Posse Herrera Ruiz
(The following information was supplied by the firm)
Managing Partner: Jaime Herrera
Senior Partners: Daniel Posse, Mariana Posse, Juan Guillermo Ruiz, José Alejandro Torres, Álvaro José Rodríguez
Firm Overview:
Posse Herrera Ruiz is a full-service law firm that uses a systematic, multidisciplinary approach to find creative, prudent and value generating business solutions, which optimise the clients’ return on investment while minimising risks
International Work:
The majority of Posse Herrera Ruiz clients are multinationals, foreign investors and some of the largest Colombian corporations.
Relevant transactions that Posse Herrera Ruiz has participated include Smurfit Kappa Group’s acquisition of the minority shares of Cartón de Colombia S.A.; Andean Cacao’s transfer to Andean Cacao AG. of a majority stake in Bacao S.A.S.; IFC’s Share Sale Agreement entered into with Alquería; Compañía de Seguros Bolívar S.A., Inversora Anagrama Inveranagrama S.A.S., Inversiones Financieras Bolívar S.A.S., Grupo Bolívar S.A., Seguros Comerciales Bolívar S.A. and Capitalizadora Bolívar S.A., as buyers, in the purchase of a minority participation of Banco Davivienda; Agrícola el Retiro, Agrícola Santamaría, CMA Terminals, C.I. Tropical, C.I. Unión de Bananeros de Urabá, PIO and Sociedad de Comercialización Internacional Banafrut’s investment agreement pursuant to which the parties will develop a multipurpose port terminal located in Bahía Colombia; Portland Private Equity’s acquisition of a stake in online grocery shopping platform Merqueo; Elis’ structuring of the purchase of the shares of Lavanderia Industrial Metropolitana S.A.S.; Saint-Gobain’s structuring of the joint venture with Tecnoglass; BTG PACTUAL and Inverlink’s structuring of the joint venture that will manage the real estate collective investment fund ‘BTG Pactual Rentas Inmobiliarias’; Grupo Aúna in Colombia’s acquisition of a 97.3% stake in Promotora Médica Las Americas; QBCo’s acquisition of certain assets and operations of Productos Pecolina Ltda.; Australis Partners Advisors’s acquisition of a 50% stake in Alianza Fiduciaria S.A. and Alianza Valores Comisionista de Bolsa S.A. and Bogotá Capital District and Grupo Energía Bogotá’s offer and sale of a 10.6% of the GEB shares owned by Bogotá Capital District; among others.
The firm also advises clients, included in the list below, in the following industries: agro – industry and forestry; automotive; chemicals; energy and renewables; financial services; food and beverages; health care and pharmaceutical; hospitality and entertainment; infrastructure; insurance; logistics and transportation; mining; oil and gas; retain and technology, media and telecommunications.
Languages:
Spanish, English, French, Portuguese, German.
Clients:
Akuo Energy Colombia S.A.S., Banco Davivienda, BTS Derechos Económicos S.A.S., Canada, China Development Bank, Concesión La Pintada S.A.S and its sponsor Odinsa S.A., Creditos Orbe S.A.S., Empresa Enersua S.A.S. E.S.P., Grenergy Colombia S.A.S., Northland Power Colombia Distribution Inc., Puerto Antioquia, Redcol Holding S.A.S., Sumitomo Mitsui Baking Corporation, Auna, Cemex, Latam Holdings, Grupo Bolivar, Grupo Nutresa S.A., Grupo Orbis, Odinsa, Oriflame, Pactia, Smurfit Kappa plc, Sociedad Concesionaria Vial Montes de María S.A.S / SacyrCol, Adidas, Arcelor Mittal, Automotores Toyota Colombia, Delta Airlines, Diageo Colombia and Diageo PLC, Halliburton, Ingebombas, Ingram, Jerónimo Martins, Mecanoelectro, Occidental Petroleum, Praco Didacol, SKBergé, TCS Solution Center Sucursal Colombia, Thoma Bravo, Acción Sociedad Fiduciaria, Alianza Fiduciaria S.A., Cemex Latam Holdings S.A., Colombia Móvil S.A. E.S.P., Consorcio CCC Ituango, Diageo Colombia S.A., Elis, Empresa de Telecomunicaciones de Bogotá, Equion Energia Limited, Frontera Energy, Maped, Metro Línea S.A.S, Naturgy Distribucion Latinoamerica, Organización Terpel, Rappi, Inc, South 32, Tractebl GWK GM, Trina Solar Colombia, Ventus, Agnico Eagle Mines Limited, Sociedad Minera de Santander S.A.S. (Minesa), Triple Flag Precious Metals Corp., All Star CV, Arus S.A., Cencosud, Credibanco, Diaz Wiechers, Everest Intelligence, Gruenbaum Possinhas & Teixeira, Keystone, Knobbe Martens, Ladas & Parry, Mertz Perú, Productos Naturales de la Sabana (Alquería), Protección S.A., Solla S.A., Anadarko Colombia Company Sucursal Colombia, C.I. ADM Colombia LTDA, Ciclotrón Colombia S.A.S., Diageo Colombia S.A.S., Espejos S.A., Formaplax S.A.S, Government of Colombia PROCOLOMBIA, Luzar Trading S.A., Madecentro Colombia S.A.S., Optum Global Solutions Colombia, Yara Colombia, Amazon, Amex, Ascensores Schindler, Michael Page, Placacentro Masisa, Reckitt Beckinser, Seguros Bolivar, Syngenta, Yara, Abbott Laboratories de Colombia, Alpina Productos Alimenticios, Bird & Bird International, Canalife, Cocinas Ocultas, part of Cloud Kitchens, CORPORACIÓN CIENTECH, Dispapeles, FISHERBROYLES, LLP, GML Supplies, Immunotec – no, INDEGA, LABORATORIOS LA SANTÉ, McDermott Will & Emery, Prebel, Reed Smith, Rivera Red, Sinergia Global en Salud, Solla, Atlas Renewable Energy, Bancolombia, CAF Ferrocarriles, Financiera de Desarrollo Nacional, Grupo Costanera, John Laing, Northland Power Inc., Odinsa S.A., Sacyr, SeaOne Holdings, LLC, Sociedad Concesionaria Vial Montes de María S.A.S., Bacao, Mainstream, Parque Arauco, Renewable Resources Group, Sonae Sierra, Terranum, Unicentro Shopping Mall, Unilever, Visum Capital, Anglo American, Christofferson, Rob & Company, EDP Renovaveis, Grupo de Energía de Bogotá, Ministerio de Hacienda y Crédito Público, Seguros Generales Suramericana S.A., UNE EPM Telecomunicaciones SA, United Health Group, Christofferson, Robb & Company, Clear Ocean, Colombian Ministry of Finance, Elis S.A., Grupo Energía de Bogotá (GEB), HDI Seguros, IHS Towers, Indra Soluciones Tecnologías de la Información S.L.U., John Laing, Construcciones el Cóndor, Concesión la Pintada, Prosus (MIH Edtech Investments B.V.), Shareholders of SEVEN4N, SNC-Lavalin, Union Acquisition Corp II, Webhelp.
