Milbank LLP advised Holding Davivienda International S.A. and certain of its subsidiaries in connection with the $150 million issuance of common shares to the International Finance Corporation (IFC), a member of the World Bank Group focused on private sector development in emerging markets. Through this transaction, IFC acquired a 7.1% stake in Holding Davivienda International.
Davivienda, part of Conglomerado Financiero Bolívar, is a leading Latin American financial institution serving over 25 million customers across six countries. The company offers a wide range of banking and financial services and is recognized for its focus on innovation and sustainable growth.
The Milbank deal team was led by Corporate Finance and Securities partner Adam Brenneman and Corporate/M&A partner Francisco Nuñez with associates Fernando Vial Comber and Francisco Troconis.
