Squire Patton Boggs has advised Colisée Group on the acquisition of a residential care home located in San Tirso, in the Porto area of Portugal. This is the first Portuguese centre for Colisée Group, with the acquisition marking the entry of the company into the country.
Colisée Group is a French multinational, majority-owned by the private equity fund EQT, with more than 40 years of experience in the service and care of the elderly and people with different degrees of dependency and is one of the most active global operators, with a presence in France, Belgium, Italy, China, Spain and now, Portugal.
The residence acquired in Portugal has 72 beds and a professional team of 60 people. The management and growth of the care home has been entrusted to the Spanish team of the Colisée Group. In Spain, Colisée has a team of 4,500 professionals, with an offer of over 6,500 residential and day-care centre places through its 55 residential and day centres across the country.
The Squire Patton Boggs team advising Coliseé Group on the transaction was led from Madrid by Rocío García, Corporate Director, with the support of associate Álvaro Luaces.
Highlighting the importance of the deal for the Colisée Group, Rocío García said, “We’re pleased to support our client on its first acquisition in Portugal, a country where the Group plans an ambitious expansion and where they will implement, as already in Spain, its business model based on the personalization and well-being of residents as well as the promotion of positive aging as a driving factor in our society where the elderly play an increasingly significant role.”