The management team has acquired Referencia SAS
The management team has acquired Referencia SAS.
Referencia is the spin-off of Refinancia’s specialty finance unit. With 50 employees, the company offers three main products: Li$to, Fenalcheque and loan guarantees. Li$to's point of sale credits finances an underserved consumer credit market in Colombia. Fenalcheque guarantees post-dated checks to retailers, educational and financial institutions. Loan guarantees are offered to financial institutions on certain types of loans such as education financing. Referencia has an exclusive access to Colombia’s largest merchant network. Private customers benefit from having competitive financing without using up credit card limits while professionals are provided with alternative financing that allows them to increase sales.
Oaklins' team in Colombia acted as financial advisor in the specialty finance spin-off.
Talk to the deal team
Associate DirectorBogotá, Colombia
The Responsible Group has sold a 30% stake to Royal London
Equity release specialists Responsible Life and Responsible Lending (the Responsible Group) have sold a 30% stake to The Royal London Mutual Insurance Society Limited (Royal London).Learn more
David Rubin & Partners has been acquired by Begbies Traynor Group
The shareholders of David Rubin & Partners Limited, a long-established recovery and insolvency firm, have sold the company to Begbies Traynor Group PLC.Learn more
Coastal Insurance Underwriters has been acquired by Constellation Affiliated Partners
The shareholders of Coastal Insurance Underwriters have sold the firm to Constellation Affiliated Partners.Learn more