PHR represents Odinsa in alliance with MAM
Posse Herrera Ruiz has represented Odinsa, Grupo Argos’ concessions company, in the closing of its alliance with Macquarie Asset Management (MAM), an infrastructure asset manager, for the operation and investment in Odinsa’s road infrastructure business in Colombia.
This transaction was announced on 2 September 2021 and closed on 22 June 2022 for $566,826,070,566, after complying with the conditions precedent, which included formalities with national authorities such as the Superintendencia Financiera, the Superintendencia de Industria y Comercio and the Agencia Nacional de Infraestructura, as well as obtaining authorisations from financiers, insurers, the concessions and their shareholders.
Thanks to this operation, the new investment platform will hold the shares of the road projects owned by Odinsa in Colombia: Pacífico 2, Túnel Aburrá Oriente, Autopistas del Café and Malla Vial del Meta; it will also obtain the participation in projects and initiatives in structuring, which include the expansion of the Túnel de Oriente, in Antioquia; Perimetral de la Sabana, in Cundinamarca and Conexión Centro, in the Eje Cafetero.
Willkie Farr & Gallagher LLP also advised Odinsa; while Gibson Dunn & Crutcher LLP and DLA Piper Martínez Beltrán acted as advisors to Macquarie.
María José Ramírez and Eduardo Bettin acted as in-house counsels to Odinsa.
Willkie Farr & Gallagher LLP’s team consisted of partners Jorge H. Kamine and María Leticia Ossa and lawyers Matthew Vitrola, Pablo Benjumea Gutiérrez and Christian Vidaurre.
Gibson Dunn & Crutcher LLP’s team was led by partner Tomer Pinkusiewicz, assisted by counsel Maxwell Ball and Rubén Almaraz.
DLA Piper Martínez Beltrán’s team included partners Felipe Quintero Serrano, Paola Aldana, Sebastián Lora and Andrés González, as well as lawyers María José Rocha, Paula Toro, Isabela Torres, Carlos Guzmán, María Alejandra Buitrago and Juan Pablo Fernández López.
PHR’s team comprised partners Gabriel A. Sánchez (pictured left), Mariana Posse (pictured centre) and Cristina Vásquez (pictured right), along with lawyers Catalina Noreña, Julián Aguirre, Carlos García, Alejandro Ávila, Alejandro González, Lucero Gómez, Manuela Jaramillo and Antonia Restrepo.
