Ferrovial, S.A. (BME:FER) agreed to acquire a 24.99% stake in Portobello Capital Gestión, SGEIC, S.A. for €20 million on October 28, 2021. In a related transaction, Portobello Capital Gestión, SGEIC, S.A. reached an agreement to acquire a 75.1% stake in Infrastructure Services business in Spain of Ferrovial, S.A. for an enterprise value of approximately €186 million and earn-outs of around €50 million. If certain closing requirements are met, transaction is expected to close in the first quarter of 2022.

Greenhill & Co., Inc. acted as financial advisor to Portobello Capital.