Spain
Cuatrecasas advises IMQ on selling €225 million in shares to SegurCaixa Adeslas
October 18, 2023
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SubscribeCuatrecasas has advised Sociedad de Médicos del Igualatorio Médico Quirúrgico, S.A. (IMQ), the leading Basque healthcare and insurance company, on selling €225 million in shares to SegurCaixa Adeslas (the Iquimesa Group).
The closing of this sale came at a favorable time for the doctors—the company’s ultimate shareholders—, offering those shareholders that were not interested in disinvesting at first the possibility to do so later, through a window structure.
This transaction will enable the insurance company to strengthen its leadership in the Basque region, while maintaining the medical team available until now and the working conditions of the employees.
The Corporate and M&A advisory team handling the transaction was led by partner Luis Alba with the support of Ander Barruetabeña.
October 18, 2023
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