Concesionaria Desaladora del Sur’s $122 Million Financing


Philippi Prietocarrizosa Ferrero DU & Uría and Garrigues advised on the transaction

Concesionaria Desaladora del Sur S.A. secured a $122 Million credit facility with BBVA Banco Continental.


Sociedad Concesionaria Desaladora del Sur S.A is a Peruvian special purpose company responsible for designing, financing, building, operating and maintaining the potable water distribution system for districts in southern Lima, known as the Provisur project. The company is a JV between Técnicas de Desalinización de Aguas S.A. (Tedagua) and Cobra Instalaciones y Servicios, both owned by Spanish Grupo Cobra.

Philippi Prietocarrizosa Ferrero DU & Uría advised BBVA Banco Continental and Continental Sociedad Titulizadora S.A. with a team including Ronald Fernández-Dávila (Picture), Gabriela Cuadros, Aouda Del Castillo and Sergio Rodríguez.

Garrigues advised Concesionaria Desaladora del Sur S.A. with Oscar Arrús, Jorge Fuentes and María Fernanda Tamayo.

Involved fees earner: Ronald Fernández-Dávila – Philippi Prietocarrizosa Ferrero DU & Uría; Gabriela Cuadros – Philippi Prietocarrizosa Ferrero DU & Uría; Sergio Rodríguez – Philippi Prietocarrizosa Ferrero DU & Uría; Aouda Del Castillo – Philippi Prietocarrizosa Ferrero DU & Uría; Oscar Arrús – Garrigues; Jorge Fuentes – Garrigues;

Law Firms: Philippi Prietocarrizosa Ferrero DU & Uría; Garrigues;

Clients: BBVA Continental; Continental Sociedad Titulizadora S.A. ; Concesionaria Desaladora del Sur S.A.;

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Author: Ambrogio Visconti.