Maj Investment Fund buys stake in GTV Globokasnet
GTV Globokasnet LLC, a Maryland, US-based company that operates a multi-bank payment network, has sold a 68.69% stake to Maj Invest Financial Inclusion Fund III K/S and Nuveen Global Impact Fund Canada Inc.
The transaction included the indirect transfer of Globokas Peru, a wholly owned subsidiary of GTV Globokasnet LLC, that offers correspondent agent network services to the most important banks, financial institutions, municipal savings banks and service companies in Peru.
More than 16 stakeholders were involved in the sale, and which included Elevar Equity II and Accion International. The name of the rest of the sellers is confidential.
Globokasnet was counseled in Peru by law firm Philippi Prietocarrizosa Ferrero DU & Uría (PPU), with a team led by partner Guillermo Ferrero, director Johana Timana (tax) and principal associate Raúl Vizcarra, as well as associate Jacqueline Febres. Victor Bravo also advised on regulatory matters of the transaction.
Goodwin Procter LLP and Rodrigo Elías & Medrano Abogados advised the purchasers, Maj Invest Financial Inclusion Fund III K/S and Nuveen Global Impact Fund Canada Inc.
Deloitte Peru advised Elevar Equity II (a shareholder of GTV Globokasnet) regarding tax matters of the transaction, with a team comprising partner Francois Peglau, manager Claudia Guzmán and attorney Daniela Beltrán.
Mayer Brown advised Accion International, with a team comprising partner David Carpenter and associate Emaunil A. Stoichev.
Globokas Peru’s in-house counsel Juan José Albitres also participated in the transaction.
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