Palamon and G Square-backed Sar buys Mapfre Quavitae

Grupo Sar, which will now manage the company, plans to rent residential homes from Mapfre and Caja Madrid over a period of 30 years, as many of the firm's buildings remain in the hands of the vendors.

Quavitae reported a turnover of €139m in 2009.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Susannah Birkwood on +44 20 7004 7524 or susannah.birkwood@incisivemedia.com

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