TELLES advised Ageas Portugal Holdings, SGPS, S.A. on the sale of 30% of the share capital of S.P.S.I. - Sociedade Portuguesa de Serviços de Apoio e Assistência a Idosos, S.A. (SPSI) to CUF - Gestão de Clientes e de Serviços de Saúde, S.A., as well as on the sale of 30% of the share capital of S.P.S.R. - Sociedade Portuguesa de Serviços Residenciais, S.A. (SPSR) to José de Mello - Residências e Serviços, SGPS, S.A.
SPSI provides accommodation services for the elderly in the Lisbon Metropolitan Area through its ‘Domus Vida’ brand. SPSR owns the properties in which these residential units are located.
The conclusion of this transaction followed a non-opposition decision by the Competition Authority.
The multidisciplinary TELLES team involved in this transaction was led by partner Mariana Ferreira Martins and coordinated by the senior associate José Maria Braga da Cruz, both from the Corporate, M&A and Private Equity practice area. The team also included José Pedroso de Melo, Counsel in the Tax practice, and Frederico Ferreira da Silva, associate from the Corporate, M&A and Private Equity practice.
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