Royo Group, a multinational company specializing in bathroom furnishings and appliances, received a significant equity investment from H.I.G. Europe, the European arm of global private equity firm H.I.G. Capital.
The terms of the deal were not disclosed.
Led by Raúl Royo, CEO since 2008, Royo Group is a multinational company specializing in bathroom furnishings and appliances (hydro massage baths, shower columns and trays). The company, which has 650 employees at its factories in Quart de Poblet (Valencia, Spain), Sztum (Poland) and Mexico City (Mexico), manufactures around 874,000 (furniture, ancillaries and mirrors) units at its three production facilities and has more than 10,000 points of sale worldwide. It operates in 60 countries.