Putney Capital Management’s acquisition of 50% stake in Gerdau Diaco


DLA Piper, OMG, Gómez – Pinzón Zuleta Abogados and Simpson Thacher & Bartlett have advised on the deal

Putney Capital Management, an asset management and advisory company located in Central America and the Caribbean, in its acquisition of a 50-percent interest in Colombian steel mill, Diaco S.A., from Gerdau S.A., a major steel manufacturer based in Brazil.

Putney Capital also partners with Gerdau in its steel operations in the Dominican Republic.

The DLA Piper team advising Putney Capital included lead partner Francisco J. Cerezo (Picture); partners Nikos Buxeda (San Juan) and John Murphy (Miami); DLA Piper Martinez Beltran partners Camilo Martínez and Felipe Ospina (Bogota); project manager John Guarin (New York); foreign legal consultant Mélisande E. Brodeur-Perez (Miami); and associates Joseline Rodriguez (Miami), Andrés Torres (Bogota) and Sebastian Celis (Bogota).

Putney Capital was also advised by attorneys with OMG, a law firm located in the Dominican Republic with a team including Leonel Melo, Esperanza Cabral, Juan Alcalde, Gloria Gassó and María Gabriela Trujillo.

Gómez – Pinzón Zuleta has advised Gerdau S.A. with Andrés Hoyos and Felipe Mariño.

Simpson Thacher & Bartlett has advised Gerdau S.A. with Jaime Mercado, Rob Holo, Borja Marcos, Pablo M. Richards and Luiz Rafael De Vargas Maluf.

Involved fees earner: Leonel Melo Guerrero – OMG; Esperanza Ivette Cabral Rubiera – OMG; María Gabriela Trujillo – OMG; Juan Alcalde Fernández – OMG; Gloria Gassó Jovel – OMG; Camilo Martinez Beltran – DLA Piper Martínez Beltrán; Felipe Ospina Acosta – DLA Piper Martínez Beltrán; Andrés Torres Rueda – DLA Piper Martínez Beltrán; Sebastian Celis Rodriguez – DLA Piper Martínez Beltrán; Andrés Hoyos Ramirez – Gómez-Pinzón Zuleta Abogados; Felipe Mariño Dueñas – Gómez-Pinzón Zuleta Abogados; Jaime Mercado – Simpson Thacher & Bartlett; Borja Marcos – Simpson Thacher & Bartlett; Pablo Richards – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Francisco Cerezo – DLA Piper; Nikos Buxeda – DLA Piper; John Murphy – DLA Piper; Mélisande Brodeur-Perez – DLA Piper; Joseline Rodriguez-Ortiz – DLA Piper; John Guarin – DLA Piper;

Law Firms: OMG; DLA Piper Martínez Beltrán; Gómez-Pinzón Zuleta Abogados; Simpson Thacher & Bartlett; DLA Piper;

Clients: Putney Capital Management; Gerdau S.A.;

Author: Ambrogio Visconti.