Sherpa Capital signs deal to fund Spanish textile firm

05 Oct '13

1 min read

Sherpa Capital, a leading Spanish investment group specializing in solutions, has signed an agreement with Spanish textile firm Dogi International Fabrics, in order to capitalize the company.

According to a statement issued by Sherpa Capital, the investment offer is subject to the completion of a review of the textile firm and verification process (known as ‘Due Diligence’) by Sherpa Capital, as well as achievement of certain agreements with creditors, financial institutions and employees, which would be approved by the National Commission on the Securities Market (CNMV) in Spain.

The agreement is designed to recapitalize the company and undertake initiatives that will enable the firm to become a benchmark for innovation, development and manufacture of fabrics.

Under the agreement, Sherpa Capital would give financial strength and restore the balance sheet of the textile firm, increase and strengthen operations in the existing segments, as well as develop new products for other areas of activity.

Dogi International Fabrics is one of the leading firms in the field of design and manufacture of stretch fabrics with commercial presence in 5 continents and production units in Spain as well as the United States. The firm has a production capacity of over 15 million meters of fabric per year.

Fibre2fashion News Desk - India

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