Posse Herrera Ruiz has acted as Colombian local counsel to Odinsa S.A., Grupo Argos’s concessions company, in the closing of the previously announced strategic alliance with Macquarie Asset Management (MAM), the world’s largest infrastructure asset manager, in connection with Odinsa’s Colombian toll road business.
Conditions precedent were completed, including obtaining authorizations from national authorities such as the Superintendence of Finance, the Superintendence of Industry and Commerce and the National Infrastructure Agency; as well as consents from lenders, insurers, concessions and their shareholders.
This new investment platform, which due to its size is already positioned among the leading ones in the region, will own the formerly stake of Odinsa in toll road projects in Colombia: Pacífico 2, Túnel Aburrá Oriente, Autopistas del Café and Malla Vial del Meta; in addition to interest in prospective projects and initiatives under construction, including the expansion of the Oriente Tunnel, in Antioquia; Perimetral de la Sabana, in Cundinamarca and Conexión Centro, in the Coffee Region.
The presence of Macquarie Asset Management (MAM) in the Colombian market through this alliance confirms the interest of large investors in the infrastructure sector and the country, given that through the investment platform, value creation opportunities will continue to be explored to promote the connectivity within Colombia and the region.
Macquarie will bring its extensive global experience in the road sector to further strengthen the results of current and future projects, which, combined with Odinsa’s experience and knowledge in the region, will drive the growth of the newly consolidated platform.
- Value: 566.826.070.566 COP
- Announcement date: September 2, 2021
- Closing date: June 22, 2022
Legal Advisors
Counsel to Odinsa
Odinsa’s Inhouse Counsel
| Leading | María José Ramírez and Eduardo Bettin |
Posse Herrera Ruiz
| Leading Partner and Other Partners involved | Gabriel Sánchez, Mariana Posse and Cristina Vásquez |
| Other Lawyers | Catalina Noreña, Julián Aguirre, Carlos García, Alejandro Ávila, Alejandro González, Lucero Gómez, Manuela Jaramillo and Antonia Restrepo |
Willkie, Farr & Gallagher LLP
| Leading Partner(s) | Jorge H. Kamine and María Leticia Ossa |
| Other Lawyers | Matthew Vitrola, Pablo Benjumea Gutiérrez and Christian Vidaurre |
Counsel to Macquarie Infrastructure and Real Assets and MIP V International AIV, L.P.
Gibson, Dunn & Crutcher LLP
| Leading Partner(s) | Tomer Pinkusiewicz |
| Other Lawyers | Maxwell Ball and Rubén Almaraz |
DLA Piper Martínez Beltrán
| Leading Partner(s) | Felipe Quintero Serrano, Paola Aldana, Sebastián Lora and Andrés González |
| Other Lawyers | María José Rocha, Paula Toro, Isabela Torres, Carlos Guzmán, María Alejandra Buitrago and Juan Pablo Fernández López |
