Andean Cacao AG.’s Acquisition of a Majority Stake in Bacao S.A.S.

Brigard Urrutia, Posse Herrera Ruiz and McCarter & English advised on the deal

Andean Cacao Ltd. executed the transfer to Andean Cacao AG. of a majority stake in Bacao S.A.S.

Bacao S.A.S. develops an agroindustry cacao project in rural areas of Colombia formerly affected with armed conflict.

The transaction marked the initiation of a joint venture among seller and buyer for the development of the project and included the negotiation and execution of a shareholders’ agreement.

The project reflects the support of international investors in agroindustry transformation in formerly conflict areas in Colombia.

Brigard Urrutia advised Andean Cacao AG. with a team including Marc David Schlagenhoff (Picture) and Sergio Andres Velandia Cetina.

Posse Herrera Ruiz advised Andean Cacao Ltd with a team including Gabriel Sanchez, Pablo Martinez and Maria Jose Figueroa.

McCarter & English advised Andean Cacao Ltd with a team including Richard N. Hudock and Bernard C. Devieux.

Involved fees earner: Marc David Schlagenhoff – Brigard & Urrutia; Sergio Andrés Velandia – Brigard & Urrutia; Bernard Devieux – McCarter & English; Richard Hudock – McCarter & English; Pablo Martínez – Posse Herrera Ruiz; Gabriel Sánchez – Posse Herrera Ruiz;

Law Firms: Brigard & Urrutia; McCarter & English; Posse Herrera Ruiz;

Clients: Andean Cacao AG.; Andean Cacao Ltd.;

Author: Ambrogio Visconti.