SEGUROS COMMERCIAL AMERICA

Investment Date: October 1996

Seguros Commercial America is the largest insurance company in Mexico.

Hicks Muse led an investor group that provided financing for Seguros Commercial America to acquire Aseguradora Mexicana SA, a large Mexican insurance company. Wand led due diligence effort on behalf of the investor group which included: Hicks Muse; The Travelers; Morgan Stanley; TCW; and, Wand.

Seguros Commercial America was acquired by ING in July 2000.