The investment firm Kkr He has agreed with Dentix Pay up to 250 million euros to their creditors after the bankruptcy of the dental clinics chain in 2020, as they have informed Europa Press in sources of the creditors.
Specifically, the bankruptcy administrator of the Grupo Dentix, Ius Aequitas, has published on Monday that it has reached agreements with KKR to end their related disputes With the dentix group competitions, which would amount to, as Europa Press has learned, to a maximum of 250 million euros.
Thus, in these agreements both the ordinary procedure initiated by Dentixhealthcoration (DHC), the dentix group matrix, in front of KKR and the potential actions are included both that their Spanish subsidiaries had in front of the investment fund in relation to the resolution of the investment contract and partner agreement signed by the parties.
Get out of insolvency
In this way, as a consequence of the agreements, the qualification sections of the contests of the Spanish subsidiaries are also expected to close. The negotiation has been led by the independent figure of the ELISEO M. Martínez Bankruptcy Administratorof Ius Aequitas, and has also had the participation of Clifford J.Hendel, lawyer and mediator with experience in international operations.
This transactional agreement will allow DHC to satisfy the credits of its creditors in accordance with the final texts presented and leave the insolvency state.
In addition, in accordance with transactional agreementsall credits against the mass and privileged of the Spanish DHC subsidiaries in accordance with the best estimate of the parties at the date of the agreement will be fully paidwhich includes the credits of workers and public bodies.
The bankruptcy administration has submitted the writings requesting approval to the Commercial Court number 2 of Madrid of the signed agreements.
“Transactional agreements seek to reasonably satisfy the creditors and accelerate the process through the conclusion of the DHC contest, eliminating uncertainty and reducing the costs of the process, allowing the aforementioned creditors of the dentix group to recover their money without delay Times, “Ius Aequitas concluded in the statement.
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