Truvo is a multinational company specialising in local search and advertising in five countries. Its best known products include Yellow Pages websites and print directories.

Overview

Truvo, formerly World Directories is a leading international business operating across five countries in the local search and advertising market and has over 1400 employees.
The print and online platforms are monthly used by more than 10 million people.
It creates value by providing an integrated portfolio of cost-effective and simple-to-use advertising that connects buyers quickly and efficiently with sellers. Truvo offers a range of complementary services, in print, on-line, telephony and mobile, to assist the consumer in making informed purchase decisions. Truvo currently operates in Belgium, Portugal, Ireland and has interests in South Africa & Puerto Rico.
More information on Truvo can be found on http://info.Truvo.com

Debt Restructuring

In July 2010 Truvo entered Chapter 11 bankruptcy protection http://www.bloomberg.com/news/2010-07-01/truvo-usa-files-for-chapter-11-protection-in-bankruptcy-court-in-new-york.html. In December 2010 it emerged from this process with a greatly reduced debt and lower costs http://www.alacrastore.com/storecontent/BNA_Bankruptcy_Law_Report-2103-2103-2275. The company was then taken over by its former owner's banks http://www.bloomberg.com/news/2010-07-04/apax-faces-loss-of-truvo-panrico-units-to-bank-creditors-times-reports.html. The company's revenues however continue to fall and there is no plan to pay off the remaining 475mio debt http://www.tijd.be/nieuws/ondernemingen_diensten/Gouden_gids_Truvo_zoekt_zijn_weg_online.9045496-4000.art?ckc=1.