Ageas Completes Sale of Domus Vida Stake with Telles' Guidance
Deal News | Jun 17, 2025 | Iberian Lawyer
Telles, a prominent Portuguese law firm, played a crucial role in advising Ageas Portugal Holdings on the divestiture of its stakes in companies providing senior living services. Ageas sold 30% of its share in Sociedade Portuguesa de Serviços de Apoio e Assistência a Idosos (SPS), under the Domus Vida brand, to CUF Gestão de Clientes e de Serviços de Saúde. Simultaneously, it also sold a similar 30% stake in Sociedade Portuguesa de Serviços Residenciais (SPSR) to José de Mello Residências e Serviços (SGPS), which owns the real estate for these facilities. These transactions required approval from the Portuguese Competition Authority, which they successfully obtained. Led by Mariana Ferreira Martins, Telles' multidisciplinary team included experts like José Pedroso de Melo and Frederico Ferreira da Silva.
Sectors
- Legal Services
- Health Care Services
- Real Estate
Geography
- Portugal – The transaction and companies involved are based in Portugal, specifically in the Lisbon Metropolitan Area.
Industry
- Legal Services – The article centers around the involvement of a law firm, Telles, which provided legal advice in the transaction.
- Health Care Services – Involves the sale of stakes in companies that provide elder care services under the Domus Vida brand.
- Real Estate – The transaction involves companies dealing with residential units and properties for elder accommodation.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ageas Portugal Holdings | Selling Company | Company | A holding company involved in the insurance and elderly care services in Portugal. |
| Sociedade Portuguesa de Serviços de Apoio e Assistência a Idosos (SPS) | Target Company | Company | Provides accommodation services for the elderly under the Domus Vida brand. |
| Sociedade Portuguesa de Serviços Residenciais (SPSR) | Target Company | Company | Owns the properties where elderly care facilities are located. |
| CUF Gestão de Clientes e de Serviços de Saúde | Bidding Company | Company | Acquired a 30% stake in SPS. |
| José de Mello Residências e Serviços (SGPS) | Bidding Company | Company | Acquired a 30% stake in SPSR. |
| Telles | Legal Advisor | Company | Provided legal advisory services for the transaction. |
| Portuguese Competition Authority | Government | Government | Gave non-opposition decision, allowing the completion of the transaction. |