Intercorp $268 million acquisition of Seguros Sura and Hipotecaria Sur

Value:

$ 268 million

Status:

Announced

Date:

1/6/2017

Overview:

Intercorp has acquired insurance companies Seguros Sura and Hipotecaria Sura from Sura Asset Management and Grupo Wiese for $268 million.
As the deal is subject to Peru's banking and insurance regulator SBS approval, the price may vary.
Grupo Sura’s subsidiary Suramericana acquired RSA’s Latin American assets in September 2015.

Katrin Kostadinova - Data analyst

Jurisdiction:

Colombia

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

Colombia

Industry sectors:

Financial services
Insurance

Firms:

Milbank

Party: Intercorp Financial Services (Acquirer)

Lawyer: Marcelo Mottesi

Miranda & Amado

Party: Intercorp Financial Services (Acquirer)

Lawyers: Rafael Corzo, Roberto MacLean

Rebaza Alcázar & De Las Casas

Party: Sura Asset Management (Seller)

Party: Grupo Wiese (Seller)

Lawyer: Luis Miguel Elías

Simpson Thacher & Bartlett

Party: Sura Asset Management (Seller)

Party: Grupo Wiese (Seller)

Lawyer: Juan Méndez

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Intercorp $268 million acquisition of Seguros Sura and Hipotecaria Sura

1/6/2017

Public acquisition

Overview:

Jurisdiction:

Deal type:

Practice area:

Governing law:

Industry sectors:

Firms:

Related deals

Will Towers Watson / Aon merger

Generali €600 million acquisition of Seguradoras Unidas and AdvanceCare

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