Impact Bridge invests €7m in Ecoalf: advisors
Impact Bridge has granted a EUR 7 million loan to Ecoalf, the Spanish sustainable fashion brand globally recognised for its circular model based on recycled materials.
The operation aims to support Ecoalf’s national and international growth, reinforcing the environmental and social commitments of the brand, which currently has more than 14 own shops and a presence in more than 1,000 multi-brand outlets.
The establishment of impact covenants linking the interest rate of the loan to the fulfilment of these sustainability objectives demonstrates the commitment of both parties to undertake environmentally and socially responsible investments.
Advisors
DLA Piper advised impact investment manager Impact Bridge with a team comprising Yoko Takagi, partner, and Marta Clemente, legal director.
Araoz & Rueda advised Ecoalf with a team comprising Rafael Bazán, Alejandra Gómez and Amelia Gimenez Cabos.
