International Finance Corporation’s $143 Million Sale of its interest in Banco Davivienda


Posse Herrera Ruiz and Gomez Pinzón advised on the deal

Compañía de Seguros Bolívar S.A., Inversora Anagrama Inveranagrama S.A.S., Inversiones Financieras Bolívar S.A.S., Grupo Bolívar S.A., Seguros Comerciales Bolívar S.A. and Capitalizadora Bolívar S.A., executed the acquisition of a minority Stake in Banco Davivienda S.A., from International Finance Corporation for $143.5 Million.

Banco Davivienda S.A. provides banking services to individuals, families, small and medium-sized enterprises, and builders in Colombia. The firm, led by Efrain Enrique Forero Fonseca, Luz Maritza Perez Bermudez and Alvaro Alberto Carrillo Buitrago, in 2018 recorded $3.59 billion revenues.

Posse Herrera Ruiz advised Compañía de Seguros Bolívar S.A., Inversora Anagrama Inveranagrama S.A.S., Inversiones Financieras Bolívar S.A.S., Grupo Bolívar S.A., Seguros Comerciales Bolívar S.A. and Capitalizadora Bolívar S.A. with Gabriel Sánchez (Picture), Jaime Herrera and Pablo Martínez.

Gomez Pinzón Abogados advised International Finance Corporation on the deal.

Involved fees earner: Jaime Herrera – Posse Herrera Ruiz; Pablo Martínez – Posse Herrera Ruiz; Gabriel Sánchez – Posse Herrera Ruiz;

Law Firms: Posse Herrera Ruiz;

Clients: Capitalizadora Bolivar SA; Compania de Seguros Bolivar S.A.; Grupo Bolivar SA; Inversiones Financieras Bolívar S.A.S.; Inversora Anagrama Inveranagrama S.A.S.; Seguros Comerciales Bolivar S.A. ;