INCORBANK S TO INVESTMENT BANKERS

What INCORBANK S TO INVESTMENT BANKERS does

Incorbank S.A. is a privately held, founder-led investment banking firm headquartered in Bogotá, Colombia, founded in 1988 and operating for over 35 years. The firm provides advisory services to Colombian and regional middle-market companies across five core product lines: mergers, acquisitions, and company sale/purchase (including MBO/LBO), project structuring and financing, corporate finance (debt, capital markets, and restructuring), financial advisory, and financial expert assessments (peritajes). Its core technology is human capital rather than proprietary software — no technology platform, AI/ML capability, or productized offering is disclosed, and service delivery depends on senior professionals engaging directly with company owners and management.

The business model is fee-based professional services: revenue is generated from discrete advisory mandates (M&A advisory fees, project finance structuring fees, corporate finance retainers, reorganization promotería fees), with no publicly disclosed pricing tiers or subscription model. Go-to-market is sales-led and relationship-driven, targeting three identifiable segments — Colombian middle-market companies, sector-specific niches (palm oil, infrastructure, engineering, financial, energy and fuels), and international/cross-border clients — through direct senior-partner engagement. Distribution leverages a Sector Allies network for vertical expertise and membership in CDI Global, a 51-year-old international investment banking network with 50 offices and ~1,600 cumulative transactions, which provides cross-border deal execution capability for sub-USD $300M EV middle-market deals.

The firm operates with 1–10 employees under founder Jaime Ricaurte Junguito, supported by directors Álvaro José Pedroza Campo and Ana María Ricaurte Azcuénaga, and is privately held with no evidence of institutional investor ownership, external funding rounds, or M&A activity. The customer base is concentrated and not publicly disclosed beyond the visible INVERAL HNOS & CIA LTDA reorganization mandate in agricultural retail, and the firm shows no signs of AI, software productization, or scaling beyond its boutique advisory footprint.

Name

INCORBANK S TO INVESTMENT BANKERS

Legal name

Incorbank

Website

https://incorbank.com

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

1–10 employees

Short description

Incorbank S.A. is a privately held, founder-led investment banking firm in Bogotá, Colombia, offering M&A, project finance, corporate finance, restructuring, and financial expert advisory services to Colombian middle-market companies, sector-specific niches, and cross-border clients via CDI Global network membership.

Ownership category

akta.pro rank

Headquarters

HQ city

Bogotá

HQ country

Colombia

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Investment Banking Advisory Fees: Fees for M&A advisory, company buyouts (MBO/LBO), project finance structuring, corporate finance, privatizations, tenders, and restructuring services. Revenue generated through professional advisory service engagements.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels2 records

Core offering

Incorbank is an independent investment banking firm that provides M&A advisory (including MBO/LBO), project finance structuring, corporate finance (debt and capital markets), financial expert assessments (peritajes), corporate restructuring, privatization and tender process management, and strategic partner identification for middle-market companies in Colombia. Services are delivered through direct senior-led engagements and supplemented by international transaction capability via its CDI Global network membership.

