Goldman Sachs invests 200 million euros in Visabeira Group

The parties announced in a statement that Goldman Sachs Asset Management has signed a contract to invest 200 million euros in Constructel Visabeira, and will own a minority stake in this subsidiary of the Visabeira Group. However, the percentage of the stake acquired was not disclosed.

The statement released Wednesday notes that “the resources coming from the investment will mostly be used to accelerate organic and inorganic growth, through acquisitions, and support the company’s expansion strategy.”

Constructel specializes in providing services in the telecommunications and energy sectors, and is present in Portugal, France, UK, Germany, Belgium, Denmark, Italy, Spain and the USA.

Currently, the company employs more than 5,000 people and expects in 2021 to reach sales of more than 800 million euros.

“Continuous transition to fiber optic technology, increased focus of operators on implementing 5G networks, and Internet of Things (IoT) solutions”The Internet of things), data centers [centros de dados] The evolution of the electricity and gas grid infrastructure will increase the demand for Constructel Visabeira’s services in key target markets. To support this next phase of growth, the Visabeira Group has chosen to partner with a well-known international investor, while maintaining its independence,” says the company.

call him expression, Visabeira confirmed that Goldman Sachs Asset Management will only participate in the Constructel capital, without any changes to the control structure of the Visabeira Group.

Commenting in the statement, CEO of Visabera, Nuno Terras Marques.

The deal, which is still subject to regulatory licenses, had several advisors, including Alvarium and Nau Securities as financial advisors, Ernst & Young as financial and tax advisors, and Vieira de Almeida & Associados with legal advice firm Constructel Visabeira. Oliver Wyman, Linklaters and Deloitte Goldman Sachs supported the process.