Orion Capital Managers completed the acquisition of the Portuguese business of Nexity.

Transaction Tags

• Portugal
• Real Estate Holding and Development
• Acquisition
• Majority
• Private
• Cross Border
• Private Equity
• Completed
• Friendly
• Single Bidder
• property investment

Synopsis

Orion Capital Managers, a private equity firm, completed the acquisition of the Portuguese business of Nexity, a real estate developer and investor. Financial terms were not disclosed. "These two disposals are perfectly in line with the strategy of reallocating capital to activities in France, in accordance with the timetable announced by Nexity in February 2023 at the time of its annual results. The proceeds from the disposals and the reduction in working capital requirement generated by the extinctive management of the remaining international operations will help to reduce the Group's debt and finance our operations in the field of sustainable cities.” Véronique Bédague, Nexity Chairwoman and CEO.

Sources