Number of partners worldwide: 25
Number of lawyers worldwide: 130+
Key Contacts
■ Agribusiness:
Contact: [email protected]
■ Competition, Consumer Protection and Data Protection:
Contact: [email protected]
■ Compliance and Internal Investigations:
Contact: [email protected]
■ Corporate Law:
Contact: [email protected]
■ Dispute Resolution:
Contact: [email protected]
■ Energy & Natural Resources — Mining:
Contact: [email protected]
■ Environment and Sustainability:
Contact: [email protected]
■ Labour & Immigration:
Contact: [email protected]
■ Finance and Capital Markets:
Contact: [email protected]
■ Infrastructure & PPPs:
Contact: [email protected]
■ Insurance:
Contact: [email protected]
■ Intellectual Property:
Contact: [email protected]
■ Insolvency:
Contact: [email protected]
■ International Trade:
Contact: [email protected]
■ Labour & Immigration:
Contact: [email protected]
■ Land Use, Urban Planning and Development:
Contact: [email protected]
■ Mergers & Acquisitions:
Contact: [email protected]
■ Private Clients:
Contact: [email protected], [email protected]
■ Real Estate:
Contact: [email protected]
■ Tax:
Contact: [email protected]
■ White-Collar Crime:
Contact: [email protected]
Firm Rankings
Administrative & Public Law
Band 2
8.0
Arbitration
Band 1
9.0
Banking & Finance
Band 1
Capital Markets
Band 1
Capital Markets: Debt
Band 1
Competition/Antitrust
Band 2
8.0
Corporate/M&A
Band 1
Dispute Resolution
Band 1
Energy
Band 1
Energy & Natural Resources
Band 1
Environment
Band 1
9.0
Insurance
Band 2
8.0
IP
Band 2
8.5
IP: Patents
Band 2
8.0
IP: Trademarks
Band 3
7.5
IP: trademarks: Contentious
Band 3
6.0
IP: Trademarks: Prosecution
Band 3
6.0
Labour & Employment
Band 2
8.0
Life Sciences
Band 2
8.0
Litigation
Band 1
Mining
Band 1
Private Wealth Law
Band 1
Projects
Band 1
Real Estate
Band 1
Real Estate & Tourism
Band 1
Tax
Band 1
9.1
TMT
Band 3
6.0
Trade/WTO
Band 1
9.0
White-Collar Crime
Band 4
4.0
Leading Lawyers
Articles
On January 16, 2024, a U.S. Federal Court blocked the Spirit / JetBlue merger. On its decision, the Court stated that Sprit’s market exit amid a potential merger with JetBlue could significantly harm consumers and the market. In the Court’s view Spirit is a maverick whose potential merger with a larger airline could deprive consumers […]
External Circular 100-000010 of the Superintendency of Companies Objective: The Superintendency of Companies (the “Supercompanies”) recently issued External Circular 100-000010 (the “Circular”), directed to its supervised entities so that they integrate the preparation of a sustainability report (the “Report”) into their practices. Contact: ESG and Sustainability Team [email protected] – [email protected] Full newsletter here
CIRCULAR 93 OF 2023 ESTABLISHES THE DATES FOR THE REGISTRATION OF THE SELF-ASSESSMENT OF THE SGSST STANDARDS DECREE 2126 OF 2023 CHANGES AND NEWS IN THE RECOGNITION AND PAYMENT OF LICENSES AND ECONOMIC BENEFITS Introduces new features related to the recognition and payment of economic benefits from the General Social Security Health System, previously regulated […]
Via decree, the increase in the legal monthly minimum wage in force for the year 2024 was established by the National Government, in the following amount: Legal Monthly Minimum Wage in force for the year 2024: ONE MILLION THREE HUNDRED THOUSAND PESOS ($1,300,000), which implies an increase of 12%. Read full report here
In electronic commerce, information is essential before making a purchase. You should not only know the price, but also the characteristics of the product or service. If you find any irregularity, you must report it to the Superintendency of Industry and Commerce. On the other hand, if a company is going to give gifts to its workers for […]
A tax-free zone is a geographical area delimited within the National Customs Territory (“TAN”), where industrial activities of goods and services, or commercial activities are carried out. On June 16, 2023, the Congress of the Republic issued the conciliation report of bill No. 226 of 2022 Senate – 117 of 2021 Chamber “whereby the definition […]
The Council of State decided to provisionally suspend this administrative act, within the framework of a lawsuit seeking its nullity. This decision suspends its application, returning these functions to the regulatory commissions, although it does not imply a substantive decision on its nullity, nor does it provide for the possibility of the Government issuing a […]
Have you thought about doing an LLM? How to choose the country or university? Is it important? These and some other questions were the topic of conversation in our latest podcast, in which our partners Jaime E. Gómez and Andrés Montoya, accompanied by associates Alejandro Casas, Catalina Noreña and Eduardo Melo, talked about the main […]
Colombia is located in the northernmost part of South America. It has a population of roughly 51 million inhabitants, with 7 million living in the capital Bogota. The main language is Spanish. Colombia has a democratic and centralized government. It is divided politically into departments, districts and municipalities. The President of the Republic is the […]
