Goldman Sachs invests 200 million euros in Visabeira – Telecomunicações

Constructel Visabeira, a subsidiary of the Visabeira Group that provides services in the telecommunications and energy sectors, announced Wednesday that it has signed a €200 million investment agreement from Goldman Sachs Asset Management, for a minority stake, which it is not. reveal.

“Resources from the investment will mostly be used to accelerate organic and inorganic growth, through acquisitions, and support the company’s expansion strategy,” Constructel Visabeira said in a statement.

Emphasizing that the transition to fiber optic technology and operators’ focus on deploying 5G networks, Internet of Things (Internet of Things) solutions, data centers and the evolution of electricity and gas network infrastructures “will lead to increased demand for services from Constructel Visabeira in the primary target markets”, the group states that “to support them In this next stage of growth it “chose to partner with a well-known international investor, and maintain its independence”.

In the statement, Nuno Terras Marques, CEO of Constructel Visabeira and the Visabeira Group, asserts that Goldman Sachs “quickly became the ideal partner for us: alignment with our strategic goals, breadth of its international platform and experience in the sector will enable us to realize our full potential.”

The Goldman Sachs Asset Management team, led by Michel Titi-Cappelli, Jose Barreto, and Mihir Lal, commented in the same note, that “Constructel Visabeira is at the forefront of the overall trends of digital transformation, in addition to the current current energy infrastructure modernization and investment in renewable energies.” They add, “We have been impressed by the vision, ability to execute and innovation of the Constructel management team, and we are very excited to support an industry leader, under the leadership of Nuno Terras Marques, at this critical point in accelerating its growth trajectory.”

In the field, Alvarium and Nau Securities acted as financial advisors, Ernst & Young provided financial and tax advice, and Vieira de Almeida & Associados provided legal advice to Constructel Visabeira. Oliver Wyman, Linklaters and Deloitte LLP backed Goldman Sachs in the transaction, which now depends on “customary regulatory approvals for competition and foreign investment.”

Constructel Visabeira, with more than 40 years of experience, provides 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.