July 2010: Ibersuizas, Spanish private equity firm with nearly €600 million under management, acquires Multiasistencia Group in co-investment with US investment fund Hamilton Lane and financed by Banco Santander, BBVA and Banco Espirito Santo.

Founded in 1983, Multiasistencia is an independent provider of Business Process Outsourcing solutions to corporate clients, mainly in the banking and insurance sectors. The Group currently holds the leading market position in management and repair services for insurance and banking groups’ multi-risk homeowners’ insurance portfolios in Spain, France and Portugal. In 2009, Multiasistencia obtained revenues of c. €150 million and reached an EBITDA of more than €13 million.

SOCIOS advises the shareholders of Multiasistencia on the design, the negotiation and closing of the transaction.