The Regulating Commission of Energy and Gas (“CREG”) published Resolution 101 034A, dated December 19, 2022, which sets the opportunity to conduct an auction for the allocation of firm energy obligations (“OEF”) for the period between December 1, 2027, and November 30, 2028 (the “Resolution”). This will be the first occasion where the new procedural rules […]
A free zone is a geographical area delimited within the National Customs Territory (“TAN”), where industrial activities of goods and services, or commercial activities are carried out. Types of free zones In Colombia there are three (3) types of free zones, namely: Permanent (multi-company): in which multiple industrial or commercial users are installed. Special permanent (single […]
The Council of State decided to provisionally suspend this administrative act, within the framework of a lawsuit that seeks its annulment. This decision suspends its application, returning these functions to the regulatory commissions, although it does not imply a substantive decision on its nullity or prevent the possibility that the Government issues a new decree with […]
Through the Agreement reached by the Permanent Commission of Concertation of Wage and Labor Policies, the increase of the minimum legal monthly salary for 2023 was set in the following amount: Minimum Legal Monthly Salary for year 2023: Read more
In this bulletin, prepared by our specialists, you will find the latest news related to intellectual property in Colombia. Click here Should you require further information, please do not hesitate to contact us: [email protected]
Last August 12, the National Hydrocarbons Agency (“ANH“) issued Resolution No. 948 of 2022 (the “Resolution 948“), which adopts the guidelines that operators in charge of hydrocarbon exploration and exploitation activities must follow to submit to the ANH: (i) the Program for Detection and Repair of Natural Gas Leaks (the “PDRF“) and (ii) the Emissions Baseline necessary for the […]
SUBSTRATION OF FOREST RESERVE AREAS: COURT REVOKES RULING THAT ORDERED THE SUSPENSION OF RESOLUTION 110 OF 2022 The Superior Court of the Judicial District of Bogotá, in a ruling dated on the 3rd of May, revoked the Constitutional Protection (tutela) ruling dated March 11, 2022 that, in the first instance, had ordered the provisional suspension […]
DRAFT RESOLUTION ESTABLISHING LIST OF “MINOR CHANGES” IN CONSTRUCTION OF ENERGY PROJECTS WITH ENVIRONMENTAL LICENSE WAS PUBLISHED. The Ministries of Mines and Energy (“MME“) and of Environment and Sustainable Development (“MADS“) published, for public information and comments, the draft joint resolution establishing a series of activities and works considered as “minor changes” or “normal adjustments” in the […]
Economic Activity Q1-2022 exhibited a solid economic recovery, with GDP growing 8.5% (see Figure 1). In the supply side, commerce and manufacturing set the pace, growing 15.3% and 11.1%, respectively. Nevertheless, construction and oil & mining still had to return to pre-pandemic levels. On the demand side, household consumption -which accounted for 75.1% of GDP- […]
Contenido Subscription T.V. Franchise and Trademark USe “Mivacuna” APP receives EU approval IP Rights and Vaccines The End of the National Health Emergency in Colombia IMPI and BSA 5G Patent Infringement in Colombia (Apple vs Ericsson) Read more
Article 1.2.1.22.47 of Decree 286 of 2020 initially established that orange economy companies were those legal entities that pay income tax under the ordinary regime that were domiciled in Colombian territory, the corporate purpose of which was focused on the development of technological value-added industries and creative activities and, in addition, the companies had to […]
Draft Resolution Establishing List Of “Minor Changes” In Construction Of Energy Projects With Environmental License Was Published The Ministries of Mines and Energy (“MME“) and of Environment and Sustainable Development (“MADS“) published, for public information and comments, the draft joint resolution establishing a series of activities and works considered as “minor changes” or “normal adjustments” in the […]
Bogota , 06/21/2022 The Head of State confirmed the decision and said that “there are no longer epidemiological reasons, scientifically analyzed by the Committee, to maintain the Health Emergency beyond that date.” The Emergency allowed the Government to implement measures such as Solidarity Income and the Formal Employment Support Program (PAEF), double intensive care units […]
Economic Activity After 2020 saw the biggest economic downturn recorded in Colombian history, the economy experienced a sharp recovery in 2021, reaching an annual growth of 10.6%. The economy closed last year 2.8% above 2019 level. On a quarterly basis, Q4 GDP increase came in at 10.8% (see Figure 1). Almost all economic sectors are […]
On April 18, the Ministry of Mines and Energy (“MME”) published for comments a draft decree that seeks to regulate articles 21, 22 and 23 of Law 2099 of 2021, known as the Energy Transition Law. According to the MME, the draft decree purports to set the mechanisms, conditions, and incentives to promote the use […]
