PPU represents Fondo de Capital Privado Colombia Infrastructure Equity Fund in note issuance and acquisitions
PPU has advised Colombia Infrastructure Equity Fund on its $55m senior notes issuance and acquisition of Sociedad Portuaria Terminal de Contenedores Buenaventura
Philippi Prietocarrizosa Ferrero DU & Uría has represented the Colombia Infrastructure Equity Fund in the issuance of senior notes due 2029, to finance the acquisition of 32.13% of Sociedad Portuaria Terminal de Contenedores de Buenaventura, including 50% of its shares, and 50%, as well as 50% of the shares, of Terminal Logístico de Buenaventura.
These transactions were closed on 27 April, where the financing was done through a private placement for the acquisition of an infrastructure asset, the closing of which required coordination with the closing under the SPA for the acquisition of the shares.
For the bond issue, PPU acted as Colombian counsel to the issuer; Greenberg Traurig LLP acted as New York counsel to the issuer; Cuatrecasas acted as Colombian counsel to the initial purchasers; and Milbank LLP acted as New York counsel to the initial purchasers.
For the acquisitions, PPU advised the buyers; Castro-Leiva advised the sellers; and Baker & McKenzie advised the majority shareholder of the target.
Sociedad Portuaria Terminal de Contenedores de Buenaventura S.A. is one of the most important port companies in Colombia and the region.
PPU’s team was led by partner Hernando Padilla (pictured left), assisted by partner Jorge Di Terlizzi, and associates Natalia Velasco, Jorge Portocarrero (pictured right) and Daniela Mejía.
Greenberg Traurig’s team included partners Marc Rossell and Oscar Stephens, and associate Igal Rojzman.
Cuatrecasas’ team comprised partner Manuel Quinche and associates Natalia Arango, Felipe Londoño and Natalia Serrano.
Milbank’s team was made up of associates Tim Fitzpatrick and John Kim, and lawyer Oscar Campos.
Castro-Leiva’s team was represented by partners Jose Ignacio Leiva and Juan Mario Rendon.
Baker McKenzie’s team consisted of partner Andres Crump, supported by associates Juliana Gomez and Isabel Torres.
