Cárdenas Entertainment and Marketing Group (CEMG)’s $10 Million Acquisition of Arena Bogotá


Philippi Prietocarrizosa Ferrero DU & Uría and Holland & Knight advised on the deal

Cárdenas Entertainment and Marketing Group (CEMG) executed the acquisition of Arena Bogotá for $10 Million.

The company will invest $30 million on renovation.

Cárdenas Entertainment and Marketing Group engages in organizing events and concerts.

Arena Bogotá occupies a plot of land exceeding 1 million square feet. The venue itself, along with “another event space,” will consume 750,000 square feet. The roof will be 131 feet high.

Philippi Prietocarrizosa Ferrero DU & Uría advised Cárdenas Entertainment and Marketing Group S.A.S. (CEMG) with Juan Carlos Rocha (Picture), Juan Miguel Luna Ricaurte, Diana Lozano, Luis Pupo, Sebastián Gallo, Alexander Acosta and Carlos Bravo.

Holland & Knight advised the developers of Arena Bogotá with Enrique Gómez-Pinzón, Lucas Saffon-López, María Alejandra Cabrera and Felipe Márquez.

Involved fees earner: María Alejandra Cabrera – Holland & Knight; Enrique Gomez-Pinzon – Holland & Knight; Felipe Márquez – Holland & Knight; Lucas Saffon-López – Holland & Knight; Alexander Acosta – Philippi Prietocarrizosa Ferrero DU & Uría; Carlos Bravo – Philippi Prietocarrizosa Ferrero DU & Uría; Sebastián Gallo – Philippi Prietocarrizosa Ferrero DU & Uría; Diana Lozano – Philippi Prietocarrizosa Ferrero DU & Uría; Juan Miguel Luna – Philippi Prietocarrizosa Ferrero DU & Uría; Luis Pupo – Philippi Prietocarrizosa Ferrero DU & Uría; Juan Carlos Rocha – Philippi Prietocarrizosa Ferrero DU & Uría;

Law Firms: Holland & Knight; Philippi Prietocarrizosa Ferrero DU & Uría;

Clients: Arena Bogotá; Cárdenas Entertainment and Marketing Group;