PPU guides Argos on port business exit
Philippi Prietocarrizosa Ferrero DU & Uría advised Grupo Argos on the sale of its 50% equity interest in port company Compas.
Grupo Argos is a diversified holding company headquartered in Medellin, Colombia. Compas, based in Bogotá, is a network of multipurpose ports.
The deal, valued at $134 million, marks Argos´ exit from the port business. West Street Infrastructure Partners III, an investment fund managed by Goldman Sachs, acquired the 50% stake in Compas.
Partner Claudia Barrero led the PPU team which advised Argos on Colombian law, the company also instructed Sullivan & Cromwell as intermational counsel.
Compas retained Greenberg Traurig in New York and Dentons Cardenas & Cardenas locally in Colombia.
Gibson, Dunn & Crutcher and Brigard & Urrutia respectively acted as international counsel and Colombian counsel to West Street Infrastructure Partners III.