| Firm |
POSSE HERRERA Y RUIZ ABOGADOS |
| Address |
Cra 7 No. 71-52
Torre A Piso 5
Bogotá
COLOMBIA |
| Phone
|
011-571-325-7300 |
| Fax
|
011-571-325-7313 |
| Contacts |
Jaime Herrera |
| Email
|
jaime.herrera@phrlegal.com |
| Web |
www.phrlegal.com |
| |
| Energy
Transactions |
- Advisors to a syndicate of international banks led by ABN AMRO BANK N.V. acting as administrative agent, in a US$1,460 million loan granted to Empresa de Energía de Bogotá S.A. E.S.P., E.E.B. (Colombia), to finance the acquisition by its wholly owned subsidiary Transportadora de Gas del Interior S.A. E.S.P., TGI, of the natural gas transportation assets of Ecogas. The original US$1,460 million loan was partially assigned by EEB to TGI. Financing included creating corporate vehicles and the issue of Senior Regulation S and Rule 144A notes; TGI International Ltd. issued US$750 million due in 2017 and EEB International Ltd. issued US$610 million due in 2014. Lawyers: Partners Jaime Herrera and Mariana Posse and associates Alvaro José Rodríguez and Carolina Sánchez.
- Advisors to Boytec (Chile) - Geotec (Colombia) for the definition of the legal structure for a mining exploration project in Colombia. Lawyers: Partner Juan Guillermo Ruiz and associates Mario Criales and Verónica Peláez.
- Counsel to the International finance corporation IFC, in an equity investment of US$15 million in Petrotesting Holdings. Lawyers: Partner Francisco Urrutia and associate Paola Morales.
- Advisors to IFC and Natixis (France) in the loan granted to Petrotesting in an amount of US$30 million.Lawyers: Partners José Alejandro Torres, Francisco Urrutia and associate Paola Morales.
- Counsel to Termocartagena (Colombia) in the approx. US$17,5 million sale of a power plant to EMGESA, part of the Spanish Endesa group. The significance of the transaction is that the company was in a restructuring process (Ley 550). Lawyer: Partner Daniel Posse.
- Advisors to Colombian four pension funds and Chilean foreign investors in the US$170 million acquisition and financing of the Termotasajero coal-fired power generation facility. Lawyers: Partners Jaime Herrera, Mariana Posse and Juan Guillermo Ruiz and associates Alessia Abello, Claudia Caballero, Carolina Camacho y Mario Criales.
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Telecommunications & I.T.
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- Posse, Herrera & Ruiz advises in the telecommunications, software and technology sectors. Active clients in 2007 for whom corporate, tax, labor and public bidding work has been performed include: Applus (Spain), CyS (Spain), Diveo (U.S.A.), Getronics (Netherlands), Indra (Spain, including its Azertia & Soluziona subsidiaries) (Spain), ProCibernetica (Colombia), SAS Institute (U.S.A.), Sun Microsystems (U.S.A.) and Verizon (U.S.A.). Lawyers: Partners Jaime Herrera, Mariana Posse, Juan Guillermo Ruiz and associates Claudia Caballero, Carolina Camacho and Carolina Peláez.
- Also, Francisco Urrutia was on the board of directors of Flycom Comunicaciones, until it merged with Internexa (both are ISA subsidiares; Colombia).
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Other Infrastructure Development
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- International Finance Corporation was selected in late 2007 by the Colombian Government to be its financial advisor to structure the Ruta del Sol project, and pursuant to a bidding process POSSE, HERRERA & RUIZ was chosen by IFC to be its legal advisor. The Ruta del Sol concession is a highway communicating Bogotá with the northern coast of Colombia (Santa Marta). It is a project of aprox. 1000 kms. with an estimated investment of US$2.5 billion. Lawyers: Partner José Alejandro Torres and associate Alessia Abello.
- Advisors to Colombian four pension funds and Chilean foreign investors in the US$170 million acquisition and financing of the Termotasajero coal-fired power generation facility. Lawyers: Partners Jaime Herrera, Mariana Posse and Juan Guillermo Ruiz and associates Alessia Abello, Claudia Caballero, Carolina Camacho y Mario Criales.
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Financial Services and Capital
Market |
- Advisors to Cencosud S.A. in the negotiation with Grupo Toro of a stock purchase agreeement for over US$300 million Almacenes Exito S.A. shares, subject to a bidding process in the Colombian stock market, and the bidding process itself. Lawyers: Mariana Posse, Natalia Escobar.
- Advisors to the Interamerican Development Bank (multilateral agency) in a Col$1trillion bond issuance in the local Securities Market. The Financial Superintendence has authorized the operation. Placement pending. Lawyer: Partner Mariana Posse.
