Tanner Asset Management’s Acquisition of a $82 Million credit portfolio from Créditos, Organización y Finanzas S.A.


Ried | Fabres, Bórquez Yunge Asesoría Estratégica and Guerrero Olivos advised on the deal

Tanner Asset Management executed the acquisition of a $82 Million Credit Portfolio from Créditos, Organización y Finanzas S.A. (Cofisa).

Tanner Asset Management financed the acquisition with a loan secured with Banco Security.

Tanner Servicios Financieros S.A. is a non-bank credit institution. The Company offers funding solutions mainly to small and medium enterprises in Chile through factoring, leasing and credit services. Tanner also participates on car loans business, brokerage and asset management services.

Creditos Organizacion Y Finanzas S.A. was founded in 2006. The Company’s line of business includes providing various business services.

Ried | Fabres advised Tanner Asset Management Administradora General de Fondos S.A. with Alvaro Caviedes (Picture) Cristián Fabres, Pablo de la Cerda, Diego Gutiérrez and Christian Schiessler.

Bórquez Yunge advised Créditos, Organización y Finanzas S.A. (Cofisa) with Juan-Pablo Bórquez.

Guerrero Olivos advised Banco Security with Miguel Coddou and Matías Ríos.

Involved fees earner: Juan Pablo Bórquez – Borquez Yunge; Alvaro Caviedes Barahona – Ried Fabres; Cristián Fabres Ruiz – Ried Fabres; Christian Schiessler Quililongo – Ried Fabres; Miguel Coddou Astrain – Guerrero Olivos; Matías Ríos – Guerrero Olivos;

Law Firms: Borquez Yunge; Ried Fabres; Guerrero Olivos;

Clients: Banco Security; Tanner Servicios Financieros S.A; Créditos, Organización y Finanzas S.A. ;

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Author: Ambrogio Visconti.