Uría Menéndez Advises Arrow Global Portugal on Majority Acquisition of Engexpor
The law firm Uría Menéndez has advised Arrow Global Portugal, the Portuguese subsidiary of the British fund management company Arrow Global, on its acquisition of a majority shareholding in Engexpor. Engexpor is a prominent Portuguese firm specializing in project and construction management. A statement released regarding the transaction noted that the move allows Arrow Global Portugal to solidify its footprint in the engineering and construction sector.
The acquisition is aimed at integrating specialized technical competencies into Arrow Global's operations, thereby reinforcing its value chain within the real estate industry. By gaining control of Engexpor, Arrow Global enhances its capacity to oversee development projects from start to finish, a strategic advantage in the current market. Engexpor has a long history in Portugal, managing a diverse portfolio of projects across various real estate asset classes.
The legal operation was managed by a team from Uría Menéndez's Commercial and M&A department. The team was led by partner Antonio Villacampa and partner Joana Torres Ereio. It also included senior associate Frederico Pinho Vieira, associate Teresa Russo, and associate Tiago Andrade Caleça. Their role involved navigating the legal complexities of the merger and acquisition process to ensure a successful closing of the deal.
This transaction represents a significant development in the Portuguese construction and real estate investment landscape. The integration of a leading project management firm into a major international investment fund reflects a trend towards vertical integration, where investors seek greater control over the execution of their development projects. The financial terms of the acquisition were not publicly disclosed.
Arrow Global has been an active investor in Portugal, with a portfolio that includes various asset classes. The addition of Engexpor's expertise is expected to support Arrow's existing and future development projects throughout the country. The move is seen by market analysts as a strategic step to de-risk investments and optimize project delivery in a competitive environment.
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