Bepsa del Paraguay
Bepsa del Paraguay a 30.9% equity stake was sold to Banco Continental
The transaction involves the sale by the Scavone Family of 30.9% of the shares of Bepsa del Paraguay S.A.E.C.A. (“Bepsa”) to Banco Continental, the second largest bank in the country. This transaction formalizes a strategic alliance between the Scavone Family and Banco Continental, to promote Bepsa’s growth and expand its service coverage in the credit card and debit card processing sector. Alpax acted as exclusive financial advisor to the Scavone family
Alpax is an independent investment bank that provides financial advice on mergers, acquisitions and fundraising in Latin America. The firm was founded in 2003 and has closed more than 120 transactions in M&A and Fundraising (in excess of US$4,000 million). Their added value is based on the international experience of their executives, local presence, a network of offices in five countries and a detailed knowledge of the sectors and industries in which they participate. Alpax is headquartered in Miami and currently has local offices in Bogota, Quito, Buenos Aires and Asuncion. Two additional offices will open in June 2015.