Linzor Capital Partners Acquires a Majority Stake in Onest Colombia (Latin America)

Source: Linzor Capital

Latin America-focused private equity firm Linzor Capital Partners has acquired a majority stake in Onest Colombia, a Colombia-based specialty credit company focused on payroll loans to public sector employees and financing of public vehicles. The transaction included a primary investment of US$40 million and a secondary component of an undisclosed amount. Onest will use the new funds to solidify its capital structure, with the aim of growing and improving its credit offering in specialty segments.