StepStone Unit, Greykite to Acquire Majority Stake in Vitalia
MT Newswires Live
Oct 16
StepStone (STEP) said Thursday its real estate arm and investment firm Greykite entered into a deal to recapitalize Vitalia by acquiring a majority stake in the Spanish senior care provider.
The companies will acquire a majority stake from Vivaly Investments by committing growth capital of over 500 million euros ($582 million).
Vivaly Investments and Vitalia's founder and senior management team will keep minority stakes in Vitalia, StepStone said.
Greykite will serve as the general partner on behalf of the shareholders, leading day to day management of the investment, the company said.
The deal remains subject to customary regulatory approvals.
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