Microfinanciera Fundeser has been sold to Grupo Financiero Atlántida
December 2024 — Incofin has successfully exited its investment in Microfinanciera Fundeser in Nicaragua through two of its funds: Rural Impulse Fund II (RIF II) and agRIF. It has sold 100% of its stake in Microfinanciera Fundeser to Grupo Financiero Atlántida through its subsidiary, Inversiones Tres Lagos.
Founded in 2000, Microfinanciera Fundeser is a Nicaraguan institution with an outstanding track record in the microfinance sector, recognized for its commitment to local economic development. With a loan portfolio of US$40.5 million — more than 60% of which is concentrated in rural areas — Microfinanciera Fundeser serves 16,839 clients through a broad network of branches across 14 of Nicaragua’s 17 departments. The institution offers a diversified portfolio of products designed to support micro and small businesses with accessible financial solutions.
Grupo Financiero Atlántida is a leading financial institution with over 112 years of experience and a strong presence in El Salvador, Honduras, Nicaragua, Panama, Ecuador and Spain. Through its strategic vision, the organization has earned international recognition, serving a portfolio of more than four million clients across six countries. The group operates 24 companies, manages over US$21 billion in assets and employs over 6,000 people. Grupo Financiero Atlántida is committed to fostering growth and development in the markets it serves, with a focus on key economic sectors including banking, insurance, pensions, leasing, brokerage and investments.
Rural Impulse Fund II is a US$125 million fund launched in 2010. The fund focuses on alleviating poverty in rural areas by investing in microfinance institutions that play a transformative role in underserved regions. agRIF is an impact fund launched in 2015, with US$150 million under management. The fund invests in financial institutions and intermediaries that support the agricultural sector and rural economies, promoting sustainable growth and financial inclusion.
Our role in the transaction
Oaklins’ team in Colombia served as the sell-side advisor to Incofin in the sale of 100% of its stake in Microfinanciera Fundeser to Grupo Financiero Atlántida.
Talk to the deal team
Related deals
Terhills Resort by Center Parcs has been acquired by TwentyTwo Real Estate
Terhills Resort, a premium resort in Belgium combining luxury and nature located near Hoge Kempen National Park and operated by Center Parcs, has been sold by venture capitalist LRM to TwentyTwo Real Estate, an independent real estate investor and operator. Both the real estate and the operations were included in the transaction, and Center Parcs is staying on board as an operational partner.
Learn moreBolster Investment Partners has secured debt financing for the acquisition of Royal Taste Company
Bolster Investment Partners has partnered with Royal Taste Company, a leading Dutch custom signature coffee platform offering end-to-end sourcing, blending, roasting, packaging and delivery services. The partnership marks an important next step in Royal Taste Company’s growth trajectory, focused on further geographical expansion, commercial development and selective strategic acquisitions.
Learn moreUKAT Group has acquired Bayberry Limited
UK Addiction Treatment (UKAT) Group, a leading UK provider of residential addiction, mental health and behavioral health treatment backed by Sullivan Street Partners, has acquired Bayberry Limited, a specialist mental health and wellbeing treatment provider. Joining UKAT enables Bayberry to preserve continuity of care for patients and referral partners, retain the strength of its clinical team and benefit from UKAT’s operational infrastructure, referral network and marketing channels. This partnership supports Bayberry’s next stage of development while preserving the qualities that differentiate its service offering.
Learn more