Mediante fallo del 11 de marzo de 2022, el Juzgado Sexto Penal del Circuito de Bogotá con Funciones de Conocimiento ordenó suspender provisionalmente los efectos de la Resolución 110 de 2022 del Ministerio de Ambiente y Desarrollo Sostenible, “[p]or la cual se establecen las actividades, requisitos y procedimiento para la sustracción de área de las […]
Press Releases
Posse Herrera Ruiz advised Bioena S.A.S. and its shareholders in an operation pursuant to which Ashmore acquired a majority equity interest in the Company to fund the construction of the first wood pellet plant in Colombia. Bioena is a pioneer in the production and commercialization of sustainable biofuels in Colombia, being the first company to […]
Posse Herrera Ruiz announces the appointment of 3 partners and 3 directors Bogotá, March 1; Posse Herrera Ruiz is pleased to announce that, as part of its continuous growth and evolution, it has appointed three new partners and three new directors. These appointments recognize the professional merits, leadership, and personal qualities of each promoted professional […]
Posse Herrera Ruiz acted as Colombian legal counsel to IMCD Colombia in the acquisition of the distribution business of Joli Foods S.A.S., to expand its food and nutrition business and product portfolio. ASESORES LEGALES DE IMCD Posse Herrera Ruiz Leading Partner(s): Susana Gómez Other Lawyers: María Clara Londoño Abogados In-House Other Lawyers: Fenna Van Zanten […]
Posse Herrera Ruiz acted as legal counsel to Atlas Renewable Energy Colombia in the acquisition of the Shangri-La solar project located in Tolima, Colombia. COUNSEL TO ATLAS RENEWABLE ENERGY COLOMBIA Posse Herrera Ruiz Leading Partner(s): Jaime Cubillos and Mariana Sánchez Other Lawyers: Camilo Lovera, Miguel Posse and Pablo Mejia COUNSEL TO THE SELLERS Gómez Pinzón […]
Posse Herrera Ruiz acted as legal counsel to Finanzauto S.A. in the acquisition of a minority stake in Florida-based Southern Auto Financing Company. COUNSEL TO FINANZAUTO Posse Herrera Ruiz Leading Partner(s): Jaime Herrera Other Lawyers: Camilo Lovera COUNSEL TO SAFCO Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A. Leading Partner(s): William J. Gross and Sarah […]
GRUPO BOLIVAR AND COMPAÑÍA DE SEGUROS BOLÍVAR WILL SELL THEIR STAKE IN SURA ASSET MANAGEMENT TO GRUPO SURA Posse Herrera Ruíz acted as legal counsel to Grupo Bolívar and Compañía de Seguros Bolívar in the negotiation and execution of a share purchase agreement to sell their stake in Sura Asset Management to Grupo Sura. The […]
Posse Herrera Ruiz is pleased to announce the appointment of four new highly skilled and experienced directors, who will further strengthen its leadership in the legal services market in Colombia and the region. Julián Aguirre will be the new head of Fintech and funds. Julián is an expert in financial, regulatory and securities law, with […]
GRUPO IMSA SELLS O-TEK PIPE BUSINESS TO WIG LATAM HOLDING GMBH, ENTITY OF THE WIETERSDORFER GROUPPE Grupo IMSA S.A. has completed the sale of 100% of its stake in the company O-tek Internacional S.A.S., controlling entity of its piping business through the “O-tek” trademark, to WIG Latam Holding GmbH, an entity that is part of […]
ANTHESIS CONSULTING GROUP LIMITED ACQUIRES CONTREEBUTE S.A.S. PHR acted as counsel to Anthesis Consulting Group Limited (UK) in the purchase of Contreebute S.A.S. The transaction is the outcome of the joint efforts of (i) PHR (Jaime Herrera, Partner; Nicolás Gómez, Associate; and Pablo Valderrama, Associate; and (ii) RAD/ DF (Jeison Larrota, Partner; Carolina Hoyos, Associate; […]
PARQUE ARAUCO AGREES TO ACQUIRE CONTROLLING INTEREST IN PARQUE FABRICATO FOR USD 17 MILLION TO MATERIALIZE ITS FIRST INVESTMENT IN THE METROPOLITAN AREA OF MEDELLÍN Posse Herrera Ruiz advised Parque Arauco S.A. in the preparation, negotiation and signing of the agreements pursuant to which Parque Arauco S.A., through its subsidiary Parque Arauco Colombia S.A.S., reached […]
Suramericana S.A. (a subsidiary of Grupo SURA) enters into a stock purchase agreement with Interamericana Holding Group S.A., a company of Grupo Financiero FICOHSA, whereby Suramericana sells its operations in El Salvador of Seguros Sura S.A. and Seguros Sura S.A. Seguros de Personas. COUNSEL TO BANCO FICOHSA Posse Herrera Ruiz Leading Partner(s) Jose Alejandro Torres […]
Bogotá, 10 August 2023 – Posse Herrera Ruiz, Colombia’s leading law firm, is pleased to announce the addition of Juan Manuel Cuellar, its new partner in the Environment, Natural Resources and Energy practice. Juan Manuel Cuellar is a highly reputed professional in the energy and hydrocarbons sector, with more than 24 years of […]
PHR acted as legal counsel of private shareholders of Sociedad de Oncología y Hematología del Cesar S.A.S. (“SOHEC”) in the negotiation, signing and closing of the shares purchase agreement by virtue of which Ashmore acquired 85% of the shares of SOHEC. The transaction comprises a strategic healthcare institution located in Valledupar, Colombia, which has served […]
Posse Herrera Ruiz acted as Colombian counsel to TMF Colombia Ltda, as collateral agent, in connection with the refinancing of the 4G road project connecting Pamplona and Cúcuta. The refinancing was structured through a USD $400 million social bond, a multi-trench USD $165 million loan, and another bank loan in Colombian pesos equivalent to USD […]
PHR advised Transportes Centroamericanos del Futuro in its merger with Grupo Ransa, to consolidate as the leading end to end logistics platform in Latin American. The merged company will operate in 10 countries of Latam, with a view to provide an integral and unique logistics solution in the market. SIGNING DATE: Tuesday, February 21, 2023 […]
ODINSA, A CONCESSIONS COMPANY OF GRUPO ARGOS, AND MACQUARIE START THE OPERATION OF THEIR NEW PLATFORM THAT WILL OPERATE ASSETS FOR MORE THAN COP 1.3 TRILLION REPRESENTED IN TWO OF THE TOP AIRPORTS IN SOUTH AMERICA PHR acted as local counsel and coordinated legal teams in different jurisdictions of Odinsa S.A., concessions company of Grupo […]
Posse Herrera Ruiz is pleased to announce the appointment of four new highly skilled and experienced directors, who will further strengthen its leadership in the legal services market in Colombia and the region. Julián Aguirre will be the new head of Fintech and funds. Julián is an expert in financial, regulatory and securities law, with […]
Posse Herrera Ruiz acted as Colombian local counsel to Talanx Group in the acquisition of Liberty Mutual’s businesses in Brazil, Colombia, Chile and Ecuador. With this acquisition, Talanx becomes the third-largest insurer in Latin America through its subsidiary HDI International. The acquisition is subject to regulatory and antitrust approvals and is expected to close in […]
After successfully completing the transfer of a first tranche of shares to the combined platform by mid-2022, PHR has acted as Colombian local counsel to Odinsa S.A., in the transfer of a second and final transfer of its remaining shares in Concesión Vial de los Llanos S.A.S. to the investment platform for toll road assets […]
Posse Herrera Ruiz acted as Colombian legal counsel to Auna S.A.A. and its Colombian subsidiaries in obtaining financing for the repayment of existing debt and for general corporate purposes. The proceeds of the first disbursement under the financing were applied to repay a U.S.$350,000,000 bridge loan and a U.S.$56,000,000 bridge loan. The proceeds of the […]
PHR has acted as Colombian local counsel to Aligned Data Centers in the acquisition of Odata Colombia, a leading data center provider in Colombia. Odata also has operations in Brazil, Chile, Colombia, and Mexico, as well as additional data centers currently under development across Latin America. This acquisition positions Aligned Data Centers amongst the largest […]
ANNOUNCEMENT/SIGNING DATE: Saturday, September 10, 2022 CLOSING DATE: Friday, October 14, 2022 Stake in Colombia: 100% LEGAL ADVISORS COUNSEL TO FACTURE S.A.S. Posse Herrera Ruiz Leading Partner(s) : Jaime Cubillos and Juan Guillermo Ruiz Other Lawyers: Santiago Osorio, Daniel Ortegón and Laura Suárez COUNSEL TO MILANSERA S.L. Garrigues Leading Partner(s) : Other Lawyers: María Fernanda […]
PHR ADVISED THE NORWEGIAN GOVERNMENT INVESTMENT FUND FOR DEVELOPING COUNTRIES IN ITS CAPITAL INVESTMENT IN THE SOLAR ENERGY COMPANY ERCO ENERGÍA COUNSEL TO THE NORWEGIAN GOVERNMENT INVESTMENT FUND FOR DEVELOPING COUNTRIES – NORFUND Posse Herrera Ruiz Leading Partner(s) Oscar Tutasaura and Mariana Sánchez Other Lawyers Santiago Osorio, Pablo Mejía and Laura Suárez Norfund – In-house […]
Susana and Jesús are leaders who embody the values of ethics, respect, solidarity, loyalty, commitment, justice, diversity and excellence that characterize us. Their human quality, together with their extensive knowledge and experience in their areas of work are attributes that make us feel proud that they represent our firm at the highest level. Susana is […]
FUNDACIÓN WWB ENTERS INTO SHARES PURCHASE AGREEMENT TO ACQUIRE THE PARTICIPATION OF DWM PANAMÁ, S.A., WWB ISIS FUND AND BAMBOO FINANCIAL INCLUSION PANAMÁ S.A. IN BANCO W S.A. On November 29, 2022, Fundación WWB Colombia, DWM Panamá, S.A., WWB ISIS Fund and Bamboo Financial Inclusion Panamá S.A. reached an agreement whereby Fundación WWB Colombia will […]
PHR acted as Colombian Local Counsel to CMA CGM SA in the USD 3 billion international acquisition of Ingram Micro, Inc’s business unit “Commerce & Lifecycle Services”. The transaction is the outcome of the joint efforts of PHR (Gabriel Sánchez, Partner; Nicolás Gómez, Associate) and Willkie Farr & Gallagher (Gabriel Flandin, Partner; Ji-Soo Kim, Associate), […]
Posse Herrera Ruiz acted as legal counsel to Fondo de Inversión Colectiva Inmobiliario Visum Rentas Inmobiliarias (Visum) in the negotiation and closing of a loan agreement, dated as of June 29, 2022, by means of which the International Finance Corporation made a first disbursement for an amount equivalent to COP 120,000,000,000,000. Visum, the fifth largest […]
ALIGNED DATA CENTERS ENTERS INTO DEFINITIVE AGREEMENT TO ACQUIRE ODATA FROM PATRIA INVESTMENTS AND OTHER SHAREHOLDERS Aligned Data Centers entered into definitive agreements to acquire ODATA, a data center provider across Brazil, Colombia, Mexico and Chile, as well as additional data centers under development across the region, from Patria Investments and other shareholders. The closing […]
