BAC International Corporation successfully completed the acquisition of 99.57% of Multi Financial Group, Inc. — the holding company of Multibank — one of the most significant transactions in Panama’s financial market. Alcogal served as Panamanian legal counsel, covering all corporate, banking, and regulatory aspects. Led by partners Rafael Marquínez and Patricia Cordero.
Alcogal acted as legal advisor to Grupo Cibest S.A. in connection with the execution of a promise to purchase and sell agreement for the sale of 100% of the shares of Banistmo, S.A., one of Panama’s most significant financial institutions. The transaction was agreed with Inversiones Cuscatlán Centroamérica S.A., a financial group with a strong …
Alcogal advises Grupo Cibest on the sale of Banistmo Read More »
We are proud to announce that we have supported our client, The Bank of Nova Scotia, in the successful closing of the integration of its operations in Colombia, Costa Rica, and Panama with Banco Davivienda. This transaction required a strategic approach and the involvement of a multidisciplinary Alcogal team. The integration will significantly strengthen Banco …
Alcogal acted as Panamanian legal advisor to IDB Invest in its participation as anchor investor in Banistmo S.A.’s sustainable bond issuance for a total amount of USD 100 million. This transaction, which involves the subscription of IDB Invest bonds in Panama’s public securities market, aims to expand access to credit for women-led SMEs and support …
Alcogal advised Banco Ficohsa (Panama), S.A. on the registration of its Corporate Securities Revolving Program for up to US$30,000,000.00, structured by Global Bank Corporation. The transaction involved our partner Rafael Marquínez, together with associate Lilah Levin, reaffirming the firm’s commitment to legal excellence in the Panamanian capital markets. Through this engagement, Alcogal strengthens its role …
We acted as Panamanian legal advisors in Bladex’s first international AT1 bond issuance, which reached an amount of USD 200 million and received strong interest from international investors. The transaction featured Bank of America Securities and J.P. Morgan Securities, LLC as lead coordinators, and Jefferies as co-manager.The lawyers involved in this transaction were Arturo Gerbaud, …
Alcogal acted as legal counsel to Scotiabank, as arranger, and to a syndicate of 14 banks, in a USD 350 million syndicated loan granted to Naturgy Panama. The transaction supports the operations and strategic initiatives of a key player in the country’s electricity distribution sector.
Our firm provided legal counsel, achieving the incorporation of BBVA Colombia into Panama’s prestigious International Banking Center. This milestone not only represents a strategic step for BBVA Colombia in its expansion, but also reaffirms Panama as a key and robust jurisdiction for regional financial operations.
Alcogal provided comprehensive advisory to BAC International Bank, Inc. in the closing of a USD 500 million international syndicated loan — the most significant of its kind in the history of Panamanian banking. The transaction involved SMBC, JPMorgan, and Wells Fargo. The legal team was led by partners Patricia Cordero and Rafael Marquínez.
Alcogal advised Sumitomo Mitsui Banking Corporation, Citigroup Global Markets and JP Morgan Chase Bank, N.A., as arranger, as well as the creditors, on a loan to Global Bank Corporation for USD200 million. Alcogal’s advisory team was made up of our partner Eloy Alfaro B., along with senior associate Rita de la Guardia. This operation also …