# CL Grupo Industrial acquires Grupo Gallardo Balboa from KKR

CL Grupo Industrial has reached an agreement to acquire Grupo Gallardo Balboa from investment fund KKR. CL Grupo Industrial will assume financial commitments worth EUR 145 million, including a EUR 70 million capital increase, and will inject EUR 30 million immediately.

- Type: Acquisition
- Announced: 2020-07-13
- Where: Extremadura, Spain
- Value: $165.0M (145.0M EUR)
- Status: announced
- Products: steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [CL Grupo Industrial](https://endata.com/companies/12781.md) (acquirer)
- [KKR](https://endata.com/companies/16879.md) (partner)
- [Grupo Gallardo Balboa](https://endata.com/companies/48522.md) (target)

## Sources

- [clgrupoindustrial.com](https://clgrupoindustrial.com/en/cl-grupo-industrial-guarantees-the-future-of-grupo-gallardo-balboa-after-reaching-an-agreement-with-the-kkr-fund/), 2020-07-13: "The acquisition of Grupo Gallardo Balboa forms part of the strategy of applying our own management method to industrial companies that are facing difficulties, but that have a market and a future"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.