19 Dec 2025

StepStone and Greykite acquire majority stake in Vitalia Home

"Cuatrecasas advised CVC Advisers Services and Portobello Fund III on the sale of a majority stake in Vitalia Home to StepStone and Greykite. Completed in November 2025 after customary conditions were met, the transaction reduces CVC’s holding from 80% to about 10%, matching the founder, while Portobello exited."

Cuatrecasas advised CVC Advisers Services and Portobello Fund III on the sale of a majority stake in Vitalia Home to StepStone and Greykite. The transaction, which follows negotiations that began earlier in the year, was completed in November 2025 once the customary conditions precedent for a deal of this type had been satisfied. Vitalia Home is a group specialising in comprehensive care and the management of social and healthcare services for the elderly. The deal involved the transfer of a majority stake previously controlled by CVC. CVC, which until the transaction held an 80% interest in the group, now retains approximately a 10% stake—equal to the ownership held by the company’s founder and chairman. Portobello Capital, which until now held around 10% of the capital, has exited the shareholding structure. Cuatrecasas represented CVC Advisers Services and Portobello Fund III with a team composed by: Javier Martí-Fluxá (team leader); Marcos García, Carlota Tojo, Sol Sánchez and Estela Castillo (M&A and Corporate practice); Miguel Cruz and Carla Albert (Finance practice); and Enrique Carrera, Julene Areitio, Pablo López and Mario Más (Competition and FDI practice).
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