Search

Lender with $1BB in Assets Retains Excend for Equity Transaction

Lender requires equity injection to improve capital ratio to facilitate ongoing growth


Lima, PERU - December 10, 2020


A small business lender with 2,100 employees, 77 branches and 35 years operating in the Peruvian market engages Excend to manage the process of acquiring a new strategic equity partner to inject capital in order to strengthen the lender's balance sheet and thereby facilitate immediate and future portfolio expansion.

Adverse market conditions attributable to pandemic-related economic contraction have resulted in increased portfolio defaults and a reduction in demand for new financings--which together necessitate an equity injection to satisfy the prescribed capital ratios required of lending institutions

About Excend

Excend provides investment banking services to middle market organizations.

7 views