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:
Adidas, ADM, Anglo Gold Ashanti, Aon, Axa, Alpina, Banco Davivienda, Bancolombia, Banmédica, BNP Pariba, BofA/ Merril Lynch, BTG Pactual, Casa Editorial El Tiempo, Cencosud, Cerromatoso/South32, Cemex, Citibank, Credit Suisse, Coca-cola Femsa, Compañía de Petróleos de Chile, ConocoPhillips, Corpbanca, ED & F Man/Carcafe, Darby, DHL, Diageo, Distribuidora Nissan, Dole, Dunnhumby, Ecopetrol, Embraer, Fujifilm, Fujitsu, GDF Suez, GE, IFC, Google Colombia Limitada, Grupo Argos S.A, Head Hunters International, Indra, JPMorgan, Jerónimo Martins Colombia S.A.S, Kramer electronics USA, Kimberly-Clark, Lukoil, Mead Johnson, Nabors, Pepsico, Nestle S.A, Porsche, Productos Ramo S.A, Quiñenco, Refinería de Cartagena Reficar, Repsol, Seguros Bolivar, Shell, Skanska, Scotiabank, Sony Colombia S.A, Schneider Electric Industries, Grupo de Inversiones Suramericana, Syngenta, Termotasajero, Terpel, Team Foods Colombia S.A, Toshiba Tec, Trafigura, Tyco, UPS, Unilever, Vale, Verizon and Yara.

Number of partners worldwide: 23
Number of lawyers worldwide: 130+

 

Key Contacts

■ Agribusiness:
Contact: andres.montoya@phrlegal.com

■ City Planning and Urbanism:
Contact: Alejandro.turbay@phrlegal.com

■ Competition:
Contact: jorge.delosrios@phrlegal.com

■ Compliance:
Contact: Oscar.tutasaura@phrlegal.com

■ Corporate:
Contact: ernesto.cavelier@phrlegal.com

■ Dispute Resolution:
Contact: daniel.posse@phrlegal.com

■ Environmental:
Contact: alvaro.rodriguez@phrlegal.com

■ Finance & Capital Markets:
Contact: mariana.posse@phrlegal.com

■ Infrastructure & Public:
Contact: josealejandro.torres@phrlegal.com

■ International Trade:
Contact: juan.barbosa@phrlegal.com

■ Insurance & Reinsurance:
Contact: oscar.tutasaura@phrlegal.com

■ Intellectual Property:
Contact: helena.camargo@phrlegal.com

■ Labour & Immigration:
Contact: carolina.camacho@phrlegal.com

■ Mergers & Acquisitions:
Contact: jaime.herrera@phrlegal.com

■ Natural Resources & Energy Law - Mining:
Contact: alvaro.rodriguez@phrlegal.com

■ Real Estate, Urbanism & Agribusiness:
Contact: andres.montoya@phrlegal.com

■ Tax Planning & International Commerce:
Contact: juanguillermo.ruiz@phrlegal.com

■ White-Collar Crime:
Contact: daniel.posse@phrlegal.com

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 3

6.7

IP: Trademarks
Band 3

7.3

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

Articles

ANH Establishes Rules For Delivery Of Gas-Leak Baseline And Leaks Detection And Repair Program

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

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 […]

“Minor Changes” In Construction of Energy Projects With Environmental License…

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 […]

Quarterly Investment Outlook

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- […]

Intellectual Property Newsletter

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

Deadline to Access the Exempted Income Tax Benefit for Orange Economy Companies is Extended!

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 […]

List Of “Minor Changes” In Construction Of Energy Projects

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 […]

President Duque Announces that This Month Ends Health Emergency Due to COVID

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 […]

Quarterly Investment Outlook

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 […]

Ministry of Energy publishes New Regulation Regarding Production and Use of CERO and Low Emission Hydrogen

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 […]

Se suspenden los efectos de la Resolución MADS 110 de 2022 sobre sustracción de Reservas Forestales

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 acted as Colombian local counsel to Grenergy

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 […]

29 Sep 2022
Posse Herrera Ruiz advise TPB Acquisition Corporation in the merger with Brazil’s Lavoro LTDA

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, […]

29 Sep 2022
Posse Herrera Ruiz: Advised Torneos y Competencias on its acquisition of a majority stake in Telecinco, in connection international expansion plan.

