CMS Portugal advises Crest on Flosel acquisition
CMS Portugal has advised the Portuguese investment fund Crest III on its acquisition of the Flosel Group, a provider of electrical, hydraulic and mechanical installations.
The Flosel Group comprises three companies: Flosel – Instalações Eléctricas e Hidráulicas, KW – Instalações Mecânicas and the French entity Flosel – Installations Electriques et Hydrauliques (Flosel FR).
The acquisition takes Crest III into the electrical, hydraulic and mechanical installations market in Portugal and forms part of the fund’s growth strategy.
Advisory team
The CMS Portugal team was led by Corporate M&A partner João Caldeira. He was supported by managing associate André Guimarães, associates Francisca Pereira da Cruz and Inês Jones, and trainee Francisca Esquível.
