DLA Piper represented Qualitas Controladora, S.A.B. de C.V., a Mexican public insurance company, in its acquisition of HDI Seguros, S.A., a Peruvian insurance company. The transaction is effective pending approval of the relevant governmental agencies.
Qualitas is the leading company in the Mexican automobile insurance market and also has a presence in other North and Central American countries. The company is currently expanding its international operations in order to develop a strong presence in foreign markets while using the same business model and continuing to excel in its offered services.
The DLA Piper team was led by partner Xavier Mangino (Picture) and associate Joaquín Gallástegui (both of Mexico City) and included partners Ricardo Escobar, Sergio Barboza and Luis Vargas (all of Lima).
Involved fees earner: Ricardo Escobar – DLA Piper – Pizarro, Botto & Escobar; Sergio Barboza – DLA Piper – Pizarro, Botto & Escobar; Luis Vargas – DLA Piper – Pizarro, Botto & Escobar; Xavier Mangino – DLA Piper; Joaquín Gallástegui – DLA Piper;
Clients: Qualitas Controladora;