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Thursday, February 22, 2024

Lener advises Krustagroup on €4m deal with Capital Express

Lener has advised Krustagroup on a €4 million financing deal with US-based Capital Express. This deal represents the landing of Capital Express LLC in Spain closing its first transaction

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The Huelva-based company Krustagroup, part of the Amasua Group, dedicated to the marketing and distribution of seafood and fish, has signed a working capital financing line for up to €4 million with Capital Express in order to expand in the United States, the world’s leading consumer of seafood.

Krustagroup is a leading company in the distribution of seafood and fish with a presence in Europe, Africa, America and Asia which, despite the current market circumstances, is experiencing strong growth and was seeking financial support to tackle its expansion in the USA with the help of the main distribution chains worldwide.

Capital Express is a US-based company whose core business is the financing of working capital through factoring and confirming lines. For this entity, which aims to expand its client portfolio by entering the European market through its representative in Spain, Jorge Leal Vázquez, and alliances such as the one with Lener, this is its first operation in our country.

Lener advised Krustagroup with a team led by Silvia Moreno, head of Southern Spain in the Financial Advisor area and Marta Morales, partner and head of Southern Spain at Lener Asesores. The advice was provided in the Financial and Legal areas, achieving this agreement between the parties after about 3 months of negotiations.

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