Cuatrecasas advises Ancala on the acquisition of Grupo Supera, a leading municipal community concession platform in Iberia
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SubscribeCuatrecasas has advised European infrastructure fund manager Ancala on the acquisition of Supera, a leading municipal community concessions platform in Iberia, from Portobello Capital.
Founded in 1993 and headquartered in La Coruña, Spain, Supera is one of the leading operators of long-term concession-based community centres in Spain and Portugal. The business operates 49 centres across Iberia, serving more than 200,000 customers. Located in densely populated urban areas, the centres operate under long-term municipal concession agreements and offer high-quality, highly affordable facilities designed to support local communities, in particular families and seniors, which make up the majority of the platform’s customer base.
The concession model – typically provided under 40-year contracts with low, index-adjusted tariffs – also provides unique access to prime city-centre locations at the heart of communities.
Supera has established a leading position in the Spanish concession market and a leading and growing presence in Portugal. The platform currently operates five centres in Portugal, with six additional centres under development in strategic locations including Braga, Odivelas, Almada, Porto and Seixal. The business has also been awarded its first concessions in Italy, in Reggio Emilia and Alessandria, and has plans to expand further into this market.
As part of the transaction, Supera CEO, Guillermo Druet, will continue to lead the business and is investing alongside Ancala to help drive Supera’s future growth. Ancala will work with Guillermo and his team to deliver new site rollouts in Spain, Portugal and Italy, continue to enhance its existing portfolio of sites and further expand Supera’s customer base
The Cuatrecasas team advising on the transaction comprised lawyers Federico Roig, Sora Park, Carlota Tojo and Ricardo Ramírez-Montesinos, from the Corporate and M&A practice, together with Enrique Carrera and Pablo López, from the Competition practice.
Commenting on the deal, Federico Roig said: "We are delighted to have advised Ancala on this transaction, which will allow Supera to enhance its existing portfolio of sites and deliver state-of-the-art sites to new areas across Spain, Portugal and Italy."
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