Bruchou & Funes de Rioja advised the shareholders of Decréditos S.A. (“Decréditos”) on the sale of 51% of their shares to GPAT Compañía Financiera, a member of the Banco Patagonia Group. The transaction resulted in a strategic alliance between Decréditos and Banco Patagonia S.A. (“Banco Patagonia”).
Decréditos primarily engages in granting pledge financing for vehicle acquisition and marketing insurance products related to this segment. The acquisition aims to strengthen the joint offering of financial services and consolidate a prominent strategic position in the local market, complementing Banco Patagonia and its shareholder group's market reach and presence.
The Bruchou & Funes de Rioja team advising Decréditos was led by partner Estanislao H. Olmos (M&A), with the support of senior associate Hernán Alal and associates María Bourdieu and Felipe Rufino. The team also included senior associate Youssef El Chaer (Corporate Governance) and associate Carolina de Felipe.
PwC Argentina acted as exclusive financial advisor to the selling shareholders throughout the transaction process, with a team led by Ignacio Aquino, Juan Tripier, Valeria Bocco, and Facundo Lorenzo Lugones.
Curtis, Mallet-Prevost, Colt & Mosle LLP advised Banco Patagonia through its M&A team led by partners Esteban Daireaux and Rodrigo de Nuñez, and associate Bárbara Garcia Hamilton.