Grupo Pellas’ $20 Million Acquisition of Banco ProCredit Nicaragua S.A.


Consortium Legal and Mendieta + Co. advised on the deal

Corporación Financiera de Inversiones (CFI), operating as a subsidiary of Grupo Pellas, acquired Banco ProCredit Nicaragua S.A. for $20 Million.

Grupo Pellas, a business conglomerates, engages in businesses that range from agro energy to distribution of hardware and software, commercialization of auto-motors, production and selling of liquors, banking and health services, and others. The Firm, led by Carlos F. Pellas, is based in Managua.

Consortium Legal advised Corporación Financiera de Inversiones, S.A. with Carlos Taboada (Picture), Rodrigo Taboada, Gerardo Hernández, Bertha Xiomara Ortega, Darliss Gordon, Eduardo Logo, Meyling Sampson, Yahoska Meléndez, Queenie Bendaña and Maria Lizeth Prado.

Mendieta + Co. advised Grupo Pellas with Edwin Mendieta and Alberto Rondón.

Involved fees earner: Carlos Taboada Rodriguez – Consortium – Legal; Eduardo Logo C – Consortium – Legal; María Lizeth Prado – Consortium – Legal; Rodrigo Taboada – Consortium – Legal; Gerardo Hernandez – Consortium – Legal; Bertha Xiomara Ortega C. – Consortium – Legal; Darliss Gordon A. – Consortium – Legal; Yahoska Meléndez R. – Consortium – Legal; Queenie Bendaña Q. – Consortium – Legal;

Law Firms: Consortium – Legal;

Clients: Grupo Pellas;

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Author: Ambrogio Visconti.