Simpson Thacher represented Mercantil Colpatria, Anchor Fund and Linzor Capital Partners in connection with the sale to The Bank of Nova Scotia of 51% of the shares of Colfondos AFP. After completion of the transaction, Mercantil Colpatria will retain 49% ownership in the firm and Anchor Fund and Linzor Capital Partners will sell their entire minority stakes in Colfondos AFP. The transaction is subject to regulatory approval.
Mercantil Colpatria is a conglomerate whose business operations have a leadership presence in Colombia’s banking, construction, insurance, pension fund and health sectors. Anchor Fund and Linzor Capital Partners are private equity funds. Colfondos AFP is a leading pension fund company in Colombia, with more than US$9.25 billion in assets under management.
The Simpson Thacher team includes: David Williams, Borja Marcos and Felipe Mariño (M&A); and Rob Holo and Seojung Park (Tax).
