Macquarie AM on €310 million acquisition of 40% stake in Luz Saúde: Advisors

Macquarie Asset Management, through its Macquarie European Infrastructure Fund 7, has reached an agreement to acquire a 40% stake in Luz Saúde, one of Portugal’s leading private healthcare groups, for approximately €310 million.

The shares will be acquired from Fidelidade, Portugal’s largest insurance company, which will retain the remaining 60% stake in Luz Saúde. The healthcare group operates 14 private hospitals, 15 outpatient clinics, and one senior residence, delivering specialised services across more than 65 medical specialties with a workforce of over 5,300 healthcare professionals nationwide.

Advisors

Clifford Chance advised Macquarie Asset Management on the transaction. The team was led by Javier Amantegui (partner, Private Equity / M&A), alongside Javier Olabarri (counsel), Patricia Puertas (senior associate) and Sofía Albiñana (associate). Antitrust matters were coordinated by Begoña Barrantes (senior counsel) and Ana Latorre (senior associate).

For Portuguese law aspects, Clifford Chance collaborated with leading local firm Morais Leitão. The Morais Leitão team included a group led by partners Diana Ribeiro Duarte and Ricardo Andrade Amaro, with the participation of coordinating associates Rute Carvalho da Silva and Helder M. Mourato.