CFG Colombia Partners’ Acquisition of $149.5 Million Alpha’s Colombian Loan Portfolio and Certain Related Assets

Wachtell, Lipton, Rosen & Katz represented CFG in the deal.

CFG Partners L.P.’s subsidiary, CFG Colombia Partners SAS, was selected as the successful bidder at an auction to acquire certain assets of the affiliated debtors of Alpha Latam Management LLC.  The Buyer’s winning bid at a competitive auction conducted by Alpha under Section 363 of the United States Bankruptcy Court for the District of Delaware was for a cash purchase price of approximately $149.5 million and includes Alpha’s Colombian loan portfolio and certain related assets. 

AlphaCredit© is a technology-enabled, financial services company in Latin America that has historically provided consumer loans to individuals and financial solutions for SMEs in Mexico and Colombia.

CFG Partners L.P. is a digitally evolving branch-based consumer finance company offering unsecured personal loans and ancillary credit insurance products in Panama and the Caribbean.

The Wachtell Lipton’s team was led by Richard G. Mason (Picture), Richard K. Kim and Mark F. Veblen and included Hannah Clark, Associate, Kelley J. Merwin, Law Clerk (Corporate), Richard G. Mason, Partner, Adriane V. Sanchez, Associate (Restructuring and Finance), David E. Kahan, Partner, Sasha F. Belinkie, Associate (Executive Compensation and Benefits), Joshua M. Holmes, Partner (Tax).

Involved fees earner: Adriane Sanchez – Skadden Arps Slate Meager & Flom; Sasha Belinkie – Wachtell, Lipton, Rosen & Katz; Hannah Clark – Wachtell, Lipton, Rosen & Katz; Joshua Holmes – Wachtell, Lipton, Rosen & Katz; David Kahan – Wachtell, Lipton, Rosen & Katz; Richard Kim – Wachtell, Lipton, Rosen & Katz; Richard Mason – Wachtell, Lipton, Rosen & Katz; Mark Veblen – Wachtell, Lipton, Rosen & Katz;

Law Firms: Skadden Arps Slate Meager & Flom; Wachtell, Lipton, Rosen & Katz;

Clients: CFG Partners;