GRENERGY AGREES TO ACQUIRE PROJECT “PÉTALO DEL MAGDALENA I” FROM BLACK ORCHID SOLAR MANAGEMENT S.A.S., TO CONTINUE THEIR EXPANSION AND PRESENCE IN RENEWABLE ENERGY PROJECTS IN COLOMBIA PHR acted as Colombian local counsel to the Grenergy group in the negotiation and execution of the assets purchase agreement to acquire from Black Orchid Solar Management S.A.S., […]
Premise Data Corporation, announced the acquisition of Grupo Meiko to expand Premise’s footprint in the Latin American market and add further depth to their In-Store Solutions capabilities for the world’s leading consumer brands. Grupo Meiko is a provider of retail measurement for more than 50 consumer goods companies with data covering store-level insights across over […]
CEMENTOS ARGOS AND SAINT GOBAIN CREATE JOINT VENTURE TO DEVELOP MORTAR SOLUTIONS IN COLOMBIA Cementos Argos, a cement company of the Argos Group, and Saint-Gobain announce the closing of an agreement to create a Joint Venture in Colombia with the aim of developing mortar solutions. At closing, Saint Gobain acquired 60% and Cementos Argos acquired […]
ALS ACQUIRED SERVICIOS DE INGENIERIA Y AMBIENTE S.A.S – SERAMBIENTE S.A.S. STREGTHENING ITS PRESENCE IN COLOMBIA PHR acted as Colombian legal counsel to ALS in the negotiation, execution and closing of the share purchase agreement to acquire through its subsidiaries, ALS South American Holdings PTY Ltd. and Australian Laboratory Services PTY Ltd. 100% stake in […]
UNILEVER SUCCESFULLY ACHIEVES THE SALE AND TRANSFER TO UPFIELD COLOMBIA OF ITS SPREADS PLANT, FACTORY AND FULFILLMENT FACILITY LOCATED IN CALI PHR has acted as Colombian local counsel to Unilever Andina Colombia Ltda., in the closing of the previously announced sale of its factory located in Cali in favor of Upfield Colombia S.A.S., a local […]
AQUALIA LATINOAMERICA S.A. E.S.P. ACQUIRES SAUR COLOMBIA S.A.S. PHR acted as counsel to Gestión y Técnicas del Agua S.A. (Spain) in the sale of Saur Colombia S.A.S. to Aqualia Latinoamerica S.A. E.S.P. The transaction is the outcome of the joint efforts of PHR (José Alejandro Torres, Partner; Nicolás Gómez, Associate; Carlos Múnera, Associate; and Diana […]
PHR acted as counsel to Gestión y Técnicas del Agua S.A. (Spain) in the sale of Saur Colombia S.A.S. to Aqualia Latinoamerica S.A. E.S.P. The transaction is the outcome of the joint efforts of PHR (José Alejandro Torres, Partner; Nicolás Gómez, Associate; Carlos Múnera, Associate; and Diana Rueda, Associate) and Garrigues (Andrés Ordoñez, Partner; Guillermo […]
GRENERGY AGREES TO ACQUIRE THE PROJECTS “LOS CABALLEROS” AND “MEDINA” FROM GRUPO SOLARI TO CONTINUE THEIR EXPANSION AND PRESENCE IN RENEWABLE ENERGY PROJECTS IN COLOMBIA Posse Herrera Ruiz acted as Colombian local counsel to Grenergy in the negotiation and execution of the assets purchase agreement to acquire from Grupo Solari the assets related with the […]
Posse Herrera Ruiz acted as Colombian legal counsel to TPB Acquisition Corporation I, a special purpose acquisition company sponsored by The Production Board, in the business combination agreement with Brazil’s Lavoro Ltda., a leading agricultural inputs retailer in Latin America, that will result in Lavoro becoming a US publicly listed company. Announcement date: September 15, […]
Posse Herrera Ruiz has acted as Colombian local counsel to Torneos y Competencias an Argentinian sports content producer in its acquisition of a majority stake in Telecinco, in connection with its international expansion plan. Announcement date: August 11, 2022 Closing date: August 11, 2022 LEGAL ADVISORS COUNSEL TO TORNEOS Y COMPETENCIAS POSSE HERRERA RUIZ […]
Posse Herrera Ruiz acted as local advisor to Odinsa SA, a Grupo Argos concessions company, in the closing of the strategic alliance with Macquarie Asset Management (MAM), the largest infrastructure asset manager in the world, for the operation and investment in Odinsa’s road infrastructure business in Colombia, according to what was announced a few months […]
Posse Herrera Ruiz acted as legal counsel to Aqua Capital in the acquisition of 100% of the subscribed and outstanding capital of Ascender S.A. from Fondo de Capital Privado Valorar Futuro and certain minority shareholders. Value: Confidential – Above USD 20 M Announcement date: March 3, 2022 Closing date: Friday, April 29, 2022 LEGAL ADVISORS […]
On April 21, 2022, after satisfying the conditions precedent set forth in the share purchase agreement dated June 29, 2022, including merger clearances in multiple jurisdictions and a corporate reorganization to carve-out the excluded assets from the transaction, the P.A. Titan, a trust managed by BTG Pactual Sociedad Fiduciaria S.A., transferred 100% of the shares […]
CORPGROUP CLOSES THE SALE OF ITS STAKE IN ITAÚ CORPBANCA COLOMBIA S.A. TO PAY ITS REFINANCING DEBT WITH ITAÚ DEAL VALUE: USD $ 414.142.063,65 STAKE: 12,3616% ANNOUNCEMENT/SIGNING DATE: […]
