PPU Colombia counsels Sophos on sale to Advent

PPU Colombia has assisted the shareholders of the company too

Philippi Prietocarrizosa Ferrero DU & Uría steered Sophos Solutions S.A.S. and its shareholders (Bolsa de Valores de Colombia S.A., Atul Malhotra, Amitt Agarwal, Mohanraj Subrahmaniam, Kaushal Vinodchandra Sheth and Mauricio Mosseri) in connection with the acquisition of an 84,83% stake in Sophos Solutions S.A.S. by Advent International through Global Gorgona SL.

Sophos Solutions was founded in 2006 by Indian visionaries and entrepreneurs, and since 2015, Grupo BVC has been its majority shareholder. The company has been a critical ally for the digital transformation and implementation of technological systems in financial institutions in Colombia.

The value of the deal surpasses $50 million.

Grupo Bolsa de Valores de Colombia president Juan Pablo Córdoba expressed “the investment in Sophos has been extraordinary. And thanks to it we entered in the world of technology services where we achieved many milestones, not only in our country but in Latin America, and today BVC is an important player in the fintech and entrepreneurship ecosystem in Colombia. During the last few years, the company showed robust growth in revenues and profits. This transaction provides us with a unique opportunity to make a significant and provide the group with the resources required to focus on the core of the business and to make the investments that are convenient to achieve these proposed strategic objectives”.

Philippi Prietocarrizosa Ferrero DU & Uría team was led by partner Claudia Barrero (pictured), and involved associates Luz María Mercado and Juliana Gómez.

DLA Piper Martinez Beltran acted as counsel to Advent with a tem led by partner Juan Manuel de la Rosa, and involved associates Juan Carlos Gambin, Carlos Gongora and Alejandro Restrepo.