Pérez-Llorca advises CVC on sale of majority stake in UAX
Pérez-Llorca has advised CVC Funds on the sale of a majority stake in Universidad Alfonso X el Sabio Group (UAX) to a partnership formed by the international private equity firm Cinven, UAX founder Jesús Núñez, and Mubadala Investment Company. UAX is a private higher education platform in Spain. Jesús Núñez and the management team will reinvest in UAX, founded in 1993 in Madrid.
CVC Funds invested in UAX in 2019 alongside the founding family. Over the last 6 years, UAX has been transformed into a professional and scalable higher education platform. UAX has recently invested more than €350m to enhance and expand facilities, including new campuses in Madrid and Málaga. As a result, total student numbers have increased from 8,000 to 35,000.
The Pérez-Llorca advisory team was composed of Álvaro Ramírez de Haro, partner in corporate; Elena Veleiro, partner in regulatory; Isabel Moya, partner in employment, compensation and benefits; Alberto Ibort, partner in planning; Andy Ramos, partner in intellectual property, industrial and technology; Francisco Gómez, Jorge Flores, Fernando Quintana and Ignacio Sánchez, corporate lawyers; Víctor Corpa, regulatory lawyer; Eva del Amo, real estate lawyer; Sofía Pueyo, employment, compensation and benefits lawyer; and Natalia Ruigómez, planning lawyer.
On the picture, from left to right: Álvaro Ramírez, Elena Veleiro and Francisco Gómez.
