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We advised Los Portales on the sale of its parking business to AC Capitales.

21/8/2023
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Payet, Rey, Cauvi, Pérez Abogados advised Los Portales S.A. in the transfer of 85% of the shares of Los Portales Aparcamientos S.A. in favor of three funds managed by AC Capitales SAFI. Los Portales made the sale on June 30 2023, for a value that has not been disclosed.

Los Portales Aparcamientos S.A. is in charge of the parking business line of the Los Portales group, which operates in the real estate sector, marketing hotels and apartments. It has a history of more than 50 years and operates in eight cities in the country.

The PRCP lawyers involved in the transaction were our partner José Cúneo and our senior associate Erick Lau, both M&A specialists.

Check out more details in the following note from Lex Latin: