Fondo Ashmore Andino II – FCP and Ashmore Andean Fund II €121 Million acquisition of Concesión Santa Marta Paraguachón S.A.


Gómez-Pinzón Zuleta and Castro Leiva Rendón Criales advised on the deal

Fondo De Capital Privado Ashmore Andino II – Compartimento A and Ashmore Andean Fund II, LP, funds managed by Ashmore Management Company Colombia SAS, agreed to acquire a 35.8% stake in Concesion Santa Marta Paraguachon SA from Odinsa SA Valorcon S.A., Construcciones El Cóndor S.A., Concay S.A., Mario Alberto Huertas Cotes, Ramiro Alberto Pérez Restrepo, Ernesto Burgos Ramírez and Ricardo Montoya Beltrán, for COP 42.1 billion.

Concesión Santa Marta – Paraguachón S.A. offers design, repair, construction, operation, and maintenance of roadways.

Gómez-Pinzón Zuleta advised Fondo Ashmore Andino II – FCP and Ashmore Andean Fund II, LP with Jaime Robledo (Picture), Felipe Mariño, Paola Ordóñez and Nicolás Mazuera.

Castro Leiva Rendón Criales advised the selling shareholders with Marcela Castro, Juan Mario Rendón and Paola Mondragón.

Involved fees earner: Marcela Castro Pineda – Castro Leiva Rendón Criales; Juan Mario Rendón Ospina – Castro Leiva Rendón Criales; Jaime Robledo-Vásquez – Gómez-Pinzón Zuleta Abogados; Felipe Mariño Dueñas – Gómez-Pinzón Zuleta Abogados; Paola Ordoñez Arias – Gómez-Pinzón Zuleta Abogados; Nicolás Mazuera Cortéz – Gómez-Pinzón Zuleta Abogados;

Law Firms: Castro Leiva Rendón Criales; Gómez-Pinzón Zuleta Abogados;

Clients: Ashmore Management Company; Odinsa S.A.; Valores y Contratos S.A. Valorcon S.A.; Construcciones El Cóndor S.A.; Concay S.A.;