Business Wire

H.I.G. Portfolio Company Royo Group Combines with Fiora Bath Collections

Jaa

H.I.G. Capital (“H.I.G.”), a leading global private investment firm with more than €20 billion of equity capital under management, announced today that its portfolio company, Royo Group (“Royo”) has completed the integration of Fiora Bath Collections (“Fiora”) as part of its growth strategy.

Headquartered in Nájera (La Rioja, Spain), Fiora was established in 1986, and is Europe’s leading manufacturer of resin shower trays, a rapidly growing product category. Its success has been driven by innovation in the design of new bathroom materials. Resin is highly versatile and offers excellent performance. It also has the ability to imitate the look and feel of very different material types, offering consumers an infinite range of bathroom design and decoration options. Fiora´s products are available in more than 30 countries worldwide. Fiora’s current shareholders will remain as shareholders in Royo and will remain involved in their current roles, playing a leadership management role in the combined business.

The combination of Fiora and Royo is part of Royo’s strategy to grow in other geographic markets and segments, to broaden its leadership to other product categories and to continue improving customer service. The objective of the co-operation between H.I.G. and Royo Group – and now with Fiora – is to create the leading independent player in the European bathroom sector.

Royo and Fiora’s sales networks will continue to operate separately, but will benefit from joint purchasing savings and other shared services.

Jaime Bergel, Managing Director, H.I.G. Europe, said: “Fiora has been a pioneering manufacturer of resin shower trays and is largely responsible for the runaway success of this new product throughout Europe, especially in the South. Fiora’s clients are attracted by the high quality of its products, its innovative design, as well as the exceptional pre-sale and post-sale support, factors that have positioned the company as the undisputed global leader in its market. The integration of Fiora with Royo will allow the Group to continue developing its R&D activity, international expansion and growth. The company will also benefit from becoming part of an international leading specialist in bathroom furnishings.”

Raúl Royo, CEO Royo said: “The integration of Fiora is a major corporate milestone in our ONE 2020 strategy. It strengthens our position as the European market leader and complements our channel and brand strategy that we began to roll out some years ago, a strategy that has been key to our considerable growth in Europe. The integration also heralds our move into a new product category – shower trays and panels –, allowing us to offer a wide range of shower and bath furnishing solutions. Our aim is to become the preeminent player in the European bathroom sector in the next few years.”

José Barrio, one of the Fiora founders stated: “The entire Fiora team is both delighted and enthusiastic at the prospect of being part of Royo’s growth strategy supported by H.I.G., while retaining our identity, team and premium brand image. The complementary nature of our products and markets will enable us to bolster the growth already seen over the past decade and strengthen our competitive position. We are certain our employees, suppliers and sales network will support us on this new venture.”

About Fiora

Headquartered in Nájera (La Rioja, Spain), Fiora is Europe’s leading manufacturer of resin shower trays. The company also makes and distributes resin panels, bathroom furnishings, radiators and accessories. Fiora was established in the 1980s and was owned by its four founding partners until its integration into the Royo Group. Its success has been built on innovation in the design of new bathroom materials, such as resins. Fiora’s primary facilities are located at Nájera in La Rioja, Spain, where manufacturing is set to continue. The facilities span a total of 26,000 square metres and are equipped with cutting-edge technology. For more information, please refer to the Fiora website: www.fiora.es

About Royo

The Royo Group has its roots in the partnership established among various members of the Royo family, the original founders and owners of the business with a track record dating back 45 years. The group aims to strengthen its position in the European market for bathroom products and to step up its internationalisation plans to become the leading independent player in the European bathroom sector. RGIB currently has factories in Spain, Poland and Mexico, as well as sales operations in the United States and India. The company operates in over 60 countries on 5 continents.

