Shearman & Sterling acted for Grupo Sura while Simpson Thacher represented the initial purchasers in the $550 million debt offering.
Grupo SURA is the parent company of a group of companies operating in the financial services sector in Latin America, including mandatory pension fund, voluntary savings and insurance companies. Grupo SURA is also the principal shareholder of bank Bancolombia, food company Nutresa and cement producer Argos.
Partner Juan Francisco Méndez led the Simpson Thacher team advising Merrill Lynch and JP Morgan, the inital purchasers of the offering.
Grupo SURA instructed a team at Shearman & Sterling fronted by partner Antonia Stolper.