Financiera TFC: Minority Sale


Sale of minority stake in Financiera TFC

In July 2016, Financiera TFC S.A. acquired 5.5% of its own common stock from Inversiones Peruanas Financieras (“IFP”), a Special Purpose Vehicle owned by the Latam Peru Fund and Latam Growth Fund.

TFC is a financial institution established in 1997 with USD 24 MM in revenues and USD 170 MM in gross loans. TFC focuses on providing financing to small and medium enterprises and individuals through financial instruments like commercial and mortgage loans.

Following TFC’s merger with Caja Rural de Ahorro y Crédito Los Libertadores de Ayacucho (“CRACLA”), IFP decided to exercise its right to spin off from TFC’s equity.

EFIC Partners acted as financial advisor of IFP throughout the spin off process from TFC.