Product overview

Incorbank is an investment banking firm offering a unified suite of advisory and financial services for middle-market transactions in Colombia. The core offerings comprise Financial Peritajes (expert reports), Financial Advisory, Corporate Finance, Project Structuring and Financing, and M&A services. The company also provides cross-border advisory through its strategic membership in the CDI Global international network, enabling international transaction capabilities across North America, South America, Europe, Asia, and Oceania. Services range from due diligence and company valuations to leveraged buyouts, privatization processes, and capital market operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Fusión, Venta y Adquisición de Empresas (Mergers, Acquisitions, and Company Sale/Purchase) Advisory services for mergers, acquisitions, and company sale/purchase transactions, including Management Buyout (MBO) and Leveraged Buyout (LBO) structures, valuations, fairness opinions, strategic partner linkage, and privatization processes. Targeted at middle-market company owners and management teams in Colombia.
• Estructuración y Financiación de Proyectos (Project Structuring and Financing) Project finance services including feasibility studies, profitability analysis, risk identification and mitigation, financing options structuring, business plan development, marketing materials, and transaction closing support. Targeted at companies and sponsors requiring structured project financing in Colombia and the region.
• Finanzas Corporativas (Corporate Finance) Corporate financing services including syndicated and structured debt, capital markets products (bonds, stocks, commercial papers, securitizations), structured and tax optimization products, capital and debt structure optimization, corporate value optimization, and debt restructuring. Targeted at corporate clients seeking capital structure and financing solutions.
• Asesoría Financiera (Financial Advisory) Enterprise planning, strategy, and financial optimization advisory services, including assistance to state-owned enterprises in bidding processes and financial restructuring. Targeted at companies and government-related entities needing strategic financial guidance.
• Peritajes Financieros (Financial Expert Reports / Financial Peritajes) Financial expert assessments and evaluations of companies, including due diligence processes and valuation services for various financial and legal contexts. Targeted at clients requiring formal expert reports for transactions, litigation, or regulatory purposes.

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core and minor.

• CDI GlobalcoreStrategic or Co-development PartnerIncorbank is a member of CDI Global, an international investment banking network with 50 offices in major economic centers worldwide. CDI Global has advised clients on approximately 1,600 transactions over 51 years. Incorbank leverages this network for cross-border transaction advisory capabilities in North America, South America, Europe, Asia, and Oceania.
• Sector Allies NetworkminorStrategic or Co-development PartnerNetwork of expert allies in various sectors including Palm oil (Palma de aceite), Infrastructure, Engineering, Financial, Energy and Fuels sectors. Provides specialized sector expertise for targeted advisory engagements.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• BTG Pactual Colombia: BTG Pactual's Colombia operations offer full-service investment banking, asset management, and corporate lending in the Colombian market. Competes with Incorbank on M&A mandates but with substantially broader capabilities and balance sheet.
• Banca de Inversión Bancolombia: Investment banking arm of Colombia's largest commercial bank, offering M&A advisory, capital markets, and project finance to corporate clients. Competes directly with Incorbank in Colombian mid-market with the backing of a large balance sheet.

Regional players

• LarrainVial: Chilean investment bank and brokerage with strong LatAm regional presence offering M&A advisory, capital markets, and asset management. Comparable to Incorbank in providing regional cross-border advisory, though significantly larger and Chilean-anchored.
• Credicorp Capital: Peruvian investment bank within the Credicorp Group (formerly known as Adcap), offering M&A advisory, capital markets, and wealth management across the Andean region. Comparable to Incorbank as a regional boutique IB with cross-border capabilities.
• Actinver Casa de Bolsa: Mexican investment bank offering M&A advisory, capital markets, and asset management. Comparable to Incorbank in serving mid-market corporate clients across Latin America, though operating primarily in Mexico.
• IM Trust (BTG Pactual Chile): Chilean investment bank now part of BTG Pactual Chile, offering M&A advisory, capital markets, and corporate finance. Comparable to Incorbank as a regional boutique IB advisory firm with LatAm cross-border capability and similar mid-market orientation.

Direct peers

• Corredores Asociados: Colombian investment bank and brokerage offering M&A advisory, capital markets, and asset management in Colombia. Closely comparable to Incorbank as a domestic Colombian IB advisory firm serving mid-market and corporate clients.
• Ultraserfinco: Colombian brokerage and investment firm offering M&A advisory, capital markets, and asset management. Closely comparable to Incorbank as a domestic Colombian IB advisory firm with similar mid-market focus and boutique profile.
• GBM Colombia: Colombian operations of Grupo Bursátil Mexicano offering investment banking and brokerage services to corporate and institutional clients. Comparable to Incorbank as a Colombian-based IB advisory firm, though with broader Mexican group backing.
• Acciones & Valores: Colombian brokerage and investment firm offering M&A advisory and capital markets services. Closely comparable to Incorbank as a domestic Colombian IB serving corporate clients in the mid-market with a similar boutique profile.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/incorbank

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about INCORBANK S TO INVESTMENT BANKERS