Background

  • Grupo Rayet is the financial holding of Quabit (Afirma) with c. 53% of its equity, a Spanish quoted company focus on Real estate market
  • Construction and services remain the core of the business, not only because of its ability to generate recurring revenues, but also for its central role in integrating related activities
  • Internationally, Rayet has a selective presence in hotels and infrastructure projects, which is restricted to Argentina and the UAE

Process & Outcome

  • DC Advisory has advised Rayet on the restructuring of financial debt
  • In addition, for refinancing of interests new credit facilities has also been set up
  • Rayet says the refinancing agreement guarantees it will remain economically viable in the medium term, allowing it to gear efforts towards running the business