Portobello Capital Secures 49% Stake in Clínicas Mi with Baker McKenzie's Expertise
Deal News | Oct 31, 2024 | Iberian Lawyer
Baker McKenzie has played a key advisory role in the recent investment deal wherein Portobello Capital, a prominent private equity fund based in Spain, acquired a minority stake in Clínicas Mi. The acquisition allowed Portobello Capital to secure a 49% share, leaving the Masfurroll family with the majority holding of 51% in the healthcare group. The firm's legal counsel to Portobello Capital was led by a prominent team consisting of partners and associates specializing in M&A, tax, labor, and employment law. Specifically, the advisory was spearheaded by M&A partners Luis Casals and Luis Fuster, with additional support from senior associate Modesto Puerta and associates Andrea Iraola and Mara del Mar Venzal. It was further strengthened by expertise from Jaime Martínez-Íñiguez in tax matters, and Margarita Fernández and Antonio Fernández in labor and employment law. This involvement highlights Baker McKenzie's robust capabilities in facilitating significant private equity transactions within the healthcare sector, underscoring its strategic prowess in handling complex legal finance transactions.
Sectors
- Private Equity
- Healthcare
- Legal Advisory
Geography
- Spain – Portobello Capital is based in Spain, and Clínicas Mi operates within the Spanish healthcare sector, making Spain the primary geographical focus of this transaction.
Industry
- Private Equity – The involvement of Portobello Capital, a prominent private equity firm, indicates that the transaction falls within the private equity sector, focusing on investment activities in various markets.
- Healthcare – Clínicas Mi operates within the healthcare industry, providing context for the sectors involved in this transaction.
- Legal Advisory – Baker McKenzie provided significant legal advisory services, highlighting the transaction's connection to the professional services sector.
Financials
- 49% – The stake acquired by Portobello Capital in Clínicas Mi.
- 51% – The majority stake retained by the Masfurroll family in Clínicas Mi.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Portobello Capital | Investor | Company | A leading private equity fund in Spain, known for investing in various sectors, including healthcare. |
| Clínicas Mi | Target Company | Company | A healthcare group partially acquired by Portobello Capital, though the Masfurroll family retains majority control. |
| Baker McKenzie | Legal Advisor | Company | An international law firm advising Portobello Capital on this investment transaction, with a team specializing in M&A, tax, and labor law. |
| Masfurroll Family | Majority Shareholder | People | The family retaining a 51% majority stake in Clínicas Mi, holding control of the company. |