FUNDS
The CoRe
Restart I
CoRe Restart I Fund, registered with the CMVM in 2018, selects industrial SMEs pressured by excessive debt, lack of liquidity, and poor management whose business models are solidly oriented to the international market, investing their investors’ money in restarting their growth.
SMEs and Small Mid-Caps in Portugal
Fund with a preference for companies with recovery capacity in the areas of Health, Food Value Chain, Industry, Technology, Energy & Environment.
Minority, or majority stakes in the company's governing bodies.
Alignment of interests with a management team with solid experience and knowledge.by CoRe
our subsidiaries
Electrofer Group
Electrofer is a Portuguese company thatoperates two primary business lines: customized production of metallic structures for large constructions, supported by superior engineering and large-scale production capacity, and operates the customized surface treatment solutions for auto parts to leading international automotive manufacturers, exporting more than 40% of their production.. Founded in 1994, the company is headquartered in Marinha Grande (Portugal’s central zone).
Electrofer strong track record and technical recognition in the market, along with the increasing competitiveness of metal solutions for construction Investment, enables a growth strategy supported in the current low-capacity usage and in the strong forecasts for the construction sector with over €1.1 billion of European money to be invested in public construction in Portugal. The increasing demand for auto parts in electrical vehicles, and the already recurrent revenue streams through the surface treatment business unit at Electrofer, also forecasts a strong growth and internationalization path. CoRe identified the opportunity to generate growth on historical activities and further diversify the company’s revenue streams.
www.electrofer.pt
Investment Year
2019 - 2023
Fund
Restart I
Location
Marinha Grande, Leiria
Sector
Metal Mechanics and surface treatment
Type of transaction
Restructuring / Growth
Percentage owned
60%
Jayme da Costa
Jayme da Costa (“JdC”) is a leading Portuguese Engineering, Procurement & Construction (“EPC”) company developing solar power stations and manufacturing electrical equipment. With over 100 years of market presence, JdC has established its name in the industry by the expertise of its engineering solutions both in the low and mid tension production of electrical devices and in the delivery of EPC solutions in the energy renewable market with hundreds of installed MW in hydric, wind and solar infrastructure.
Jayme da Costa strong track record and technical recognition in the market as the best company operating in its field supports a positive outlook for market expansion both in its home country and internationally due to strong prospects supported in a significant increase of licensed energy output both in Portugal (with over 1GW of new licences per year up to 2030) and Europe (renewable energy to hit 32% of total energy consumption by 2030). CoRe identified the opportunity to leverage on JdC’s superior technical expertise and reposition the company to capture growth of the promising Portuguese photovoltaic market.
www.jaymedacosta.pt
Investment Year
2019 - 2023
Fund
Restart I
Location
Grijó, Vila Nova de Gaia
Sector
Renewable energies and low and medium voltage switchgear
Type of transaction
Restructuring
Percentage owned
44%
Varandas de Sousa
Varandas de Sousa is the leading producer and distributor of fresh mushrooms, with a recurrent market share of over 85% in Portugal and a solid European export footprint, selling a wide variety of mushrooms (brown, white, portobello, shitake, etc.) with the highest quality. Varandas de Sousa benefits from a strong historical base of top-tier clients, which ensures recurrent and predictable revenue streams, operating a fully integrated business model which leads to resilient and high margins. Founded in 1989, the company operates three production units in the north of Portugal (Vila Flor, Vila Real and Paredes).
With an 85% market share and holding a dominant position in the Portuguese market (and as such considered as a price setter), the company is significantly undermanaged, with below average production per sqm, high loss rate and expensive integrated logistics, leaving room for operational improvements CoRe identified the opportunity to easily and rapidly implement measures to enhance productivity and capture market growth. CoRe owns a 90% equity control, giving 10% to its co investor Sugal (the main European producer of tomato paste and will inject up to €7.5 million of new money.
www.sousacamp.com
Investment Year
2020
Fund
Restart I
Location
Benlhevai, Vila Flor
Sector
Agro-industry, fresh mushroom production
Type of transaction
Restructuring / Growth
Percentage owned
55%
+351 218 214 997
Cova da Moura street nº 2, 1st floor
1350-118 Lisboa
management company with a clear
ambition: to contribute to the
success of the Portuguese
economy.
