30 Oct 2025

"Pérez-Llorca Advises CVC Funds on Sale of Majority Stake in Universidad Alfonso X el Sabio Group"

"Pérez-Llorca has advised CVC Funds on the sale of a majority stake in Universidad Alfonso X el Sabio Group (UAX) to a partnership including Cinven, UAX founder Jesús Núñez, and Mubadala Investment Company. UAX, a private higher education platform in Spain, has grown significantly since CVC's investment in 2019, increasing student numbers from 8,000 to 35,000 and investing over €350m in new facilities and campuses. Jesús Núñez and the management team will reinvest in the institution."

Pérez-Llorca advised CVC Funds on the sale of a majority stake in Universidad Alfonso X el Sabio Group (UAX) to a partnership formed by Cinven, UAX founder Jesús Núñez, and Mubadala Investment Company. The transaction involved the sale of a majority stake in UAX, a private higher education platform in Spain, which was founded in 1993 in Madrid. CVC Funds, which invested in UAX in 2019 alongside the founding family, has transformed the institution into a professional and scalable higher education platform over the last six years. UAX has invested over €350 million to enhance and expand its facilities, including new campuses in Madrid and Málaga, leading to an increase in total student numbers from 8,000 to 35,000. Jesús Núñez and the management team will reinvest in UAX as part of the transaction. The Pérez-Llorca advisory team included Álvaro Ramírez de Haro (partner, corporate), Elena Veleiro (partner, regulatory), Isabel Moya (partner, employment, compensation and benefits), Alberto Ibort (partner, planning), Andy Ramos (partner, intellectual property, industrial and technology), Francisco Gómez (corporate lawyer), Jorge Flores (corporate lawyer), Fernando Quintana (corporate lawyer), Ignacio Sánchez (corporate lawyer), Víctor Corpa (regulatory lawyer), Eva del Amo (real estate lawyer), Sofía Pueyo (employment, compensation and benefits lawyer), and Natalia Ruigómez (planning lawyer).
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