IDB Invest has granted a $40 million financial package to the companies Elcatex and San Juan Textiles, both members of Grupo Elcatex, one of the leading textile conglomerates in Honduras with more than 15,000 employees. The financing consists of $25 million from IDB Invest and the mobilization of $15 million. BLP advised IDB Invest on…
Category Archives: At BLP
At BLP, Blog, Business Law, Costa Rica
BLP advises Aptean on the acquisition of RLM Apparel Software Systems
14
Jul
Jul
BLP has advised Aptean, a global provider of business software solutions, on the acquisition of certain assets of the Costa Rican company JD Soft de Costa Rica S.A., as part of the acquisition process of its US affiliate company RLM Apparel Software Systems (RLM). RLM is a provider of cloud-based business software solutions designed specifically…
11
Jul
Jul
BLP has advised Banca de Inversión Bancolombia S.A., Banco Agrícola, S.A., and other local and foreign banks on a syndicated loan for up to $348 million, to the AES group. AES is the primary power distributor in El Salvador, and among the group of companies in El Salvador that benefited from this syndicated loan are…
06
Jul
Jul
BLP is pleased to announce the incorporation of Rodrigo Cubero, renowned lawyer and economist, as Senior Counsel. Rodrigo has a PhD in Economics from the University of Oxford, as well as degrees in law and business. He was President of the Central Bank of Costa Rica (BCCR) during the period 2018-2022. He served in senior…
At BLP, Blog, Business Law, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua
BLP advises Barentz International on the acquisition of Divsa in Central America
29
Jun
Jun
BLP has advised its client, Barentz International, a global distributor of ingredients in the life sciences industry, on the acquisition of 100% of the shares of Distribuciones Industriales Variadas, S.A. (Divsa) in a significant transaction involving eight jurisdictions (Guatemala, El Salvador, Honduras, Costa Rica, the Dominican Republic, British Virgin Islands, Panama, and Mexico.) Divsa is…
At BLP, Blog, El Salvador
BLP advised IDB Invest on a $70 million subordinated loan to Banco Agrícola S.A. in El Salvador
23
Jun
Jun
BLP advised IDB Invest on all matters related to closing a $70 million unsecured subordinated loan to Banco Agrícola S.A. of El Salvador. Banco Agricola will use the loan proceeds to support its supplementary capital structure and for the origination of sub-loans to small and medium-sized enterprises in El Salvador, with an emphasis on Salvadoran…
At BLP, Blog, El Salvador
BLP has advised IDB Invest on the first issuance of Sustainability Bonds in El Salvador
20
Jun
Jun
IDB Invest and Banco Promerica S.A., El Salvador (Banco Promerica) joined forces to issue the first Sustainability Bonds in El Salvador to finance green and social projects. BLP acted as legal advisor to IDB Invest in El Salvador during the transaction. IDB purchased the entire first tranche of $20 million out of a $100 million…
At BLP, Blog, Guatemala
BLP advises Emergent Cold Latin America (Emergent Cold LatAm) on the acquisition of Bodegas Frías in Guatemala
20
May
May
Emergent Cold Latin America (Emergent Cold LatAm), the fastest-growing cold storage and logistics services provider in Latin America, has acquired Bodegas Frías, the largest operator in Guatemala. BLP advised its client on all matters related to the acquisition, including performing due diligence on corporate, environmental, real estate, litigation, intellectual property, and regulatory issues to complete…
12
May
May
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…
At BLP, Blog
BLP advises Oaktree Capital Management in granting a US$225 financing facility to Establishment Labs
06
May
May
Establishment Labs Holdings Inc. (NASDAQ: ESTA), a medical technology company focused on women’s health, initially in the breast aesthetics and reconstruction market, today announced that it has entered into a $225 million term loan financing facility with funds managed by Oaktree Capital Management, L.P. (“Oaktree”). BLP advised its client Oaktree Capital Management on all aspects…