Alchemy takes control of Endeka

The restructure saw Endeka transfer €228m of senior loans, which mature at the end of this year, to equity instruments under a new holding company. This has meant  Endeka has no outstanding debt outside of its revolving working capital facilities.

Previous funding
In January 2007, Pamplona Capital Partners acquired the ceramics division of speciality chemicals group Johnson Matthey for €226m, according to unquote" data. The firm renamed it Endeka Ceramics Group. At the time, Endeka employed 700 staff and generated €270m in turnover.

Company
Founded in 1994 and headquartered in Valencia, Endeka is a supplier of raw materials to the ceramics industry. Its product base includes stains, glazes and frits.

People
Stephen O'Toole is CFO of Endeka.

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• Topics
• Restructuring
• Southern Europe
• Support services
• Alchemy Partners LLP
• Spain