We advised the shareholders of TPCG Group Ltd. and Southern Trust on the sale of 100% of their shareholding to Aniter and Consultatio
Bruchou & Funes de Rioja acted as legal advisor to the shareholders of TPCG Group Ltd., based in the United Kingdom, owner of TPCG Valores S.A.U. (Argentina) and TPCG Financial Services Agente de Valores S.A. (Uruguay), and to the shareholders of Southern Trust S.G.F.C.I. S.A. (Argentina), in the sale of 100% of the shares of TPCG Group Ltd. and Southern Trust S.G.F.C.I. S.A. to Aniter S.A. and Consultatio Asset Management Gerente de Fondos de Inversión S.A. respectively, both controlled by Mr. Eduardo F. Costantini who was advised by the law firm Cibils│ Labougle │Ibañez.
The transaction involved the sale of the largest institutional brokerage business in Argentina, forming one of the largest independent non-banking financial services groups in both Argentina and Uruguay with strong regional projection.
TPCG is the main reference in the secondary trading of assets in Argentina and Uruguay for foreign institutional investors. It leads the segment of institutional investors and large local companies. Founded in 2012, Southern Trust specializes in asset management for institutional clients, companies, and high-income individuals.
Consultatio Financial Services is the financial and portfolio management arm of the Consultatio Group, with more than 30 years of experience in local and international markets. That same leadership extends to the Wealth Management division that provides a wide range of advisory and personal portfolio management services.
The team of Bruchou & Funes de Rioja was led by partner Estanislao H. Olmos and had the support of senior associate Franca Stafforini, and associates Macarena Rolón and María Bourdieu, as well as the participation of Daniela Rey, partner in charge of tax matters and Florencia Funes de Rioja partner of the labor practice.
Estanislao H. Olmos advises the sellers since 2017, and carried out the reorganization of the TPCG business, through the constitution of the holding in the UK, TPCG Group Ltd. that was completed in August 2019.
The team of the law firm Cibils│Labougle│Ibañez was led by partner Joaquin Ibañez, and had the support of senior associate Pamela Peralta Ramos, and associate Dominique Freysselinard; as well as partner Mario H. Antelo (on labor matters) and Pablo J. Cozzi (on regulatory and competition defense matters).
The sellers had the support of Jorge Álvarez de la Viesca, legal manager of TPCG and Southern Trust, and were represented in Great Britain by the firm Lewis Silkin, led by partner Sam Pennington. For his part, the buyer was advised by the firm Mills & Reeve, led by partner Thilo Schneider and associate Liam Closey.
One of the selling shareholders was advised by the law firm Saravia Frías Abogados, a team led by partner Miguel Francisco Bóo.