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Finsocial

Date December, 2017
Client Finsocial
Counterparty Kandeo Private Equity
Industry Financial services
Amount Not disclosed
Transaction
Landmark advised the shareholders of Finsocial on the sale of 50% of its share capital through a capitalization process by Kandeo which involved the subscription of both ordinary and preferred shares.
 
Finsocial is a leading non-banking institution focused on payroll deduction loans in Colombia. The company has over 7,000 clients throughout the country and an origination capacity of more than US$ 60 million per year. Kandeo is a regional private equity firm with over US$ 400 million in Assets Under Management that invests in financial services companies with presence in Colombia, Mexico and Peru.