed Bestin seeks voluntary credit agreement

  • Francinia Protti-Alvarez
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N+1-backed logistics operator Bestin Supply Chain has requested a voluntary credit agreement with the object of finalising the debt restructuring of the various firms making up the group.

In April 2008, N+1 acquired an 84% stake in logistics firm Bestin Supply Chain in a deal valued at €26.8m. The deal consisted of a €13.4m capital increase with the remainder being provided as a shareholders loan. The investment was carried out through listed vehicle Dinamia and N+1 Private Equity Fund II, with each entity taking a 42% stake in the company. The remaining stake is held by the management team and Miquel Ginesta.

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