The HBR holding company injects more than 11 million euros into Boostheat – Le Journal des Entreprises

Will the high-tech heating and thermal compression specialist Boostheat (1,200 employees; 155 million euros in turnover in 2021) be saved by the HBR holding company? The game is not yet won but it is on the right track… The holding company headed by Hugo Bruguière will take over 10 million euros in receivables (bond debt) and provide 1.5 million euros to bail out the company’s cash flow. he company in safeguard proceedings since October 2022. Holder of promising patents in the field of energy efficiency, Boostheat, located in Vénissieux (Rhône) had liabilities of 20 million euros during the liquidation request. It remains to find an agreement with the banks for the other 10 million debt. Holder of promising patents in the field of energy efficiency, Boostheat, located in Vénissieux (Rhône) had liabilities of 20 million euros during the liquidation request. It remains to find an agreement with the banks for the other 10 million debt. The new main shareholder (more than 20% of the capital) decided to reorient the deeptech strategy by focusing on R&D activity and abandoning the production of large-scale thermal compressors. Next step: validation of the turnaround plan by the Commercial Court of Lyon, which has until the end of March to rule.