A group of law firms have helped US insurance company Assurant sell back stakes in assets in Argentina, Brazil and Colombia to Mexican local services assistance company Iké Grupo Empresarial, in a deal worth for US$40 million.
Assurant turned to Debevoise & Plimpton LLP in New York; Nader, Hayaux & Goebel in Mexico City, Marval O'Farrell Mairal in Buenos Aires; Machado Meyer Advogados in São Paulo and Brigard Urrutia in Bogotá.
Iké’s counsel has asked to remain confidential. The deal closed on 11 May.
Assurant had acquired a 40% stake in Iké's subsidairy Iké Asistencia in 2013, and passed on the option to take 100% control in 2019, deciding instead to sell back to the original owner.
Iké Asistencia offers a wide range of services, including medical, legal and educational advice. It operates in Argentina, Brazil, Colombia, Mexico and in Puerto Rico.
Assurant is a Fortune 500 company headquartered in New York. It has wide international operations, including a Latin American presence in Argentina, Brazil, Chile, Colombia, Mexico and Peru.
Counsel to Assurant
In-house counsel - Lila Subramanian and Yadira Rivera
Debevoise & Plimpton LLP
Partner Jennifer Chu and associate Matthew Parelman in New York
- Nader, Hayaux & Goebel: Partners Luciano Pérez and Alejandro Mendiola, and associates José Raúl Jasso, Juan Pablo Sáinz and Daniella Ramírez in Mexico City, and partner Yves Hayaux-du-Tilly in London
- Marval O'Farrell Mairal: Partners Diego Krischcautzky, Francisco Abeal and Macarena García Mirri, and associate María Soledad Noodt Molins in Buenos Aires
- Brigard Urrutia: Partner Alejandro García and associate Nicolas Cardona in Bogotá
(Latin Lawyer - 12/06/2020)