A group of national investors, led by João Brion Sanches and Arrow Global Group PLC (LSE:ARW) agreed to acquire Vilamoura Lusotur, S.A. from Lone Star Americas Acquisitions, Inc. for €70 million on May 24, 2021. Upon completion, João Brion Sanches will assume the position of Chief Executive Officer of Vilamoura Lusotur. Nuno Azevedo Neves of DLA Piper ABBC acted as legal advisor to Lone Star.