DLA Piper has advised Gecesa on the transaction through which Swiss Life, via its funds, has acquired a majority stake in Educare, one of the leading chartered school groups in the Madrid region. The transaction, valued at over 220 million euros, will enable the group to accelerate its growth and strengthen its position in the education sector.

Swiss Life AM has acquired the 50% stake held by the Abarca Cidón family—owners of HM Hospitales—through their company ATM, as well as part of the 50% controlled by Gecesa, the company through which Carlos Madruga, chairman and CEO of Educare, structured his investment. Madruga will remain a minority shareholder.

The DLA Piper team advising on the transaction was composed of Joaquín Echanove, partner; Luis Borrero, counsel; and Jorge Rahona, associate, all from the Corporate practice, together with José María Barrios, partner in charge of Regulatory, and Carlos Daza, Legal Director, from the same area.

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