Debevoise Advises AFP Habitat in Its Acquisition of Colfondos from Scotiabank and Mercantil Colpatria

14 August 2019

Debevoise & Plimpton LLP is advising Chilean pension fund administrator AFP Habitat in an acquisition announced by its controlling shareholders (Prudential Financial, Inc. and Inversiones La Construcción) of Colombian pension fund administrator Colfondos from Scotiabank and Mercantil Colpatria SA.

AFP Habitat is one of the largest pension fund administrators in Latin America and the largest in Chile, with $60 billion in assets under management. Colfondos is a pension fund administrator based in Colombia with $11.5 billion in assets under management. Scotiabank is Canada's international bank, with assets worth over CAD $1 trillion. Mercantil Colpatria SA is a holding company dedicated to investment activities in real and financial sector.

The team is led by corporate partner David Grosgold and includes corporate associate Thomas Lopez, IP counsel Judith Church and associate Jose Angel Lamarque, tax partner Gary Friedman and associates Lillian Jo Aston and Robert Nelson-Sullivan, benefits partner Meir Katz and associate Zain Kazmi and regulatory/compliance counsel Erich Grosz and associates Robert Dura and Carolina Kupferman.

Debevoise & Plimpton is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.