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Industry News

Advent Exits Alianza Fiduciaria and Alianza Valores in Sale to Australis

6 November 2018

Australis Partners announced it had reached an agreement to acquire a 50% stake in Alianza Fiduciaria and Alianza Valores from Advent International.
Update: According to Australis Partners’s Press Release, published in June 11th, CDPQ and IFC  participated in the round and finalized the acquisition.
Read more information here.

(Press Release) An investor group led by Australis Partners (“Australis Partners”) today announced that it has reached a definitive agreement to acquire a 50 percent stake in Alianza Fiduciaria and Alianza Valores (collectively, “Alianza”) from Advent International (“Advent”), one of the largest and most experienced global private equity investors. Financial terms of the transaction were not disclosed.

Upon closing, Australis Partners and current 50 percent shareholder Organización DeLima, a firm with more than 60 years of experience in insurance brokerage and financial services, will create a new investment alliance to manage their collective investment in Alianza.

Gabriel Uribe, CEO of Alianza, said: “We are pleased to welcome this new investment from Australis Partners. This new partnership will strengthen our position as a leading independent trust and asset management company in Colombia.”

Enrique Bascur, Managing Partner of Australis Partners, said: “We look forward to our partnership with Organización DeLima and Alianza. We strongly believe in the future of the industry and wish to enhance Alianza’s position as a leading, state of the art asset manager in Colombia.”

Ernesto de Lima, President of Organización DeLima, said: “Our new investment alliance with Australis Partners will greatly assist in our ongoing work to continue Alianza’s growth trajectory. We look forward to utilizing the expertise, regional network and resources that Australis Partners offers as we explore additional growth channels for Alianza. We thank Advent for its significant contributions to the growth and success of Alianza.”

Mauricio Salgar, Managing Director of Advent International, said: “With our investment in Alianza, we have enjoyed a strong partnership with Organización DeLima, and with each one of the executives and employees of the Alianza companies. Over the last five years, we have grown Alianza’s asset management, trust services and brokerage businesses – translating into strong revenue and earnings growth. We believe we have found an ideal new investment partner for Alianza in Australis Partners and look forward to watching Alianza continue to do well.”

The transaction is subject to Colombian regulatory approval and other customary closing conditions.