Australis Partners agrees to acquire Advent International’s 50 Percent Stake in Alianza Fiduciaria and Alianza Valores
Bogotá, Colombia, November 6, 2018 – An investor group led by Australis Partners (“Australis Partners”) today announced that it has reached a definitive agreement to acquire a 50 percent stake in Alianza Fiduciaria and Alianza Valores (collectively, “Alianza”) from Advent International (“Advent”), one of the largest and most experienced global private equity investors. Financial terms of the transaction were not disclosed.
Upon closing, Australis Partners and current 50 percent shareholder Organización DeLima, a firm with more than 60 years of experience in insurance brokerage and financial services, will create a new investment alliance to manage their collective investment in Alianza.
Gabriel Uribe, CEO of Alianza, said: “We are pleased to welcome this new investment from Australis Partners. This new partnership will strengthen our position as a leading independent trust and asset management company in Colombia.”
Enrique Bascur, Managing Partner of Australis Partners, said: “We look forward to our partnership with Organización DeLima and Alianza. We strongly believe in the future of the industry and wish to enhance Alianza’s position as a leading, state of the art asset manager in Colombia.”
Ernesto de Lima, President of Organización DeLima, said: “Our new investment alliance with Australis Partners will greatly assist in our ongoing work to continue Alianza’s growth trajectory. We look forward to utilizing the expertise, regional network and resources that Australis Partners offers as we explore additional growth channels for Alianza. We thank Advent for its significant contributions to the growth and success of Alianza.”
Mauricio Salgar, Managing Director of Advent International, said: “With our investment in Alianza, we have enjoyed a strong partnership with Organización DeLima, and with each one of the executives and employees of the Alianza companies. Over the last five years, we have grown Alianza’s asset management, trust services and brokerage businesses – translating into strong revenue and earnings growth. We believe we have found an ideal new investment partner for Alianza in Australis Partners and look forward to watching Alianza continue to do well.”
The transaction is subject to Colombian regulatory approval and other customary closing conditions.
About Alianza Fiduciaria S.A. and Alianza Valores Comisionista de Bolsa S.A.
Alianza Fiduciaria is a leading Colombian trust and asset management company with more than 30 years in the sector. It manages more than 5,200 trust businesses, offers 12 different asset management alternatives including mutual funds and voluntary pension funds and manages approximately $18 billion in consolidated assets. Alianza Fiduciaria has a ‘Excelente(col)’ rating by Fitch Ratings de Colombia S.A., and a AAA rating by Value & Risk in counterparty risk. Alianza Valores is one of the leading brokerage houses in Colombia with more than 60 years of experience in the sector, offering alternatives of fixed income, equities, foreign exchange, among others. Alianza Valores has a ‘Fuerte(col)’ rating by Fitch Ratings de Colombia S.A., rating that applies also for high net-worth individual portfolios (APT).
About Australis Partners
Australis Partners is an independent investment firm that manages private equity funds with a focus on the Pacific Alliance countries of Mexico, Colombia, Peru and Chile. Founded in 2014 by former senior investment professionals of CVCI Latin America, its partners have led 21 investments, deployed more than $1 billion in capital and developed extensive experience investing in the firm’s core markets across the region. For more information, visit www.australispartners.com.
About Organización DeLima
Organización DeLima is a group of well-respected Colombian businessmen who have successfully participated for more than 60 years in the creation and development of different enterprises in a range of sectors in Colombia and the surrounding region, such as insurance brokerage, financial services, beverage production, documentary and audiovisual solutions, import and distribution of vehicles, agricultural activities, among others. The group has gained recognition for developing successful partnerships with global firms such as Marsh & McLennan Companies, a partner with which it maintained a relationship for more than 50 years in creating one of the leading insurance brokerage platforms in Latin America, Delima Marsh S.A, and Advent International, a strategic partner in Alianza Fiduciaria and Alianza Valores.
About Advent International
Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested in over 340 private equity transactions in 41 countries and as of 30 June 2018 it had $41 billion in assets under management. With offices on four continents, Advent has established a globally integrated team of more than 190 investment professionals across North America, Europe, Latin America and Asia. The firm focuses on investments in five core sectors: including business and financial services, healthcare, industrial, retail, consumer and leisure, and technology, media and telecom. After more than 30 years dedicated to international investing, Advent remains committed to partnering with management teams to deliver sustained revenue and earnings growth for its portfolio companies. In Latin America, Advent has offices in Mexico, Brazil, Peru and Colombia. The Bogotá office opened in 2011 and focuses on investments in the Andean Region and Central America. For more information, visit www.adventinternational.com.