Cuatrecasas, through its Bogotá team, has advised Carlyle Global Credit Investment Management on its private issuance of notes to finance the acquisition of 32.13% of the shares of Sociedad Portuaria Terminal de Contenedores de Buenaventura (TCBuen) and a 50% stake in Terminal Logístico de Buenaventura (TLBuen).
The issue was secured under New York law and was made through a trust managed by the Colombian Infrastructure Equity Fund (CIEF).
The acquisition finance was structured through a private purchase and sale agreement under New York law and a security package under Colombian law, which required the coordination of the closing of the M&A simultaneously with the closing of the issuance.
Carlyle Group is a global investment firm with $325 billion of assets under management across three business segments and 498 investment vehicles. Carlyle Global Credit’s Infrastructure Credit Fund financed the acquisition, establishing itself in the infrastructure sector in Colombia and as a strategic ally in transportation projects.
Cuatrecasas’ team included partner Manuel Quinche (pictured left), senior associate Natalia Arango (pictured middle left), and associates Felipe Londoño (pictured middle right) and Natalia Serrano (pictured right).