Linzor acquires control and capitalizes Onest Colombia, a specialty credit operator


Linzor Capital Partners ( has bought a majority stake in Onest Colombia, partnering with the Company’s management team. Onest Colombia is a leading specialty credit company focused on payroll loans to public sector employees and financing of public vehicles. Linzor’s resources were used to buy a secondary stake in the business and strengthen the capital base of the Company with an equity contribution of approximately US$40 million.


Onest has over 20,000 clients throughout the country and an origination capacity of over US$125 million per year. With Linzor as partner, the Company will have a more solid capital structure, enabling it to grow and improve its credit offering in specialty segments.


Carlos Zuluaga, CEO and shareholder, stated “In Linzor we have found an ally that shares our vision of taking this company to the next level.”


Carlos E. Gomez, Linzor Capital partner says: “We have always been bullish about the Colombian market. The country has solid fundamentals and good growth prospects in the medium to long term. In Onest we found an opportunity to invest in this market alongside a solid management team”.


Onest was advised by the investment bank Landmark Capital and the law firm Garrigues. Linzor’s legal advisor was Gómez-Pinzón Zuleta.


Linzor Capital Partners is a leading private equity firm in Latin America, focused on the middle market and comprised of 20 investment professionals located in Chile, Argentina, Mexico and Colombia. This is Linzor’s third investment in Colombia, preceded by the acquisition of Colfondos in 2011. Linzor Capital Partners has investments in diverse sectors, including retail, financial services, industrial and education. Since its founding in 2006, Linzor has raised over US$1,200 million in capital commitments. Linzor currently manages three private equity funds: LCP I with commitments of US$181.5 million, LCP II with US$465 million, and LCP III with US$621 million, which closed earlier this year.

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