Constructel Visabeira SA, a subsidiary of the Portuguese multinational and multi-sector holding company Grupo Visabeira, SA, has signed a 200 million euros investment agreement with Goldman Sachs Asset Management, in exchange for a minority share. Proceeds from the investment will be used mainly to accelerate organic and inorganic growth through acquisitions, while supporting the company’s expansion strategy.

Constructel Visabeira is a leading service provider in the telecommunications and energy sectors, with more than 40 years’ experience.  The company has differentiated know-how in the design, engineering, construction, maintenance and operation of network infrastructures.  Constructel Visabeira’s integrated skills and wide range of adapted solutions positions the company as a market leader and ideal partner for operators. The company has a presence in Portugal, France, United Kingdom, Germany, Belgium, Denmark, Italy, Spain and the United States of America.

The continued migration to fibre optic technology, as well as an increased focus by operators on the deployment of 5G networks, IoT (Internet of Things) solutions, data centres and the evolution of electricity and gas network infrastructures will drive additional demand for Constructel Visabeira’s services in the main target markets.  To support this next phase of growth, Grupo Visabeira has opted for a partnership with a renowned international investor, while maintaining its independence.

Nuno Terras Marques, CEO of Constructel Visabeira and Grupo Visabeira, said: “Goldman Sachs quickly became the ideal partner for us. Their alignment with our strategic goals, the vastness of their international platform and experience in the sector will enable us to realize our full potential.”

The Goldman Sachs Asset Management team, led by Michele Titi-Cappelli, José Barreto, and Mihir Lal, commented: “Constructel Visabeira is at the forefront of the macro-trends of the digital transition, as well as the current modernization of energy infrastructure and the investment in renewable energies. We were impressed with the vision, execution capacity and innovation of the Constructel management team and are very excited to support an industry leader, under the leadership of Nuno Terras Marques, in this critical phase of acceleration of its growth trajectory.”

Alvarium and Nau Securities acted as financial advisers, Ernst & Young provided financial and tax advice and Vieira de Almeida & Associados provided legal advice to Constructel Visabeira. Oliver Wyman, Linklaters and Deloitte LLP supported Goldman Sachs in the transaction.

About Goldman Sachs Asset Management Private Equity:

Spanning traditional and alternative investments, Goldman Sachs Asset Management offers its clients around the world a dedicated partnership focused on long-term performance. As a leading investment area within Goldman Sachs (NYSE: GS) it provides investment and advisory services to leading global institutions, financial advisers and sole investors, from a deeply connected global network and staffed by experts with a wide range of expertise, across all regions and markets, with over 2 trillion dollars in assets under management worldwide, as of the 30th of September 2021. Driven by our clients’ passion for performance, we seek to build long-term relationships based on conviction, sustainable results and shared success over time.  Goldman Sachs Asset Management invests across the entire spectrum of alternative investment products, including private equity, growth capital, lending, real estate and infrastructure. The private equity arm of Goldman Sachs Asset Management has invested over 75 billion dollars since its founding in 1986. We combine our global network of contacts, a unique view of markets, industries and regions, and Goldman Sachs’ worldwide resources to develop businesses and accelerate value creation across our portfolios.