Intermediate Capital completed the acquisition of a majority stake in Grupo Garnica Plywood.

Intermediate Capital, alternative asset manager in private debt, credit and equity, completed the acquisition of a majority stake in Grupo Garnica Plywood, a company that manufactures wood products. Financial terms were not disclosed. “ICG is the ideal background for Garnica right now. He is very experienced in supporting industrial companies internationally and a clear long–term mentality," Pedro Garnica, Garnica Founder and CEO.