KKR will pay up to 250 million to Dentix creditors after its bankruptcy in 2020

The KKR investment firm has agreed with Dentix to pay up to 250 million euros to its 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 Dentix Group, Ius Aequitas, has published on Monday that he has reached KKR agreements to end his disputes related to the dentix group competitions, which would ascend, as Europa Press has learned, to a maximum of 250 million euros.

Thus, in these agreements both the ordinary procedure initiated by Dentixhealthcorporation (DHC), the dentix group matrix, in front of KKR and the potential actions that their Spanish subsidiaries had faced in front of the investment fund in relation to the resolution of the investment contract in relation to the investment contract and partners agreement signed by the parties.

Insolve

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, of 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 insolve.

In addition, in accordance with the transactional agreements, all credits against the mass and privileged of the Spanish DHC subsidia public.

The bankruptcy administration has submitted the writings requesting approval to the Commercial Court number 2 of Madrid of the signed agreements.

«Transactional agreements seek 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 delaying the times, ”Ius Aequitas concluded in the statement .