WSIP Port Holdings II Ltda’s $135 Million Acquisition of Argos Group interest in Compas S.A.

Brigard & Urrutia, Gibson, Dunn & Crutcher, Dentons Cárdenas & Cárdenas, Sullivan & Cromwell and Greenberg Traurig advised on the deal

Argos Group finalized the sale of its 50% interest in Compañía de Puertos Asociados S.A., (Compas S.A.) for $135 Million to WSIP Port Holdings II Ltda.

Grupo Argos S.A., an infrastructure investment company, engages in cement, energy, concessions, and real estate businesses. The company, led by Jorge Mario Velásquez Jaramillo, Alejandro Piedrahita, Ricardo Andrés Sierra, Juan Esteban Calle Restrepo and Mauricio Ossa, is based in Medellín.

WSIP Port Holdings II Ltda is a fund managed by Goldman Sachs.

Compañía de Puertos Asociados S.A. (Compas) is a network of multipurpose public ports created in Colombia in 2012 from a strategic alliance of Argos Group and Southern Port Holding Inc, which provides logistic services of loading/unloading and stevedoring of ships, either containers or bulk; loading and unloading of trucks and containers; specialized storage and handling of cargo; and international transshipment services. Based in Cartagena de Indias, Compas owns 6 Latin American terminals, 5 in Colombia and 1 in Panama.

Brigard & Urrutia advised WSIP Port Holdings II Ltda and Goldman Sachs with Darío Laguado Giraldo (Picture) Andrea Camila Cruz, Natalia Gutiérrez de Larrauri, Juan Pablo Malaver and Luis Miguel Centanaro.

Gibson, Dunn & Crutcher advised WSIP Port Holdings II Ltda and Goldman Sachs with Tomer Pinkusiewicz, Jason Mehar and Rubén Almaraz.

Dentons Cárdenas & Cárdenas advised Compas S.A., and Grupo Argos S.A. with Eduardo Cárdenas, Mauricio Borrero and Mónica Rodríguez.

In US, Sullivan & Cromwell LLP advised Grupo Argos S.A. with Christopher Mann and Courtland Maurice.

In US, Greenberg Traurig advised Compas S.A. with Emilio Alvarez-Farré, Stephen Pellicia and Juan Delgado.


Involved fees earner: Eduardo Cárdenas – Dentons – Cárdenas & Cárdenas; Mauricio Borrero – Dentons – Cárdenas & Cárdenas; Mónica Rodríguez – Dentons – Cárdenas & Cárdenas; Natalia Gutiérrez de Larrauri – Brigard & Urrutia; Darío Laguado Giraldo – Brigard & Urrutia; Juan Pablo Malaver – Brigard & Urrutia; Luis Miguel Centanaro – Brigard & Urrutia; Tomer Pinkusiewicz – Gibson Dunn & Crutcher; Jason Mehar – Gibson Dunn & Crutcher; Emilio Alvarez-Farré – Greenberg Traurig; Stephen Pelliccia – Greenberg Traurig; Juan Delgado – Greenberg Traurig; Christopher Mann – Sullivan & Cromwell; Courtland Maurice – Sullivan & Cromwell;

Law Firms: Dentons – Cárdenas & Cárdenas; Brigard & Urrutia; Gibson Dunn & Crutcher; Greenberg Traurig; Sullivan & Cromwell;

Clients: Goldman, Sachs & Co.; Grupo Argos S.A.; WSIP Port Holdings II Ltda ; Compañía de Puertos Asociados S.A. (Compas);


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Author: Ambrogio Visconti.