PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2026/28 - Draycott / Square*Square II
Acquiring
Draycott Capital, S.A.
Description
Its main objective is to provide strategic and financial consulting services to companies, business analysis for investment purposes, preparation of company valuations, and provision of training services in the financial area. Draycott controls DRAYCOTT - SCR, S.A., a venture capital company dedicated to managing venture capital funds, investing in companies with high development potential. Draycott also owns Next Number - Sociedade de Mediação Imobiliária, Lda., which operates in real estate brokerage for the purchase and sale of properties.
Acquired
Square Asset Management - Sociedade Gestora de Organismos de Investimento Coletivo, S.A.
Description
Square is a collective investment undertaking management company that exclusively manages real estate investment undertakings and, through them, manages real estate assets, leasing them in different market segments.
Acquired
Square Asset Management II Consulting – Gestão e Consultoria Imobiliária, Lda.
Description
It is dedicated to providing real estate consulting services in the areas of acquisition, management and sale of properties or portfolios of properties.
Sector
  • Trade and Services
Activity (NACE)
  • L6820 - Renting of own or leased real estate
Applicable legislation
Art. 37(1)(c) (Law 19)
Notification thresholds
Turnover threshold
Type of merger
Vertical
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 exclusive control, by Draycott Capital, S.A. (“Draycott”), over the companies Square Asset Management – ​​​​Sociedade Gestora de Organismos de Investimento Coletivo, S.A. (“Square”) and Square Asset Management II Consulting – Gestão e Consultoria Imobiliária, Ltda. (“Square II”), collectively referred to as (“Acquired Companies”).
Timeline
2026-05-27
AdC adopted a non-opposition decision in concentration operation Draycott / Square*Square II
2026-05-07
Draycott notifies the acquisition of exclusive control over Square and Square II
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