Wiese Group transfers W Capital Holding to Andino Investment Holding

Cuatrecasas has advised Wiese Group on the agreement to transfer W Capital Holding (“W Capital”) to listed company Andino Investment Holding S.A.A. (“Andino Investment”), belonging to the Andino Group.

W Capital operates in the Peruvian market through W Capital Servicios Financieros (“W SSFF”) and W Capital SAFI (“W SAFI”). W SSFF has ventured into the factoring market in recent years and W SAFI is a Peruvian investment management firm focused on real estate development. Cuatrecasas is also advising W SAFI on the Peruvian Securities Commission (“SMV”) authorization process, as well as on meeting other conditions precedent.

This transfer agreement will enable Andino Investment to strengthen its financial services development strategy and its presence in Peru’s investment funds market.

The team advising on the transaction and the SMV authorization process was led by lawyers in the Lima office, Corporate and M&A partner Diego Carrión,  Guido Maeda, Fernando Salhuana and Enzo Rodríguez.

Carrión said, “It was a challenging transaction. Both parties wanted to close the year with a purchase and sale agreement signed and the authorization file submitted to the SMV. The transaction required expertise in M&A and capital markets, something that is not very common in national transactions.”