Simpson Thacher Represents Grupo Rizek on Financing of its Acquisition of Scotiabank’s Pension Fund and Insurance Businesses in the Dominican Republic
05.24.19
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Simpson Thacher represented Grupo Rizek Inc. (“Grupo Rizek”) in connection with the financing of its acquisition of Scotia Crecer AFP and Scotia Seguros S.A., Bank of Nova Scotia’s pension and pension-related insurance businesses in the Dominican Republic which was completed on April 30, 2019. The Firm also represented Grupo Rizek in connection with the acquisition of these businesses which closed on April 30, 2019.
Grupo Rizek is one of the largest diversified conglomerates in the Dominican Republic, including investments in financial services and agro-industrial sectors.
The Simpson Thacher team included Jaime Mercado, Soogy Lee and Pablo Richards (Credit); Jasmine Hay (Tax); Michael Isby and Adeeb Fadil (Environmental); and Borja Marcos and Matias Anchordoqui (M&A).