Today, FINCA Microfinance Coöperatief U.A. (FINCA Coöp), a Netherlands-based subsidiary of FINCA Microfinance Holding Company LLC and part of the FINCA Impact Finance global network, has entered a share purchase agreement and ancillary agreements with a consortium comprising TPL Corp Limited and Abhi (YC S21) (Private) Limited, for the acquisition of FINCA Microfinance Bank Ltd, Pakistan, marking a major milestone in Pakistan’s financial services sector.
Since April, Ahmed & Qazi has been engaged for representing FINCA Coöp as its sell-side Pakistani-law counsel for this deal, involving provision of end-to-end sell-side legal services, including:
— deal structuring
— provision of strategic advice
— advice on foreign exchange laws
— preparation of transaction documents
— negotiation of deal terms with the buyers
— identification and assistance in procuring regulatory approvals such as from SBP and CCP
— ensuring smooth completion of closing process
— support on post-closing obligations
The closing of the deal is now contingent upon securing the necessary regulatory approvals and satisfaction of the remaining closing conditions.
A&Q team is led by Nazif Ahmed (Head — Corporate) who is assisted by Altan Ahmed (Senior Associate) and other associates at the firm.
#mergersandacquisitions #microfinance #crossborder #divestment
