Fundación Social to Acquire 18.845% Interest in Banco Caja Social from JPMorgan
01.07.16
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Simpson Thacher is representing Fundación Social, a nonprofit Colombian foundation, in connection with its acquisition from J.P. Morgan International Finance, Limited of a 18.845% interest in Banco Caja Social, S.A. (“Banco Caja Social”). Banco Caja Social is a Colombian commercial bank that provides financial services focused primarily on Colombia’s low and middle income population segments and micro, small and medium size businesses. Upon the consummation of the acquisition, which is subject to the satisfaction of certain conditions, Fundación Social and its affiliates will own approximately 90% of the capital stock of Banco Caja Social.
The Simpson Thacher team included Juan Francisco Mendez, Borja Marcos and Roberto Villaseca (M&A).