The private equity fund Asterion Industrial Partners breaks into the medical transport business in Spain with the purchase of a 75% stake in the SGG Group, based in Seville and a fleet of more than 1,000 ambulances, as confirmed by La Información. Diego Prieto, founder and CEO of the group, will continue to lead the company with the aim of promoting a national and international growth plan. The National Commission for Markets and Competition (CNMC) has already been notified of the operation, of which the amount has not been disclosed, and is analyzing it in the first phase.
SSG is the second operator in medical transport services in Spain, both for public administrations and private entities, as well as for private services. It has more than 20 years of experience and an alliance with Asterion will allow it to continue growing. The company, which will maintain its headquarters in the Andalusian capital, and operates through more than 20 branches throughout the country.
Asterion Industrial Infra Fund II FCR, led by Jesús Olmos, raised 1.8 billion euros from 44 international investors in February last year, against the initial target of 1.35 billion euros. Asterion Industrial Partners is the main private equity fund in Spain, focused on mid-level infrastructure investments in Europe. Headquartered in Madrid with a presence in London and Paris, it combines transaction and operations expertise with an industry focus and active asset management within a long-term, agile, and independent platform.