In a Nacala communicate, quoted by Negócios, it is stated that «this transaction, consisting in the acquisition of the total Elevo Group capital, alongside with a capital increase and acquisition of bank loans, leads to a significant enforcement of the respective equity capital, with the consequent reduction of debt, and aspires to position Elevo as an important player in the area of infrastructures, logistics, energy and environment, both in Portugal and in the international market, mainly in Africa and Latin America».
The seller was advised by SRS Advogados, for this operation, with a team leaded by Alexandra Valente. According to the company this is the biggest operation of Private Equity in Portugal, in the construction sector.
To remember that the fund acquired and restructured the groups Edifer, Monte Adriano, Hagen and Eusébios, constituting Elevo Group. Last year the group registered a turnover of €450 million.