I Squared Capital engages White & Case for stake in Colombia pipeline operator OCENSA

I Squared Capital, through its ISQ Global Infrastructure Fund II, has engaged law firm White & Case for the acquisition of an equity interest in Oleoducto Central (OCENSA) from Advent International.

OCENSA operates the largest crude oil pipeline in Colombia, which has a capacity of 680,000 barrels per day and transports approximately 75 per cent of the oil produced in the country. The company began operations in 1998 and is controlled and operated by CENIT Transporte y Logistica de Hidrocarburos, a wholly owned midstream-dedicated subsidiary of Ecopetrol.

The 848km pipeline is mostly underground and originates in the Llanos Basin, Colombia’s most prolific oil producing region, and ends at a wholly owned export terminal in the port of Coveñas, the main export port in the country.

I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities, telecom, transport and social infrastructure in the Americas, Europe and Asia. The firm has offices in Hong Kong, London, Miami, New Delhi, New York and Singapore.

The White & Case team was led by partners Marwan Azzi (pictured), Matthew Hurlock, Sherri Snelson and Steven Gee in New York, Steven Otillar in Houston and Yoko Takagi in Madrid.

The team also included counsel Katherine McCullough in Washington, DC, and associates Jordan Kobb in New York, Mahir Maini in London and Reyes Carjvales in Madrid.