Our Deals
Soenergu International
Counsel to Soenergy in the renegotiation of a DBOMT agreement for the development of a 78MV power generation plant with a company of the Oil and gas sector
Celsia/ Cubico
Counsel to Celsia on the structuring, negotiation, and closing of a joint venture for the acquisition and development of transmission assets in Tolima, Valle del Cauca, Cauca, as well as the construction of the Toluviejo substation and a 160 km transmission line.
Powertis
Counsel to Powertis on the negotiation and acquisition of 100% of the shares of a photovoltaic energy project with an installed capacity of 99.9 MW.
Powertis
Counsel to Powertis on the negotiation and acquisition of 100% of the shares of an SPV (owned by two different shareholders) developing a photovoltaic energy project with an installed capacity of 19.9 MW.
Recurrent Energy (Canadian Solar)
Counsel to Canadian Solar on the negotiation of the bidding process and the sale of a solar power plant project with an installed capacity of 52 MW.
Tebsa
Counsel to TEBSA on the acquisition of 100% of the shares of an SPV developing and constructing a solar power plant with an installed capacity of 19.9 MW and a transmission line, located in Ibagué.
Tebsa
Counsel to TEBSA on the acquisition of 100% of the shares of an SPV developing a power generation plant using photovoltaic sources, with an installed capacity of 100 MW, located in Cundinamarca.
Celsia
Counsel to Celsia in the legal structuring of a joint venture with a compressed air systems operator for the construction and operation of an energy efficiency system with an installed capacity of 35 MW.
galp
Counsel to a Portuguese energy company on the legal due diligence and potential acquisition of 13 wind and solar projects in Colombia with a total installed capacity of 1.7 GW
Tebsa
Counsel to TEBSA on the legal due diligence for the potential acquisition of 100% of the shares of an SPV developing a power generation plant using photovoltaic sources, with an installed capacity of 9.9 MW, located in Cundinamarca.
Open Market
Maria Beatriz participated in the structuring of the auction and subsequent sale process of Open Market for USD 105 million.
ACON
Maria Beatriz led ACON Latam Management’s in-house team in the sale of Vitlis and its Latin American subsidiaries for USD 280 million.
ACON
Maria Beatriz advised ACON Latam Management on the sale of Aseo Urbano for USD 124 million, including the execution of ROFO processes and a drag-along right.
Avista
Counsel to Avista on the structuring, negotiation, and closing of a receivables funding operation for COP 120 billion for portfolio origination.
IHC
Counsel to IHC on the framework and transaction agreement with Grupo Argos, Grupo Sura, Grupo Nutresa, and Grupo Gilinski for the exchange of 87% of Grupo Nutresa’s outstanding shares for shares in Grupo Sura, with an estimated value of COP 21 trillion.
Central Parking System
Counsel to Central Parking System, a key player in the large-scale off-street facility management sector, in the negotiation of a share purchase agreement.
IHC
Counsel to IHC Holding Capital on its participation in the joint tender offer with Grupo Sura and Grupo Argos for the acquisition of 23.1% of Grupo Nutresa’s outstanding shares for a total value of USD 1.2 billion.
ACON
Counsel to Acon Latam Management and two of its private equity funds on their cross-border investment in a convertible loan into shares in Fitness Ventures S.A.P.I. de C.V., a Mexican company that owns and operates multiple gyms and fitness centers across Mexico.
ATLAS Renewable energy
Counsel to the private equity fund Atlas Renewable Energy Colombia regarding the existing senior loan agreement with Bancolombia, aimed at financing the development, construction, operation, and maintenance of a 201 MWp/160 MWac solar photovoltaic project.
Avista
Counsel to Avista on the structuring, negotiation, and closing of a receivables funding operation for COP 120 billion for portfolio origination.
Rappi Pay
We advised Rappi Pay on matters related to its liquidity indicators and Net Stable Funding Ratio (CFEN) before the Financial Superintendence of Colombia.
Lulo Bank
Counsel to Lulo Bank and its shareholders on the legal and regulatory structuring of a guarantee provider.
Supra
We provide ongoing advice to Supra, a fintech focused on cross-border payments in multiple currencies, on financial law, regulatory compliance, foreign exchange matters, and consumer protection.
Banco Pichincha
Counsel to Pichincha on regulatory aspects related to foreign exchange transactions, exposure indicators in its corporate debt segment, and its transition in certain financial products with a structural neo-bank approach.
STORI
We provide ongoing advice to Stori, a fintech company originating consumer loans through credit cards with a presence in Latin America, on financial law, regulatory compliance, foreign exchange matters, and consumer protection.
BTG Pactual
Counsel to BTG Pactual Colombia on regulatory compliance related to its treasury operations.
