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Investment Groups Launch Spanish Financing Firm For SME’s
Sandra Kilhof
12 November 2013
have provided the funding for the firm, which is expected to
have €400 million ($535.4 million) of assets. The former’s €26 million investment will give Toro
Finance a 50 per cent equity interest. “Toro Finance aims to provide high risk adjusted returns by
purchasing senior accounts receivable issued by major Spanish companies at a
significant discount from par,” explained David Zalaznick, JZCP’s founder and
investment advisor. JZCP is a fund that invests in high quality US and European
micro cap companies. Avenue Capital Group is a global investment firm that
currently oversees more than $12 billion of assets under management.