- Advisor to INTERAMERICAN INVESTMENT CORPORATION (multilateral agency) in the issue of a partial guaranty for the bond issue and placement of Col$50.000 million in the Colombian Securities Market by Productos Naturales de la Sabana S.A. Lawyers: Partner Mariana Posse and associates Natalia Escobar, Santiago Acevedo and Verónica Arango.
- Advisors to the International Finance Corporation (multilateral agency) in a US$75 million equity contribution to Banco Davivienda S.A. (Colombia), and a US$165 million A/B subordinated bond subscription. Lawyer: Partner Mariana Posse.
- Advisors to Sodimac Colombia S.A. (Chile) in a Col$80 billion local bond issue. Lawyers: Partner Mariana Posse and associate Alessia Abello.
- Colombian counsel to JPMorgan Chase Bank N.A. (U.S.A.) as Administrative Agent and to J.P. Morgan Securities Inc., as Sole Book runner and Lead Arranger in a US$250 million loan to Organización Terpel S.A. for the acquisition of Repsol Assets in Chile. Lawyers Partner Mariana Posse and associate Natalia Escobar.
- Advisors to a syndicate of international banks led by ABN AMRO BANK N.V. acting as administrative agent, in a US$1,460 million loan granted to Empresa de Energía de Bogotá S.A. E.S.P., E.E.B. (Colombia), to finance the acquisition by its wholly owned subsidiary Transportadora de Gas del Interior S.A. E.S.P., TGI, of the natural gas transportation assets of Ecogas. The original US$1,460 million loan was partially assigned by EEB to TGI. Financing included creating corporate vehicles and the issue of Senior Regulation S and Rule 144A notes; TGI International Ltd. issued US$750 million due in 2017 and EEB International Ltd. issued US$610 million due in 2014. Lawyers: Partners Jaime Herrera and Mariana Posse and associates Alvaro José Rodríguez and Carolina Sánchez.
- Advisors to Bank of America (U.S.A.) in its joint venture with Corporación Financiera Colombia S.A. to participate in the bidding process for the sale of Central de Inversiones’ US$306 million portfolio of loans and other real estate assets. Lawyers: Partners Mariana Posse and Juan Guillermo Ruiz and associates Alessia Abello, Mario Criales, Natalia Escobar and Oscar Jiménez.
- Advisors to Citibank (U.S.A.) as administrative agent and to the lenders in a US$150 million syndicated loan granted to Suramericana BVI, Suramericana de Inversiones S.A., Compañía Suramericana de Construcciones S.A., Portafolio de Inversiones Suramericana S.A. (Colombia). Lawyers: Partner Mariana Posse and associate Natalia Escobar.
- Advisors to the International Finance Corporation in a US$10 million A Loan and USD$5 million stand-by loan to Terminal Marítimo Muelles el Bosque S.A. and Muelles el Bosque Operadores Portuarios S.A. (Colombia). Lawyers: Partner Mariana Posse and associate Paola Morales.
- Counsel to JPMorgan Chase Bank (U.S.A.) in its capacity of administrative agent and arranger and to the lenders in a US$300 million syndicated loan granted to Almacenes Éxito S.A. Lawyer: Partner José Alejandro Torres.
- Colombian advisors to MetLife (U.S.A.) in the private bidding process for the sale by Banco Santander of its pension fund business in Mexico, Colombia, Chile, Argentina and Uruguay. Lawyers: Partners José Alejandro Torres and Mariana Posse and associate Andrés Montoya.
- Advisors to Natixis (France) and International Finance Corporation as Administrative Agent and B lender in an US$15 millions AB loan to Petrotesting Colombia S.A. (Colombia). Lawyers: Partners José Alejandro Torres and Francisco Urrutia and associate Paola Morales.
- Colombian counsel to Citibank (U.S.A.) in a US$150 million secured term loan transaction, between Suramericana BVI Corporation, as Borrower; Suramericana de Inversiones S.A. Suramericana, Portafolio de Inversiones Suramericana S.A. and Compañía Suramericana de Construcciones S.A., as Guarantors; Citibank N.A., as Lender (to be further syndicated among other foreign financial institutions); Citigroup Global Markets Inc., as Sole Lead Arranger and Sole Bookrunner; Citibank N.A., as Administrative Agent and Cititrust S.A., as Collateral Agent. Lawyers: Partner Mariana Posse and associate Natalia Escobar.
- Advisors to Colombian four pension funds and Chilean foreign investors in the US$170 million acquisition and financing of the Termotasajero coal-fired power generation facility. Lawyers: Partners Jaime Herrera, Mariana Posse and Juan Guillermo Ruiz and associates Alessia Abello, Claudia Caballero, Carolina Camacho y Mario Criales.
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