POSSE HERRERA RUIZ ADVISES CHINA DEVELOPMENT BANK SHENZHEN BRACH IN THE FINANCING GRANTED TO PARTNERS TELECOM COLOMBIA S.A.S. (WOM) AND AVANTEL S.A.S. EN REORGANIZACIÓN Posse Herrera Ruiz acted as legal counsel to China Development Bank Shenzhen Branch in the financing granted to Partners Telecom Colombia S.A.S. (WOM) and Avantel S.A.S. In Reorganization for the maintenance […]
POSSE HERRERA RUIZ ADVISES CONCESIONARIA VIAL UNIÓN DEL SUR, ITS SPONSORS AND SHAREHOLDERS IN THE USD800.000.000 REFINANCING OF THE PASTO-RUMICHACA 4G PROJECT Posse Herrera Ruiz acted as legal counsel to Concesionaria Vial Unión del Sur S.A.S., Sacyr Concesiones Colombia S.A.S, Sacyr Concesiones Participadas I, S.L., Sudamericana Integral de Construcciones Sudinco Solombia S.A.S., Caneybi Corp S.A., […]
Posse Herrera Ruiz advised Inversiones Educa S.A, one of the leading education groups in Peru, in connection with its investment in Griky, a Colombian start-up specialized in technological platforms for education. Deal Value: N/A Stake: For confidential: ☒ Majority ☐ Minority Signing Date: November 2021 Cross-border matter?: Yes ☒ No ☐ Peru and Colombia […]
They are Natalia Escobar, Cristina Vásquez, Mariana Sánchez and Jaime Enrique Gómez, who have successfully developed their careers at the Firm and in the legal sector. Posse Herrera Ruiz is proud to announce four new partners in the areas of Financial Law and Capital Markets, Infrastructure, Natural Resources, and Tax. These appointments ratify the strength […]
Prosus, one of the largest technology investors in the world, invested in the Series B round og Platzi Inc., an ed-tech company for Latin America. PHR acted as local counsel to Prosus. TOTAL INVESTMENT: $60 MILLION Date: October 2021 Cross-border matter: United States, Mexico and Colombia LEGAL ADVISORS COUNSEL TO PROSUS (MIH Edtech Investments B.V.) […]
Pursuant to Unilever Colombia’s ongoing transfer of its operations to the new facilities located in Palmira, Valle del Cauca, Unilever and Upfield Colombia have successfully signed the purchase agreement whereby Upfield Colombia purchases Unilever’s factory in Cali, Valle del Cauca. The sale comprises not only the real estate assets (properties) but also all of the […]
PHR acted as counsel to buyer, Indra Soluciones Tecnologías de la Información S.L.U., an affiliate of Indra, world leader in the rendering of services for the transport, air traffic, and defense industries, in the acquisition of 100% of the shares of Consultoría Organizacional S.A.S., a Colombian technology and consulting company located in Bogotá and Medellin. […]
Posse Herrera Ruiz acted as local counsel to Union Acquisition Corp. II (UAC II), a special purpose acquisition company (SPAC) on its agreement to combine with Crynssen Pharma Group Ltd (Procaps) to form a new holding company Procaps Group, S.A., which was listed on Nasdaq under “PROC”. COMBINED COMPANY VALUE: […]
Parque Arauco SA (“Parque Arauco” or “PASA”) announces that its subsidiary, Administradora Parque Arauco SAS (“ADPAR”) has entered into an initial agreement with Promotora Entre Mares SAS, settlor of the Plaza Fabricato Trust, by virtue of which ADPAR or any of its related companies will assume the management of the co-ownership of “Parque Fabricato Centro […]
POSSE HERRERA RUIZ ADVISED THE SHAREHOLDERS OF SEVEN4N IN THE SALE OF THEIR STAKE TO EPAM SYSTEMS, INC. Posse Herrera Ruiz acted as local counsel to the shareholders of the software company SEVEN4N in the sale of their stake in the company to EPAM SYSTEMS, INC DEAL VALUE: ABOVE USD$ 5 MILLION (CONFIDENTIAL) STAKE: MAJORITY […]
POSSE HERRERA RUIZ ADVISES CONCESIÓN LA PINTADA S.A.S AND ITS SPONSORS ODINSA S.A. AND WEST VALLEY JL HOLDCO LIMITED IN THE DOLLAR REFINANCING OF ITS PROJECT AUTOPISTA CONEXIÓN PACIFICO 2. Posse Herrera Ruiz acted as legal counsel to Concesión La Pintada S.A.S and its sponsor Odinsa S.A. and West Valley JL Holdco Limited in the […]
ECOPETROL S.A. ACQUIRES CONTROL OVER INTERCONEXIÓN ELÉCTRICA S.A. E.S.P. WITH A US$ 3.67 BILLION PURCHASE OF THE STAKE OWNED BY THE COLOMBIAN MINISTRY OF FINANCE Posse Herrera Ruiz acted as Colombian legal counsel to the Financiera de Desarrollo Nacional and the Colombian Ministry of Finance, in the sale of its 51.41% stake in Interconexión Eléctrica […]
Posse Herrera Ruiz acted as Colombian legal counsel to SNC – Lavalin Group Inc. in the sale of, among others, its Colombian and Peruvian operations. The deal to sell SNC-Lavalin’s Oil & Gas business to Kentech Corporate Holdings Inc. is a part of the Company’s strategy to reduce its risk profile and accelerate its ongoing […]
GRUPO DE ENERGÍA DE BOGOTÁ AGREES MERGER BETWEEN (I) EMGESA, (II) CODENSA, (III) EGP COLOMBIA AND (IV) ESSA 2 WITH ENEL AMERICAS CREATING ENEL COLOMBIA Posse Herrera Ruiz acted as local counsel of Grupo de Energía de Bogotá (“GEB”) in the due diligence and merger process of (I) Emgesa, (II) Codensa, (III) EGP Colombia and […]
Posse Herrera Ruiz has advised Bancolombia in the joint venture agreement with CCLA Group that will create a novelty platform for the development, construction and operation of multifamily housing projects for rent. DEAL VALUE: NON-DISCLOSED ANNOUNCEMENT/SIGNING DATE: Friday, July 24, 2020 CLOSING DATE: Friday, July 24, 2020 LEGAL ADVISORS: COUNSEL TO BANCOLOMBIA Posse Herrera Ruiz […]