Royo is the only Valencia-based company – and one of just a handful in Spain – to be invited to join Smart Eureka, a cluster of smart European 4.0 companies. Being asked to join the Smart Eureka initiative is one of the main milestones in RGIB’s new expansion phase until 2020. The Spanish Government, through the Ministry of Industry, recently added the group to its “Cre100do” programme, an initiative launched by foreign trade body ICEX, Bankinter and the Círculo de Empresarios that aims to help 100 Spanish companies grow to become large businesses over the next 5 years. For more information, please refer to the RG website: www.royogroup.com

About H.I.G. Capital

H.I.G. is a leading global private equity and alternative assets investment firm with over €20 billion of equity capital under management*. Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Mexico City and Rio de Janeiro, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/value-added approach:

1. H.I.G.’s. equity funds invest in management buyouts, recapitalisations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.

2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.

3. H.I.G.’s real assets funds invest in value-added properties, which can benefit from improved asset management practices.

Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm's current portfolio includes more than 100 companies with combined sales in excess of €28 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.

H.I.G. European Capital Partners Spain is a legally independent advisor to H.I.G. Capital LLC, H.I.G. Europe Capital Partners, L.P. and H.I.G. Europe Capital Partners II, L.P.

Contact information

H.I.G. Capital
Jaime Bergel, P +34 91 737 50 50, F +34 91 737 50 49
Managing Director
jbergel@higcapital.com
www.higcapital.com

Tietoja julkaisijasta

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

Tilaa tiedotteet sähköpostiisi

Haluatko tietää asioista jo ennen kuin ne uutisoidaan? Kun tilaat tiedotteemme, saat ne sähköpostiisi yhtä aikaa suomalaisen median kanssa. Tilauksen voit halutessasi perua milloin tahansa.

Lue lisää julkaisijalta Business Wire

Scientist.com Named One of America’s Ten Fastest-Growing Private Companies by Inc. Magazine16.8.2018 15:06Tiedote

Scientist.com, the world’s leading marketplace for outsourced scientific services, today announced that it ranked no. 9 on Inc. magazine’s 2018 list of the 5,000 fastest-growing, privately owned companies in America. Scientist.com ranked no. 2 nationally in the Health category and no. 2 in the state of California. The San Diego-based company builds private marketplaces that connect life science research organizations with a global network of over 2,600 contract research organizations (CROs) and providers of scientific services. “Our mission is to empower and connect scientists worldwide and make it possible to cure all human diseases by 2050,” stated Kevin Lustig, Scientist.com’s CEO and Founder. “On Scientist.com, a single, highly trained scientist can run an entire drug discovery program from concept to clinic from his or her laptop without ever physically entering a laboratory.” The pharmaceutical industry spends about $150B a year on medical research and produces about 25 new medic

REN Using Kalkitech Sync Platform at Substations for Automated Disturbance Record Collection and Data Conversion16.8.2018 13:59Tiedote

Kalkitech, a global leader in solutions that simplify field data collection, protocol translation, and IT-OT transformation for utilities, announced Redes Energéticas Nacionais, S.A. (REN) has installed an automated file collection solution for its transmission network. It is used to automatically supply near-time data to an automated fault analysis and protection behavior software application. The solution utilizes Kalkitech’s SYNC 3000 Substation Data Concentrator in 64 out of a total of 82 substations located throughout the utility’s coverage area to collect data from multiple vendors and multiple types of protection relays which use several different communication protocols. SYNC 3000 collects disturbance record data using standard protocols like IEC 61850 and IEC 60870-5-103 as well as proprietary protocols like ABB SPA Bus and Alstom Courier. In the cases where data is not originally in a COMTRADE format, SYNC 3000 makes the required conversion into this standard format. An IEEE

FastForward.ai Launches “Ooredoo Next”, Myanmar’s New Digital Engagement Platform16.8.2018 13:15Tiedote

