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Onest Colombia

Date September, 2015
Client Onest Colombia
Counterparty Linzor Capital
Industry Financial services
Amount Not disclosed
Landmark Capital advised the shareholders of Onest Colombia S.A.S. on the sale of a controlling stake to Linzor Capital Partners. The transaction included a capital increase of US$ 39.2 million. Onest is a leading specialty credit company focused on payroll loans and public vehicles financing in Colombia with over 20,000 clients throughout the country and an origination capacity of US$125 million per year. Linzor Capital is a leading private equity firm in Latin America, with presence in Mexico, Colombia, Chile, Argentina, Peru and Uruguay and investments in various sectors including education, retail and financial services. In early 2015 Linzor closed its third fund of US$621 million.