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Panama, June 30, 2025. Morgan & Morgan acted as legal counsel to Venasty Assets Corp., a Panamanian investment group led by Juan E. Melillo and Sergi Lucas Fernández, in connection with the negotiation and signing of a private share subscription agreement through which Venasty agreed to subscribe a majority stake in Grupo Bandelta Holding Corp. (GBHC), the parent company of Banco Delta, S.A. and its subsidiaries.
The transaction, which is conditioned upon the approval of the Superintendency of Banks of Panama regarding the change of control, involves the subscription of newly issued common shares by GBHC, granting Venasty a controlling position in the entity.
The Morgan & Morgan team involved in this transaction included partner Francisco Arias G., senior associate Mónica Moreno, and international associate Miguel Arias M.
About Venasty Assets Corp.
Venasty Assets Corp. is a Panama-based investment company specializing in banking transformation processes and institutional strengthening. The group, led by Juan E. Melillo and Sergi Lucas Fernández, brings extensive experience in commercial, regional, international, and investment banking. Its strategic focus is on operational modernization, enhanced corporate governance, and regulatory compliance. The transaction marks a key step in its vision to promote sustainable, digitally advanced financial institutions with a positive impact on local economic development.
About Banco Delta, S.A.
Banco Delta was founded in 2006 as the second microfinance bank in Panama, with a mission centered on transforming lives through access to credit and financial services. Over the years, it has established itself as a 100% Panamanian bank focused on serving traditionally underserved segments. The incorporation of Venasty Assets aims to strengthen the bank’s capital base, accelerate its digital transformation, and position it as a profitable, innovative institution with high standards of transparency and operational efficiency.