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 […]

05 Sep 2022
Posse Herrera Ruiz: Road Infrastructure Investment Platform of Odinsa and MacQuarie Asset Management Starts its Operation

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 […]

27 Jun 2022
Posse Herrera Ruiz: Aqua Capital Acquires 100% Stake in Ascender S.A.

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 […]

01 Jun 2022
Posse Herrera: Akzo Nobel Coatings Completes the Acquisition of 100% of Grupo Orbis Shares

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 […]

09 May 2022
Posse Herrera Ruiz: Corpgroup Closes the Sale of its Stake in ITAU Corpbanca Colombia S.A.

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:                    […]

05 Apr 2022
Posse Herrera Ruiz Advises China Development Bank…

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 […]

28 Feb 2022
Posse Herrera Ruiz Advises Concesionaria Vial Union de Sur

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., […]

28 Feb 2022
Posse Herrera Advised Inversiones EDUCA in its Investment in the the Start-Up Griky

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   […]

02 Feb 2022
Posse Herrera Ruiz Announces 4 New Partners for 2022

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 […]

26 Jan 2022
Colombia – Posse Herrera Ruiz – MIH Edtech Investments B.V. to Invest in Platzi

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.) […]

29 Dec 2021
Unilever Successfully Sells Production Factory in Cali, Colombia

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 […]

29 Nov 2021
Indra Acquires Consultoria Organizacional to Expand Operations in Colombia

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. […]

01 Nov 2021
PROCAPS GROUP GOES PUBLIC VIA MERGER WITH UNION ACQUISITION CORP II

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:            […]

29 Oct 2021
Parque Arauco Agrees to Manage Parque Fabricato in Medellin and Exchange Purchase Options with Inmoval

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 […]

04 Oct 2021
POSSE HERRERA RUIZ ASESORÓ A LOS ACCIONISTAS DE SEVEN4N EN LA VENTA DE SU PART

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 […]

01 Sep 2021
Posse Herrera Ruiz Advises Concesion la Pintada S.A.S. and its Sponsors Odinsa S.A. and West Valley JL HoldCo Ltd.

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 […]

01 Sep 2021
Ecopetrol S.A. Acquires Control Over Interconexion

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 […]

01 Sep 2021
UPDATE: Closing: SNC-Lavalin Agrees to Sell Oil & Gas Business to Kentech Corporate Holdings

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 […]

01 Sep 2021
Grupo de Energía de Bogotá Agrees Merger

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 […]

01 Sep 2021
Posse Herrera Ruiz has Advised Bancolombia in Real Estate Joint Venture Agreement with CCLA Group

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 […]

28 Jul 2021
Delisting Tender Offer of Smurfit Kappy Group PLC to Delist Carton de Colombia S.A. Ordinary Shares

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 […]

28 Jun 2021
The First Social Bond for an Infrastructure Project in Latin America

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). […]

28 May 2021
POSSE HERRERA RUIZ FORTALECE SU PRÁCTICA DE RESOLUCIÓN DE CONFLICTOS CON LA ADMISIÓN DE JUAN PABLO BONILLA COMO SOCIO DE LA FIRMA

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 […]

26 Apr 2021
SAAM ACQUIRES 70% OF INTERTUG BUSINESS IN COLOMBIA, CENTRAL AMERICA AND MEXICO

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: […]

01 Apr 2021
BERGÉ INFRAESTRUCTURAS Y SERVICIOS LOGÍSTICOS S.L. AND TRANSPORTES VIGIA S.A.S. FORM A JOINT VENTURE IN COLOMBIA

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 […]

01 Apr 2021
POSSE HERRERA RUIZ ADVISED BANCO DAVIVIENDA IN A JOINT VENTURE WITH RAPPI TO CREATE A DIGITAL NATIVE FINANCIAL INSTITUTION

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 […]

25 Mar 2021
SNC-Lavalin Agrees to Sell Oil & Gas Business to Kentech Corporate Holdings

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 […]

26 Feb 2021
MEDICAL PROPERTIES TRUST AND STEWARD HEALTH CARE TO ENTER INTO THE COLOMBIAN HEALTH CARE MARKET WITH THE ACQUISITION OF CLINICS OPERATED BY NATIONAL CLINICS

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 […]

14 Jan 2021
SGS COLOMBIA HOLDING S.A.S. SECURES THE REFINANCING OF SUTHERLAND GLOBAL SERVICES INC.

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:    […]

14 Jan 2021
Project Lightning

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 […]

11 Jan 2021
Posse Herrera Ruiz advised Occidental Andina in the sale of its onshore E&P assets in Colombia to the Carlyle Group

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  […]

07 Oct 2020
Agnico Eagle Mines and Newmont Corporation Form Exploration Joint Venture in Colombia

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.     […]

02 Oct 2020
Inspired Capital to invest in Habi

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) […]

02 Sep 2020
Puerto Antioquia Holding S.A.S. and Global Infrastructure Partners Capital Solutions Funds I and II enter into a US$110 million secured term loan

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, […]

28 Aug 2020

Sign In

[login_form] Lost Password