StepStone Real Estate and Greykite have teamed up to acquire a majority stake in Spanish senior care provider Vitalia from CVC and Portobello Capital funds in a €1.5 billion recapitalisation deal.
The partnership has agreed to acquire the interest in Vitalia from Vivaly Investments, a portfolio investment of CVC Fund VI and Portobello Capital Fund III, and commit over €500 million in new growth capital.
Vivaly Investments and Vitalia’s founder and senior management team will both retain minority stakes in the company.
European real estate investment firm Greykite will be acting as the general partner on behalf of the shareholders, leading the day-to-day management of the investment.
Source: realassets.ipe.com on the 17th of October