Promecap’s $6.88 Million Acquisition of Finterra Credits


Kuri Breña, Sánchez Ugarte y Aznar and Mayer Brown advised on the transaction

Promecap executed the acquisition of a portfolio of Finterra credits for $6,88 Million.

FinTerra is a Mexican company that serves SMEs in the agricultural sector. It began to operate as a Sofol (limited-scope financial institution), a regulated entity, and became a Sofom (non-bank lending and finance institution), an unregulated entity, in 2008 in accordance with provisions from the Mexican authorities that all Sofoles had to convert to Sofomes no later than 2013.

The company has a central office located in Mexico City and ten branches covering 70% of national territory where there is demand for agricultural financing.

Kuri Breña, Sánchez Ugarte y Aznar advised Promecap with a team including Guillermo Garay (Picture), Alfonso Alfaro Rincón Gallardo, Rodrigo Mauricio Velázquez Nava, Daniel García Hernández and Mariela Hinojosa Rodríguez.

Involved fees earner: Alfonso Alfaro – Kuri Breña Sánchez Ugarte y Aznar; Guillermo Garay Espinosa – Kuri Breña Sánchez Ugarte y Aznar; Mariela Hinojosa Rodríguez – Kuri Breña Sánchez Ugarte y Aznar; Rodrigo Velázquez – Kuri Breña Sánchez Ugarte y Aznar;

Law Firms: Kuri Breña Sánchez Ugarte y Aznar;

Clients: Promecap, S.A. de C.V.;

Author: Ambrogio Visconti.