White & Case Represents CARE in EDYFICAR Sale
New York,
October 14, 2009 ... Global law firm White & Case LLP advised CARE, the international humanitarian organization, in the sale of CARE's majority stake in Financiera EDYFICAR to Banco de Crédito del Perú, Peru's oldest and largest financial institution. Founded by CARE 11 years ago, EDYFICAR has grown to become Peru's second-largest microfinance institution by number of clients, serving more than 195,000 micro-entrepreneurs and households across the country. "This sale is a significant accomplishment for CARE," said William F. Wynne Jr., White & Case partner who led the transaction team. "White & Case is pleased to support CARE's mission of fighting global poverty and creating innovative microfinance opportunities." In addition to Wynne, counsel Daniel J. Kessler and associate Brian S. Vasandani worked on the transaction. About CARE CARE fights root causes of poverty in the world's poorest communities. In nearly 70 countries, CARE places special focus on working alongside poor women because, equipped with the proper resources, women have the power to help whole families and entire communities escape poverty. In Peru, CARE tackles poverty and social exclusion, contributing significantly to national priorities in nutrition, education, gender equity, maternal and child health, HIV and TB, water and sanitation, economic development and climate change. CARE projects in Peru benefit more than 500,000 of the poorest people in the country. About White & Case White & Case LLP is a leading global law firm with lawyers in 36 offices in 25 countries. Among the first US-based law firms to establish a truly global presence, we provide counsel and representation in virtually every area of law that affects cross-border business. Our clients value both the breadth of our global network and depth of our US, English and local law capabilities in each of our regions and rely on us for their complex cross-border transactions, arbitration and litigation provided by our global practices. Contact: Francine Minadeo Media Relations Manager White & Case LLP 1 646 885 2218
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