The management team has acquired Refinancia SAS
The management team has acquired Refinancia SAS. Financial details shave not been disclosed.
Refinancia SAS provides credit management services. It purchases and manages non-performing loans (NPL) and consumer debt portfolios in Colombia and Peru, with over 40% of market share. Refinancia has deployed over US$150 million of capital in NPLs since inception, which represent more than 160 portfolios. The company also offers its servicing and collection solutions to top banks in Colombia, as well as to specialty finance businesses. With over 800 employees, Refinancia expects revenues of around US$25 million in 2019.
Oaklins' team in Colombia advised the management team in this transaction.
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