As fund manager for FONPYME, COFIDES has granted a 250,000 euro joint-venture loan to the DAMERIK’s subsidiary in France to open two new shops in Paris and Montpellier. The total investment of the project amounts to 400,000 euros.

DAMERIK is a Spanish company specialising in toy production and distribution. DAMERIK is starting operations in France, a country characterised not only by high standards of living and positive economic outlooks, but also by one of the highest fertility rates in the European Union.

Since 1998, DAMERIK has been engaged in the manufacture, import and sales of toys, childcare items and educational material for children aged between 0 and 12 years old. EUREKAKIDS is the label used by DAMERIK to sell its products through a network of 29 own shops and 49 franchises. Furthermore, DAMERIK owns ten shops in Italy, five in Portugal and one in Andorra. In 2008, COFIDES granted a 250,000 euro joint venture loan to DAMERIK to open three own shops in Italy.