History

Our entrepreneural story begins in the early 20th century in the business of oil

milestones of our story 

IGLI TIMELINE

1912

The Vergara family acquires minority shareholding in companies in the Colombian wood and meat-packing industries. Later, a stake in the Banco Nacional de Sabanas

1933

A venture stake in the South American Gulf Oil Company is acquired to exploit oil resources and build a 421-kilometer pipeline to the port-town of Coveñas

1936

A stretch of coastal land in Northern Colombia is sold to the South American Gulf Oil Company to build an oil export port

1938

Compañía de Servicios Mineros e Industriales (COMI) is established to manage pipeline and port facility services

1940

Sociedad de Inversión Gran Caribe Ltda. (SIGCA) is established to control the family’s assets

1941

SIGCA acquires a stake at Cervecería Barranquilla y Bolívar S.A.

1966

SIGCA acquires a minority stake in the Colombian flag-carrier Avianca

1970

SIGCA, as a family business, is sold to Etablissement de Financement et de Participation Industriels B.V., led by Edgar Vergara

1976

IGLI is established as a family investments firm and wholly owned by Etablissement de Financement et de Participation Industriels

1980

IGLI acquires Manufacturas, Armadurías y Repuestos Ecuatorianos S.A., entering the automobile assembling business

1981

IGLI acquires minority stake at the Italian Montedison Group after an agreement with the Ferruzzi Group

1982

IGLI becomes a holding company exclusively under control of the Vergara Poeti-Marentini family

1983

Through the acquisition of 47.6% of stake at Finanziaria Agroindustriale, IGLI becomes stockholder at Eridania Italia SpA and European Sugars France

1984

IGLI acquires its first 9.77% in MSC, the world’s second largest shipping company, in agreement with the Aponte family

1986

IGLI, through its controlled automotive holding in South America, starts operating the Fiat factory in Belo Horizonte, Brazil

1987

With the acquisition of Fondiaria-Sai, Italy’s largest car insurer and listed company, IGLI expanded its presence in the automotive sector

1988

IGLI begins to operate assembling factories for Chrysler, Jeep, Dodge and RAM in South America

1990

The investments in Montedison Group are sold as part of a holding reorganization plan

1993

IGLI acquires a minority shareholding in Finmeccanica, an Italian multinational company specializing in aerospace, defense and security

1994

IGLI acquires Unicredito, an Italian holding company, formed by Cariverona Banca (83.5%) and Cassamarca (16.5%)

1998

IGLI sells Unicredito to Credito Italiano, a merger that formed Unicredit SpA, italy’s largest bank

1999

IGLI acquires a minority shareholding in Union Bancaire Privée (UBP SA) of Switzerland

2001

IGLI executes a second reorganization plan, creating Mercure International for the specialized management of its investments

2002

Financiere de Participations Internationales is established

2009

IGLI establishes BI, an investment holding, which becomes the Group’s core private equity firm

2017

The second generation of the Vergara Poeti-Marentini family assumes control of IGLI

2018

The Mercure brand is expanded with the reorganization and establishment of an Investment, Management and Holding

OUR SUBSIDIARY COMPANIES 

Mercure and BI

IGLI manages assets through two specialized holding companies: Mercure International and BI private equity.

Mercure manages portfolio companies, investments and seeds through its main holding and subsidiary companies: Management, Investment and Holding.

BI is our private equity unit, which invests our revenues in a diversified portfolio of international investments.

Unicorns and Seeds

We primarily invest in AI, blockchain and bitcoin technologies

Listed companies

Our direct investments from the food/beverage industry to major international corporations

Specialized businesses

Our investments mainly in unlisted companies, from financial services to clothing and textiles

Private equity

Our private equity investments in 3 funds: Master, Master Compartment and Endowment

1976-present

Quick numbers

Year Established
NAV
Companies Owned
Employees

CEOs of SIGCA and IGLI (1940-present)

Miguel Vergara

CEO (1940-1976)

Edgar Vergara

CEO (1976-2017)

Max Vergara Poeti-Marentini

CEO (2017-2022)

IGLI is a holding that was built for the future. It is not only a success, but an example of how to turn a small family business into an efficient large company with investments in all continents.”

Edgar Vergara
FOUNDER AND CEO OF IGLI (1976-2017)

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