FastForward.ai launched today Ooredoo Next, the new digital engagement platform for Ooredoo Myanmar. Supported by FastForward NXTTM real-time API platform featuring artificial intelligence and machine learning, Ooredoo Next allows all mobile users in Myanmar to easily engage with Ooredoo brand inside Facebook Messenger using real-time automated answers. For Ooredoo Myanmar, FastForward.ai digital engagement platform enables efficient management of social media advertising campaigns, customer relationship management and monetization. Augie K. Fabela II, Co-Founder and CEO, FastForward.ai said: “We bring Silicon Valley user experience to the Telco world. We enable mobile operators to give their customers 100% control of their choices: they decide the services they want to use, how and when they want to use them." Romeo S. Ganescu, Co-Founder and Chief Product Officer, FastForward.ai said: “The future of mobile engagement lies inside social and messaging networks and our FastForward NXTTM

In the Wake of the Ongoing Floods in Kerala; UAE Exchange and Unimoni Waive Service Fee on Remittances to Kerala Chief Minister's Distress Relief Fund16.8.2018 12:30Tiedote

Leading money transfer, foreign exchange and payment solutions brands, UAE Exchange and Unimoni, have waived service fee on remittances to Kerala Chief Minister's Distress Relief Fund in the wake of the catastrophic floods that has ravaged the Indian state of Kerala. The initiative which enables the global Indian diaspora to contribute to the relief efforts, follows a personal contribution of two crore rupees made by the Group Chairman and noted UAE-based businessman and philanthropist, Dr. Bavaguthu Raghuram Shetty, to help those affected by the floods. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180816005229/en/ Promoth Manghat, Executive Director, Finablr and Group CEO (Photo: AETOSWire) Promoth Manghat, Executive Director, Finablr and Group CEO, said, “As a committed corporate citizen, who firmly believes in helping communities in times of need, it was our responsibility to do all that is in our power to aid the peopl

BioNTech Signs Collaboration Agreement with Pfizer to Develop mRNA-based Vaccines for Prevention of Influenza16.8.2018 08:00Tiedote

BioNTech AG, a rapidly growing biotechnology company focused on precise immunotherapies for the treatment of cancer and infectious disease, today announced that it has entered into a multi-year research and development (R&D) collaboration with Pfizer Inc. (NYSE: PFE) to develop mRNA-based vaccines for prevention of influenza (flu). Under the terms of the agreement, BioNTech and Pfizer will jointly conduct research and development activities to help advance mRNA-based flu vaccines. Pfizer will assume sole responsibility for further clinical development and commercialization of mRNA-based flu vaccines, following BioNTech’s completion of a first in human clinical study. BioNTech will receive $120 million in upfront, equity and near-term research payments and up to an additional $305 million in potential development, regulatory and commercial milestone payments. In addition, BioNTech will receive up to double-digit tiered royalty payments associated with worldwide sales if the program reac

Maxion Wheels to Showcase Market-Leading Light Weight Commercial Vehicle Wheels at REIFEN 201816.8.2018 07:05Tiedote

Maxion Wheels, the world’s largest producer of wheels, announced today its participation in REIFEN, the leading tire and wheel industry event in Europe, from Sept. 11 – 15, 2018 in Hall 12.1 / Stand D24. For the first time, REIFEN will be co-located with Automechanika Frankfurt at the Messe Frankfurt. “REIFEN is the premier event for European tire and wheel manufacturers and resellers, bringing us together to meet and collaborate on the important aftermarket themes of innovation, service and delivery,” stated Mark Gerardts, Vice President of Global Sales and Marketing, Maxion Wheels. “After a highly popular launch to truck and trailer OEMs in 2017, we’re excited to have the industry’s lightest mass production steel wheel now available to our aftermarket distributors. This wheel, along with several others, including our new 10.00W-20 wide base tubetype and tubeless heavy duty armored vehicles wheel are great examples of our continued efforts to bring our OE multi-application innovations

Uutishuoneessa voit lukea tiedotteitamme ja muuta julkaisemaamme materiaalia. Löydät sieltä niin yhteyshenkilöidemme tiedot kuin vapaasti julkaistavissa olevia kuvia ja videoita. Uutishuoneessa voit nähdä myös sosiaalisen median sisältöjä. Kaikki STT Infossa julkaistu materiaali on vapaasti median käytettävissä.

Tutustu uutishuoneeseemme