Family enterprises are not uncommon in Latin America, where dynasties rule over large swaths of the regions economies. Still, among these captains of industry the Gilinski family stands out for its careful acquisitions in the areas of financial services and real estate, among other sectors.
Isaac and Jaime Gilinski have set The Gilinski Group on a growth course, keeping in mind the companys 80-year history, when it invested in one of the first industrial projects in the Valle del Cauca, on the Pacific Coast of Colombia. The Gilinski Group later became better known for its savvy investments Colombias banking sector. In the late 1970s, Isaac Gilinski bought Compaa Financiera Internacional [International Financing Company] and in the 1990s his son Jaime Gilinski acquired Banco Andino and Banco de Colombia. The Banco de Colombia purchase, and subsequent sale to Banco Industrial Colombiano for $418 million, ranks among the largest transactions in that countrys history. The Group later acquired Colombias Banco Sudameris and … Read the rest