Lisbon – CFI Portugal is pleased to announce it acted as the exclusive corporate finance advisor to Instalblue and Grupo Assista on the acquisition of the remaining 49% of the shares in Desentop, following the transaction of 51% of the shares in 2016.
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.
Mr Miguel Lorente, CEO of Grupo Assista: “We recommend the professionalism, involvement and performance of the CFI team, responsible for the successful acquisition of the Portuguese company Desentop by one of our subsidiaries. CFI Portugal’s involvement were key to the success of the transaction from the beginning until the end. They are currently advising us on three different acquisition processes in Portugal, and their intervention is essential towards its success. I firmly recommend in all aspects the professional services of CFI, highlighting the people who are part of it.”
CFI Portugal was hired by Grupo Assista as their exclusive financial advisor on their build up home assistance service network in Portugal. This transaction follows their acquisition of 51% of Desentop shares in July 2016, a transaction also advised by CFI Portugal, allowing them to reinforce their assistance service network in Portugal.
The transaction closed on 27 June 2018.
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