Intercorp Financial Services’ $468 Million Initial Public Offering

Simpson Thacher represented J.P. Morgan Securities LLC, BofA Securities, Inc., and Itau BBA USA Securities Inc., as underwriters, in connection with the US$468 million initial public offering and NYSE listing of common shares by Intercorp Financial Services Inc. (IFS).

The common shares of IFS are now traded on the Lima Stock Exchange and the New York Stock Exchange.

IFS is a holding company, with leading market positions in the banking, insurance and wealth management sectors in Peru. IFS operates through its subsidiaries Banco Internacional del Peru SAA-Interbank, Interseguro Compania de Seguros SA and Inteligo Group Corp.

The Simpson Thacher team was led by Juan Francisco Mendez (Picture) and included Matias Anchordoqui and Eduardo Camara (Capital Markets), and Jonathan Cantor (Tax). Summer Associate Humberto Romero Carrillo also provided significant assistance on the transaction.

Involved fees earner: Matías Anchordoqui – Simpson Thacher & Bartlett; Eduardo Camara – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Juan Francisco Mendez – Simpson Thacher & Bartlett; Humberto Romero Carrillo – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Bank of America Securities; Itaú BBA USA Securities; J.P. Morgan Securities LLC;

Author: Ambrogio Visconti