CFI advised Instalblue, the Portuguese subsidiary of Spanish Grupo Assista, on its acquisition of Desentop

Lisbon – CFI Portugal is pleased to announce it acted as the exclusive corporate finance advisor to Instalblue and Grupo Assista on the acquisition of 51% of the shares in Desentop.

Grupo Assista (www.grupoassista.com) is the leading Spanish business group for facility services, with a history of over 25 years. It is also a leader in the home assistance, construction and facility maintenance segments, as well as real estate recoveries, services outsourcing and contact centers. Assista owns network of companies and employs more than 2,000 professionals. Instalblue (www.instalblue.com) is a Portuguese holding company 100% held by Grupo Assista.

Desentop (www.desentop.com) is a Portuguese company created in 1988 and the market leader in the plumbing and drain cleaning sector, providing maintenance and unclogging services. It is an innovative company with a technical team capable of responding many to different challenges.

At closing, Grupo Assista has acquired 51% of Desentop’s shares, and will acquire the remaining 49% at the beginning of 2018.

The trasaction closed on 8 July 2016.