SAAM’s Acquisition of Intertug Investments

Brigard Urrutia and Gómez-Pinzón advised on the deal

SAAM Towage executed an agreement to acquire 70% interest in Intertug Investment Holding, a tugboat service company in Colombia, Mexico and Central America.

The deal will be carried out through a combination of a capital increase and a purchase of shares.

Through the acquisition sees SAAM enters the Colombian tugboat market.

Intertug has more than 25 years of experience providing port towage, offshore and special services in Colombia, Mexico and Central America. The company has a fleet of 25 vessels, and generates annual sales of about $44 Million.

The agreement is subject to the approval of the regulatory authorities and the fulfillment of other usual conditions for this type of operations.

Brigard Urrutia advised SAAM S.A. with Jaime Robledo Vásquez (Picture), Tomás Holguín Mora and Gonzalo Orrego.

Gómez-Pinzón Abogados advised Clear Ocean Investment S.A. with Andrés Hoyos Ramírez, Natalia García Arenas, Andrés Felipe Fonseca, Álvaro Rueda Cotes and Santiago Villamil Ospina.

Involved fees earner: Tomas Holguin Mora – Brigard & Urrutia; Gonzalo Orrego Vélez – Brigard & Urrutia; Jaime Robledo Vásquez – Brigard & Urrutia; Andrés Felipe Fonseca Struss – Gómez-Pinzón; Natalia García Arenas – Gómez-Pinzón; Andrés Hoyos Ramírez – Gómez-Pinzón; Alvaro Rueda Cotes – Gómez-Pinzón; Santiago Villamil Ospina – Gómez-Pinzón;

Law Firms: Brigard & Urrutia; Gómez-Pinzón;

Clients: Clear Ocean Investment S.A.; SAAM S.A.;