TransUnion Netherlands II B.V. acquired 71% stake in Central de Informacion Financiera from a group of investors for approximately COP 450 million.
February 08, 2016
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TransUnion Netherlands II B.V. acquired 71% stake in Central de Informacion Financiera from a group of investors for approximately COP 450 million in cash on February 8, 2016. Group of investors include Bancolombia S.A. (BVC:BCOLOMBIA), Banco de Occidente, S.A., Corporación Financiera Colombiana S.A. (BVC:CORFICOLCF), Banco Comercial AV Villas S.A. (BVC:VILLAS), Citibank - Colombia S.A., Banco GNB Sudameris S.A., Banco Colpatria Red Multibanca Colpatria S.A., Banco Popular S.A. (BVC:POPULAR), Banco Caja Social S.A., Banco Bilbao Vizcaya Argentaria Colombia S.A. (BVC:BBVACOL), Banco Davivienda, S.A. (BVC:PFDAVVNDA), Banco Corpbanca Colombia S.A. and Banco de Bogota S.A. (BVC:BOGOTA). Bancolombia sold 106.504 common shares of Cifin for a total amount of COP 629.563 per share, which, together with the stakes sold by the other shareholders party the sale agreement, represents in the aggregate a 71% stake in Cifin. The transaction was financed through its revolving credit facility. Inverlink acted as financial advisor to Transunion. Sergio Michelsen Jaramillo of Brigard & Urrutia Abogados acted as legal advisor for Transunion. Jaime Robledo Vásquez of Gómez-Pinzón Abogados acted as legal advisor for Banco Comercial AV Villas S.A.
TransUnion Netherlands II B.V. completed the acquisition of 71% stake in Central de Informacion Financiera from Bancolombia S.A. (BVC:BCOLOMBIA) and others on February 8, 2016.
Banco Bilbao Vizcaya Argentaria Colombia S.A. is a Colombia-based company, which is a private banking institution. The main activity of the Company includes making loans to public and private sector companies and individual loans. It also develops international banking activities, privatizations, financial projects and other banking activities in general, as well as leasing services. The Company's segments include Commercial Banking, Enterprise and Institutional Banking (EIB), Corporate and Investment Banking (CIB) and Assets and Liabilities Committee (COAP). The Commercial Banking segment is responsible for managing the retail business and the segment of individuals. The EIB segment is responsible for the clients of companies and the public sector. The CIB segment is responsible for corporate clients. The COAP segment is the internal banking that manages the Bank's liquidity and sets the transfer prices for resources going to and from all other banking segments.
BANCO BILBAO VIZCAYA ARGENTARIA COLOMBIA S.A. 
