The Spanish Royo Group accelerates its international expansion funded by H.I.G. Capital
The European branch H.I.G. Europe has invested the capital in the Spanish giant of bathroom furniture
Ambiente Life-Royo Group
H.I.G. Europe ("H.I.G."), the European subsidiary of the private equity house H.I.G. Capital, has announced the completion of a significant capital investment into Royo Group, the multinational corporate group specialized in the manufacturing of furniture sets and bathroom equipment. Royo Group employs currently 650 number of total staff spread over its factories based in Quart de Poblet (Valencia), Sztum (Poland) and Mexico City (Mexico). The firm operates in 60 countries and a vast 80% of its revenue is generated outside the Spanish home market. The existing Management team will continue in its current position and will be further directed by Mr. Raul Royo, CEO of the company since 2008.
Mr. Jaime Bergel, Managing Director of H.I.G. Europe in Spain, has shared his enthusiasm by stating "I am excited to support the excellent work carried out by the Royo family over the last years, where they have succeeded to convert the Group into one of the leading companies of its sector”. Mr. Raul Royo, CEO of Royo Group, added to this statement that the ultimate goal of the firm is to become the European leader in the bathroom furniture segment and to increase its presence in others business areas related to the bathroom equipment sector. The entrance of H.I.G. capital into Royo Group fits in the framework of the company´s Business Plan called One 2020.
