Philippi, Prietocarrizosa, Ferrero DU & Uría advised Osorio Capital on its acquisition of a majority stake in Crezcamos, a Colombian microfinance company.
Crezcamos is a Colombian microfinance institution created in 2008. It serves small towns in the north-eastern regions of Colombia, where access to financial institutions is limited. The company promotes the development of regional agricultural producers and farming businesses.
The acquisition of the stake in Crezcamos required both debt and equity and negotiations with multiple shareholders. It was structered as a management buyout by Osorio Capital together with its strategic partner Southern Cross Group.
Osorio Capital obtained a loan for the acquisition and also retained PPU for this deal.
Partner Hernando Padilla led the PPU team advising Osorio Capital on the loan and the acquisition.
Southern Cross Group instructed Baker & McKenzie in Colombia.