SPAIN - Sabadell and Caja Navarra back lighting manufacturer
Sabadell’s, through its fund Aurica XXI, and Corporación Caja Navarra have signed an agreement to acquire a 30% stake in lighting specialist J Feliu de la Penya, reports suggest.
The Canovelles-headquarted company was founded in 1929 by the grandfather of the current president Miguel Trey and provides a range of lighting services for projects, from intitial consultancy to final installation. The business, which has facilities in Spain and Mexico, generates annual turnover of approximately EUR 80m.
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