Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Soltec, a Spanish solar energy company, has submitted a comprehensive restructuring plan to Spain’s securities regulator (CNMV) in an effort to avoid entering insolvency proceedings. The plan entails the dismissal of 126 employees, the liquidation of inactive subsidiaries and the entry of the investment fund DVC Partners, which will inject €30 million via a capitalised loan.
Following a capital reduction and subsequent capital increase, DVC is set to acquire an 80% stake in Soltec, leading to near-total dilution of existing shareholders. The company aims to reduce its consolidated gross debt from €385 million to €255 million, while securing sufficient liquidity to continue executing its business plan. Additional measures include the establishment of a creditor success commission, new guarantees, and the appointment of a Chief Restructuring Officer to oversee the process and report regularly to stakeholders. These actions remain contingent upon judicial approval and the backing of shareholders at an Extraordinary General Meeting scheduled for 1 and 2 September.
Eurofound (2025), SOLTEC, Internal restructuring in Spain, factsheet number 203126, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203126.