Tender Offer (“OPA”) of Smurfit Kappa Group plc (“SKG”) Ireland company to acquire the minority shares of Cartón de Colombia S.A. (“CdeCo”) listed company in the Colombian Stock Exchange (“BVC”) as consequence of the delisting procedure approved by CdeCo shareholders. SKG offered to buy 390.266 shares of Cartón de Colombia S.A and acquired after the […]
POSSE HERRERA RUIZ ADVISES SOCIEDAD CONCESIONARIA VIAL MONTES DE MARÍA S.A.S. AND ITS SPONSOR SACYR CONCESIONES COLOMBIA S.A.S. IN THE OFFERING BY PATRIMONIO AUTÓNOMO MONTES DE MARÍA OF ITS SENIOR SECURED NOTES, THE FIRST SOCIAL BOND FOR AN INFRASTRUCTURE PROJECT IN LATIN AMERICA. THE ISSUANCE IS BACKED BY THE U.S. INTERNATIONAL DEVELOPMENT FINANCE CORPORATION (DFC). […]
Bogotá D.C., 06 de abril de 2021. Posse Herrera Ruiz anuncia la admisión de Juan Pablo Bonilla como socio del área de Resolución de Conflictos. Desde hace unos años, Juan Pablo dirige la práctica de insolvencia, al tiempo que continúa litigando tanto en arbitraje como ante los jueces colombianos. Juan Pablo cuenta con más de […]
SAAM acquired a majority stake in Intertug’s business in Colombia, Central America and Mexico for US$50 million. The acquisition will take place by the means of share purchase and capital contributions. Intertug continues to hold its participation in the Brazilian business. DEAL VALUE: USD 50,000,000 CONFIDENTIAL Yes ☐ No ☒ STAKE: 70 % ANNOUNCEMENT/SIGNING DATE: […]
Posse Herrera Ruiz has advised BERGÉ INFRAESTRUCTURAS Y SERVICIOS LOGÍSTICOS S.L., a reference operator in logistic services and solutions and leader in the Spanish market, in a vehicle transportation and value-added logistics joint venture with TRANSPORTES VIGÍA S.A.S. in Colombia. DEAL VALUE: CONFIDENTIAL STAKE: 51% For confidential: ☒ Majority ☐ Minority CLOSING DATE: Thursday, January […]
The Colombian law firm Posse Herrera Ruiz advised Banco Davivienda in a negotiation with Rappi, the Latin American pioneer multivertical superapp, to set up a digital native financial institution that will operate in Colombia and within Rappi´s superapp as the next step in the strategic alliance between Banco Davivienda and Rappi. DEAL VALUE: USD 39.100.000 […]
Posse Herrera Ruiz acted as Colombian legal counsel to SNC – Lavalin Group Inc. in the sale of, among others, its Colombian and Peruvian operations. The deal to sell SNC-Lavalin’s Oil & Gas business to Kentech Corporate Holdings Inc. is a part of the Company’s strategy to reduce its risk profile and accelerate its ongoing […]
Posse Herrera Ruiz has advised the American REIT, Medical Properties Trust, Inc., in a joint acquisition with Steward Health Care, of the three outpatient clinics operated by National Clinics Colombia in the cities of Bogotá D.C. and Pereira. The acquisition will be made through MPT and Steward’s joint venture and will be financed entirely by […]
Sutherland Global Services Inc. for a value of USD535,000,000, on December 4th, 2020. Posse Herrera Ruiz acted as legal counsel to SGS Colombia Holding S.A.S., (acting as Guarantor), in the execution of certain collateral documents needed for the refinancing of Sutherland Global Services Inc. DEAL VALUE: USD$535,000,000 CLOSING DATE: […]
SANDVIK AB ACQUIRED 100% OF THE STAKE IN DSI UNDERGROUND HOLDINGS S.À.R.L. INLCUDING ITS COLOMBIAN SUBSIDIARY DSI UNDERGROUND COLOMBIA S.A.S. Posse Herrera Ruiz acted as local counsel to Norton Rose Fulbright LLP, legal counsels of SANDVIK AB (high-tech and global engineering Group), in the share acquisition of DSI Underground Holdings (the holding company of a […]
Posse Herrera Ruiz acted as Colombian legal counsel to Occidental Andina in the bidding process and subsequent sale of Oxy’s Colombian onshore E&P assets to The Carlyle Group. DEAL VALUE: USD 825 MILLION* CONFIDENTIAL Yes ☐ No ☒ STAKE:100 % ANNOUNCEMENT/SIGNING DATE: Thursday, October 01, 2020 CLOSING DATE: Subject to regulatory approvals. Cross-border matter […]
Posse Herrera Ruiz acted as Colombian legal counsel to Agnico Eagle Mines Limited, a Canadian gold mining company, in a joint venture with Newmont Corporation for the exploration of the Anzá gold project in Colombia. DEAL VALUE: ABOVE 5 MILLION CLOSING DATE: Tuesday, September 29, 2020 Cross-border matter Canada, Colombia. […]
Inversiones MCN S.A.S., a Colombian real estate company for Latin America, raised USD$10 million in Series A funding by Inspired Capital. Posse Herrera Ruiz acted as local counsel for Inspired Capital. Signing Date: Friday, July 31, 3020 Cross-border matter: United States and Colombia Legal Advisers: Counsel to Inspired Capital Partners I LP Posse Herrera Ruiz Leading Partner(s) Jaime Cubillos Other Lawyers Isabel Torres Alejandro Fernandez Cooley LLP Leading Partner(s) […]
Puerto Antioquia Holding S.A.S. and Global Infrastructure Partners Capital Solutions Funds I and II enter into a US$110 million secured holding company term loan agreement for the financing of Puerto Antioquia, a multipurpose terminal located in the municipality of Turbo, in the region of Urabá, Colombia, and which will be dedicated to containers, general cargo, […]