Machinery rental business Euroloc, controlled by Advent International, has carried out a restructuring of its debt. The package, believed to total EUR 240m, was provided by Banesto and Royal Bank of Scotland. It was mentioned that the restructuring will bring a "more flexible and efficient" financial situation to support its business plan.
Deal is Recover's 23rd acquisition since it was established six years ago, and the third since being acquired by EQT
Gimv formed the climate control business in 2016 by merging Itho Daalderop and Klimaatgarant
Corporate venture arm Shell Ventures leads the round for the IoT energy systems software platform
GP invests in the company via Wisequity V, which closed on its €260m hard-cap in July 2019