PT
Autoridade da Concorrência

Case details

Print
Merger control
Case reference
Ccent/2026/19 - Growth Blue*Velvetforest*EJ Investimentos / NBS WATER ENGINEERING
Acquiring
EJ Investimentos Lda.
Description
A company exclusively dedicated to the ownership and management of the shareholdings it holds in NBS Water.
Acquiring
Growth Blue – Fundo de Capital de Risco Fechado
Description
A closed-end venture capital fund created to invest primarily in small and medium-sized enterprises and mid-market capitalization companies integrated into the blue economy sector.
Acquired
NBS Water Engineering, S.A.
Description
A company dedicated to water and wastewater treatment, from conception and design to execution and operation of municipal and industrial treatment facilities.
Acquiring
Velvetforest - Unipessoal Lda.
Description
A company exclusively dedicated to the ownership and management of the shareholdings it holds in NBS Water.
Sector
  • Construction
Activity (NACE)
Applicable legislation
Art. 37(1)(c) (Law 19)
Notification thresholds
Turnover threshold
Type of merger
Conglomerate
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description

The merger operation consists of the acquisition of joint control of NBS Water Engineering, S.A. (“NBS Water”) by the following companies: Growth Blue – Closed Venture Capital Fund (“Growth Blues”), Velvetforest – Unipessoal Ltda. (“Velvet Forest”) and EJ Investimentos Ltda. (“EJ Investimentos”), collectively the (“Acquirers” or “Notifiers”).
Timeline
2026-04-29
AdC adopted a non-opposition decision in concentration operation Growth Blue*Velvetforest*EJ Investimentos / NBS WATER ENGINEERING
2026-04-08
Growth Blue, Velvetforest and EJ Investimentos notify the acquisition of joint control over NBS WATER ENGINEERING.
Click here to see your activities