Goldman Sachs AM invests €200m in Portugal’s Constructel Visabeira

Posted Thursday, October 21st 2021
Goldman Sachs AM invests €200m in Portugal’s Constructel Visabeira

Portuguese multinational holding company Grupo Visabeira announced its subsidiary Constructel Visabeira has received €200m in growth equity from Goldman Sachs Asset Management for a minority stake. The proceeds will be used to accelerate organic growth and fund M&A. Constructel Visabeira is a service provider in the telecommunications and energy sectors.

Alvarium and Nau Securities acted as corporate finance advisors, Ernst & Young provided financial and tax advice and Vieira de Almeida & Associados provided legal guidance to Constructel Visabeira. Vieira de Almeida’s private equity practice is ranked Excellent by Leaders League. Oliver Wyman, Linklaters, and Deloitte LLP advised Goldman Sachs on the transaction. Isabel Fernandes acted as in-house counsel for Grupo Visabeira. 

Nuno Terras Marques, CEO of Constructel Visabeira and Grupo Visabeira, said: “Goldman Sachs rapidly became the ideal partner for us: the alignment on our strategic objectives, the breadth of their international platform and their sector expertise will enable us to realize our full potential.”

The Goldman Sachs Asset Management team led by Michele Titi-Cappelli, Jose Barreto, and Mihir Lal, commented: “Constructel Visabeira is at the forefront of the secular macro trends of increased digitalization and transfer of information, as well as the current overhaul in energy infrastructure and shift towards renewable energy. We have been impressed by the vision, execution capabilities and innovation of Constructel’s management team and are delighted to be backing an industry leader, under the leadership of Nuno Terras Marques, in this critical acceleration phase of its growth trajectory.”