Dogi

Dogi’s Shareholders Meeting has approved Sherpa Capital fund’s investment offer, through Businessgate, to recapitalise and take the control of the Catalan textile company which has belonged to the Domènech family up until now.

Sherpa Capital has presented in September its capital injection offer for Dogi because the company needed a partner, as it was not able to carry out the viability plan provided within the framework of the creditor’s agreement approved in 2010, when insolvency was resolved.

Eduardo Navarro, Chairman and CEO of Sherpa Capital, has declared that his intention is to “bring Dogi back to the global leadership position they were in”, which, according to him, is certainly going to happen in the coming month.

After the Meeting Navarro has declared to the media that they pretend to contribute to an organic growth through an increase in sales and through acquisitions “with a global vision”, although he has stressed that the headquarters will remain in Catalonia.

Sherpa Capital’s entry has enabled the company’s recapitalisation and an 80% reduction of its general debt.