Instacredit
Date: Feb 2016
Client: Instacredit
Counterparty: Credito Real
Industry: Financial Institutions
Amount: USD 70 million
Transaction:
Landmark Alantra acted as financial advisor to the shareholders of Marevalley Corporation, which is a holding company for Instacredit's Costa Rican, Nicaraguan and Panamanian operations, on the sale of 70% of its shares to Crédito Real. The transaction includes contingent payments based on future profit targets and a payment of US$ 21 million to refinance certain Instacredit liabilities. Instacredit grants loans to the low and middle-income segments of the population. Founded in 2000, it operates 52 branches in Costa Rica, 8 in Nicaragua and 1 in Panama. As of September 2015 Instacredit had a US$ 159 million gross loan portfolio. Crédito Real is a financial institution in Mexico focused on consumer lending, listed on the Mexican Stock Exchange (CREAL) with a market cap of US$ 833 million.
Feb 2016
Financial advisor to
on the sale of 70% of the shares to
USD 70 million
