BLP has advised Grupo Unicomer on acquiring the consumer credit finance company CrediScotia Financiera, a subsidiary of Grupo Scotiabank in Peru. The transaction closing is still pending authorization from the Superintendency of Banking, Insurance, and AFPs (SBS), the Peruvian supervisor of financial entities.
This acquisition will enable Grupo Unicomer to enter the Peruvian market. Grupo Unicomer manages a credit portfolio of more than $850 million, with installment loans, lines of credit, credit cards, and other financial services for over 2 million customers. Grupo Unicomer is present in 26 countries and operates 1,156 stores with more than 13,000 employees.
BLP Partner based in El Salvador Zygmunt Brett acted as external lead counsel in this transaction: