Alpha Latam names CFG Partners winning bidder for loan portfolio

By Sarah Lizee

Olympia, Wash., Nov. 8 – Alpha Latam Management, LLC named CFG Partners Colombia SAS the winning bidder for its loan portfolio and operating assets, according to a notice filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

The bid includes a cash consideration of $149.09 million.

As previously reported, the company had received court approval to enter into a stalking horse agreement with Cerberus South American Investments, LLC. The purchase price under the stalking horse agreement was about $137.25 million.

The stalking horse agreement includes a $3 million breakup fee and a $1 million expense reimbursement.

A sale hearing will be held on Nov. 16.

Wilmington, Del.-based Alpha Latam Management is a technology-enabled financial services company that provides consumer lending products in Colombia. The company filed bankruptcy on Aug. 1 under Chapter 11 case number 21-11109.

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