Invests with Founding Shareholders and Administration Group to Help Natural Development and Speed up M&A Roadmap for Iberia’s and Latin America’s Main Mortgage Administration, Authorized and Digital Providers Supplier
Madrid & London–(ANTARA/Enterprise Wire)- Grupo BC, the main mortgage administration, authorized and digital providers supplier to the monetary sector in Iberia and Latin America, immediately introduced that Silver Lake, a number one world know-how funding agency, along with Grupo BC’s founding shareholders and administration group, will purchase 100% of the corporate from majority holders L-GAM with the intention to foster the subsequent part of Grupo BC’s progress and worth creation.
Santiago Bellver, Chairman of Grupo BC, and Xavier Costa, CEO of Grupo BC, mentioned: “We’re grateful to L-GAM for the help and collaboration over the six years of their funding in Grupo BC, and delighted concerning the new partnership with Silver Lake, a number one world know-how investor which has positioned their belief in us and with whom we can strengthen our natural progress due to their technological experience and thru selective acquisitions. We are going to shortly talk the goals of our strategic plan and the composition of the brand new Board of Administrators.”
Christian Lucas, Co-Head of Silver Lake EMEA, mentioned: “Grupo BC is an excellent firm with a singular worth proposition as a scaled and tech-enabled supplier of mission-critical providers and software program to monetary establishments throughout Iberia and Latin America. We’re impressed by the way in which Santiago, Xavier and the remainder of the group have developed and repeatedly digitalized the Grupo BC platform over time, constructing it into the accomplice of alternative for purchasers throughout its ecosystem. Investing in impactful, main and technology-enabled enterprise fashions is on the core of Silver Lake’s DNA, and we really feel privileged to accomplice with administration as Grupo BC enters a brand new part of natural and inorganic progress.”
Felipe Merry del Val and Tito Soso, Companions at L-GAM, added: “Our journey with Grupo BC has been a exceptional story of transformation, a number of fold progress and success, and importantly a massively rewarding partnership with a world-class administration group led by Chairman Santiago Bellver and CEO Xavier Costa, whom we thank for the large effort and achievement. We want Grupo BC continued success of their future thrilling endeavours.”
Silver Lake’s funding is meant to additional product growth with the intention to strengthen and develop Grupo BC’s answer vary in addition to to proceed its track-record of pioneering digital innovation, in line with administration’s clear give attention to constructing out Grupo BC’s software program and information analytics capabilities to boost its client-centric options and drive continued natural and inorganic progress.
The transaction is anticipated to shut in November 2021. Additional phrases of the funding usually are not being disclosed. Socios Financieros and Canson Capital Companions served because the monetary advisors to Grupo BC and its shareholders. dwf-RCD served because the authorized advisor to Grupo BC and its shareholders. Paul, Weiss, Rifkind, Wharton & Garrison LLP and Uría Menéndez served because the authorized advisor to Silver Lake.
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