Livingstone Scraps Up a Golden Deal
March 2012Livingstone, the leading international investment banking firm, is pleased to announce the sale of a majority stake in Oro Direct (“Oro” or “the “Company”) to the private industrial holding JZ International (“JZI”). Livingstone served as the exclusive financial advisor to Oro. Terms of the deal were not disclosed.
Created in 2006, Oro Direct is a leading precious metal trading company in Spain. Oro acquires scrap gold and silver from professional suppliers including jewelers and pawnshops, and sells precious metals products, which carry the highest recognized global authentication. The Company’s growth has been built on its excellent customer service and compliance with the strictest of regulatory environment.
The partnership with JZI will provide Oro Direct with financial and corporate support to develop its business plan both in Spain and across Europe over the next few years.
The Founder and CEO of Oro Direct said, “Neil and his team at Livingstone provided me with excellent service throughout the process. As well as identifying exactly the type of investor I needed, they managed the complex transaction extremely well.”
Neil Collen, Partner of Livingstone Spain added, “It was a pleasure working with Oro Direct. They knew what they were seeking, and were very open to ideas and recommendations. We managed to identify various investment groups, but always felt that JZI would make an excellent partner.”
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