The management team has acquired Referencia SAS
December 2018 — 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.
Our role in the transaction
Oaklins' team in Colombia acted as financial advisor in the specialty finance spin-off.
Talk to the deal team
Related deals
WestBridge has made a majority investment in Beckett Investment Management
WestBridge Fund Managers Limited has agreed to make a majority investment in Beckett Investment Management Group, a leading financial planning business in the east of England. The transaction is the fifth investment from WestBridge III and is subject to regulatory approval by the Financial Conduct Authority (FCA).
Learn moreMoneybox’s employee share sale has set another milestone for London’s Private Securities Market
The London Stock Exchange’s Private Securities Market (PSM) continues to demonstrate its potential as a venue for providing shareholder liquidity in high-growth private companies. Following the successful employee share sale for autonomous driving pioneer Wayve earlier this month, fintech leader Moneybox has completed a US$61 million (£45 million) employee liquidity event through the PSM. By structuring the transaction as an employee liquidity event, long-serving employees with vested equity have been able to realize some of the value they helped create while enabling Moneybox to remain private and continue its growth journey. Crowdcube managed the employee seller and investor participation process.
Learn moreEducbank has been acquired by Cogna
Cogna Educação, through its subsidiary Somos Sistemas de Ensino, has acquired an additional 47% stake in Educbank for approximately US$8.9 million, increasing its ownership from 43% to 90% and consolidating control of the platform. The transaction expands Cogna’s presence beyond its traditional enrollment-driven education business into the financial infrastructure that underpins school tuition collection.
Learn more