Firm Represents Colombia’s Mercantil Colpatria S.A. in Acquisition of 49.77% in Banco Colpatria Multibanca Colpatria S.A.
06.02.11
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Simpson Thacher represented Mercantil Colpatria, S.A. in connection with its acquisition of a 49.77% stake owned by General Electric Capital Corporation in Banco Colpatria, one of Colombia’s leading banks. Mercantil Colpatria is a conglomerate whose business operations have a leadership presence in Colombia’s banking, construction, insurance, pension fund and mining sectors. Mercantil Colpatria has entered into a credit agreement with UBS and a syndicate of banks in order to finance part of the purchase price. The transaction is expected to be completed by the end of June 2011. Upon the consummation of the acquisition, Mercantil Colpatria will own approximately 99.8% of Banco Colpatria.
The Simpson Thacher team includes: David Williams, Borja Marcos and José Grajales (M&A), Christopher Brown, Anthony McMahon and Andrew Wolstan (Credit), Seojung Park (Tax) and Marcela Robledo (Intellectual Property).