Paul, Weiss, Rifkind, Wharton & Garrison advised Silver Lake in the deal.
Global private equity firm Silver Lake executed its acquisition of Grupo BC, the leading mortgage management, legal and digital services provider to the financial sector in the Iberian Peninsula and Latin America. Silver Lake, together with Grupo BC’s founding shareholders and management team, will acquire 100% of the company from L-GAM in order to foster the next phase of Grupo BC’s growth and value creation.
The transaction is expected to close in November. Financial terms of the deal were not disclosed.
Founded in 1974 and headquartered in Madrid, Spain, Grupo BC is a market leader across its key focus areas with more than 500,000 mortgage files processed per year and 5,300 employees.
The Paul, Weiss team included corporate partners Alvaro Membrillera (Picture) and Adam Wollstein; tax partner Rob Holo; and litigation partner Mark Mendelsohn and counsel Peter Jaffe.
Involved fees earner: Robert Holo – Paul Weiss Rifkind Wharton & Garrison; Peter Jaffe – Paul Weiss Rifkind Wharton & Garrison; Alvaro Membrillera – Paul Weiss Rifkind Wharton & Garrison; Mark Mendelsohn – Paul Weiss Rifkind Wharton & Garrison; Adam Wollstein – Paul Weiss Rifkind Wharton & Garrison;
Law Firms: Paul Weiss Rifkind Wharton & Garrison;
Clients: Silver Lake;