The Firm represented Merrill Lynch, Pierce, Fenner and Smith Incorporated and Morgan Stanley & Co. LLC, as initial purchasers, in connection with an offering of US$350 million of 4.375% Notes due 2027 issued by SURA Asset Management S.A., a Colombian company, and guaranteed by its subsidiaries SURA Asset Management Chile S.A., SURA Asset Management México S.A. de C.V., SURA Asset Management Perú S.A. and SURA Asset Management Uruguay Sociedad de Inversión S.A. The offering was conducted in reliance upon Rule 144A and Regulation S under the U.S. Securities Act of 1933.
SURA Asset Management S.A. is the largest pension fund manager in Latin America, as measured by assets under management as of December 31, 2016, with a diverse range of savings solutions through mandatory pension funds, voluntary savings products, and life insurance and annuities. SURA Asset Management S.A. operates primarily in Colombia, Mexico, Peru, Chile, Uruguay and El Salvador through its subsidiaries, at the time it is one of the principal subsidiaries of Grupo de Inversiones Suramericana S.A., its controlling shareholder (Grupo SURA).
The Simpson Thacher team for the debt offering included, among others, Juan Francisco Méndez, Kirsten L. Davis and Adriana Perez Cavazos (Capital Markets); and Jonathan Cantor (Tax).