GarciaBodan Nicaragua provided comprehensive and successful legal counsel to Grupo Financiero Atlántida in the acquisition of 100% of the shares of Microfinanciera Fundeser, a prominent financial institution in Nicaragua.
Microfinanciera Fundeser specializes in offering microfinance services to entrepreneurs and small businesses, primarily in rural and low-income communities. With the integration of Microfinanciera Fundeser, Grupo Financiero Atlántida strengthens its presence in the Nicaraguan market, recognizing the significant potential of microfinance to drive development in countries across the region.
The GarciaBodan team, led by Partner Carlos Téllez and Senior Associates Dania Navarrete and Lía Incer, headed the legal due diligence process for the acquisition, ensuring that Grupo Financiero Atlántida had all the necessary information to move forward with the transaction. This process included identifying potential risks, evaluating latent contingencies, and advising on informed decision-making regarding the next steps.
In addition, the firm provided specialized counsel on tax, regulatory, and commercial matters to safeguard Grupo Financiero Atlántida's interests throughout all stages of the transaction.
About Grupo Financiero Atlántida
Grupo Financiero Atlántida is a well-established financial organization recognized for its strength and leadership, backed by over 112 years of experience. The group operates in El Salvador, Honduras, Nicaragua, Panama, Ecuador, and Spain. Its strategic vision has earned it a strong corporate reputation in the international financial sector, serving a client base of over 4 million across 6 countries through 24 companies, managing more than US $21 billion in assets, and employing over 6,000 people worldwide.