Cromology :
Wendel reinvests €125 million in conjunction with the renegotiation of Cromology’s debt

Published : 24.07.2019

On May 13, 2019, Wendel signed an agreement to renegotiate the financial debt of Cromology, one of Europe’s leaders in decorative paints, successfully capping a process initiated in Q4 2018. Wendel will reinvest €125 million in equity alongside the new management team.

The new equity contributed by Wendel will strengthen Cromology’s financial structure, in particular by lightning its debt burden through the early repayment of €75 million in senior debt. The new equity will also enable the company to implement its transformation plan and finance its investments.