Cuatrecasas represents Two in merger with LLP
Cuatrecasas has represented Two, a Special Purpose Acquisition Company (SPAC), in the signing of a business combination agreement with LatAm Logistic Properties (LLP), in connection with certain subsidiaries located in Colombia and Peru.
At the closing of the transaction, LLP and Two will merge into new subsidiaries of a Special Purpose Vehicle (SPV) to be formed in the future. The ordinary shares of the SPV, which will have an enterprise value of approximately US $578 million, will be listed on the New York Stock Exchange (NYSE) under the new ticker “LLP”.
LLP is a logistics real estate platform operating throughout Central and South America. Its portfolio consists of approximately 4.8 million square feet of gross leasable area under operation in a network of 28 facilities in Costa Rica, Colombia and Peru, located primarily in high-growth consumer centres. The company’s properties are designed and developed to offer greater accessibility, security and maximum choice, providing cost efficiencies for its multinational and regional clients.
The Cuatrecasas team was led by partner Felipe Mariño (pictured), from the Bogotá office, with support from partners Oscar Trelles and Ina Drago, and associate Maria Fe Álvarez from the Lima office, as well as associates Andrés Felipe Saldarriaga and Mateo Benjumea Botero from the Bogotá office.