Avista
Counsel to Avista on the structuring of a customized corporate mechanism in accordance with the shareholders’ agreement, ensuring strong protection of minority interests.
Finkagro
We provide ongoing advice to Finkagro on the structuring and placement of financing products for imports, the acquisition of payment instruments, and embedded derivatives transactions.
FDN
We provide ongoing advice to FDN on financial law, regulatory compliance, and foreign exchange law matters, including the structuring of an investment classification policy.
Findeter
Counsel to Findeter on the negotiation of multiple ISDA Master Agreements and their annexes with seven international swap dealers from the United Kingdom, Spain, and France.
FDN
Counsel to FDN on the negotiation of two ISDA Master Agreements, their annexes, the CSAs, and a bilateral agreement on the U.S. Stay Regulation.
Credicorp Capital
Counsel to Credicorp on financial and foreign exchange regulatory matters applicable to derivatives, in relation to the 2020 Local Master Agreement and the credit support agreement, and their context in comparison with the ISDA Master Agreement.
BTG Pactual
Counsel to BTG Pactual Colombia on contractual and regulatory matters related to OTC derivatives, ISDA documentation, and Dodd-Frank protocols for its hedging operations with international swap dealers.
Avianca
Counsel to Avianca on the negotiation of more than ten ISDA Master Agreements, their annexes, CSAs, and bilateral protocols with various international swap dealers.
Colpatria
Counsel to Mercantil Colpatria on the negotiation of two local master agreements, their annexes, and bilateral protocols with various international swap dealers.
IHC
Counsel to IHC on the framework and transaction agreement with Grupo Argos, Grupo Sura, Grupo Nutresa, and Grupo Gilinski for the exchange of 87% of Grupo Nutresa’s outstanding shares for shares in Grupo Sura, with an estimated value of COP 21 trillion.
IHC
Counsel to IHC Holding Capital on its participation in the joint tender offer with Grupo Sura and Grupo Argos for the acquisition of 23.1% of the outstanding shares of Grupo Nutresa for a total value of USD 1.2 billion.
Blue Palm Advisors
Counsel to Blue Palm on the structuring of a subordinated and unsecured loan for COP 60 billion for a financing company.
Bancolombia
Counsel to Bancolombia on a cross-border term loan for COP 75 billion to support the investment of the controlling shareholder, based in Switzerland, in the Sociedad Portuaria Regional de Barranquilla.
Royal Group/ Lulo Bank
Counsel to Royal Group of Abu Dhabi on the funding operation for the acquisition of the first digital bank registered in Colombia (Lulo Bank) for USD 200 million.
2022
Bodytech
Counsel to Bodytech on the structuring, negotiation, and closing of the restructuring of a COP 300 billion syndicated loan granted by six local banks and partially guaranteed by FNG.
FDN/BBVA
Counsel to FDN on the structuring, negotiation, and closing of a cross-border loan with BBVA Spain for COP 1 trillion.
Bodytech
Counsel to Bodytech on the execution of a debt reprofiling agreement for COP 340 billion with a syndicate of six local banks, guaranteed by its operations in Chile, Peru, and Colombia, as well as by FNG.
Alcaldia de Barranquilla/ AFD
We advised the Special, Industrial, and Port District of Barranquilla on the negotiation and closing of a long-term external synthetic loan for 50 million euros to finance sustainability-focused projects in the district.
Alcaldia de Barranquilla/ Deutsche Bank
We advised the Special, Industrial, and Port District of Barranquilla on the negotiation and closing of a long-term external loan for USD 100 million, granted by Deutsche Bank for the repayment of the bridge loan.
Alcaldia de Barranquilla/ Deutsche Bank
We advised the Special, Industrial, and Port District of Barranquilla on the negotiation and closing of the first transitional bridge loan in foreign currency for USD 100 million, granted by Deutsche Bank to finance the district’s infrastructure projects.
Alcaldia de Barranquilla
We advised the Special, Industrial, and Port District of Barranquilla on regulatory and public credit matters, as well as on the negotiation and closing of its hedging agreements under the ISDA Master Agreement.
AFD/ EPM
We advised AFD on the negotiation and closing of an external loan granted to Empresas Públicas de Medellín for 180 million euros to finance its investment plan in the water, sanitation, and energy sectors.
Alcaldia de Barranquilla/ IDB
Counsel to the Special, Industrial, and Port District of Barranquilla on the negotiation and closing of a loan guaranteed by the Nation, granted by the Inter-American Development Bank for USD 100 million, aimed at financing the Biodiversity and Urban Equity Program.
Confidential
Counsel to two state entities on the structuring of international note offerings under Rule 144A/Reg S of the United States.
Alcaldia de Barranquilla/ JP Morgan Chase
Counsel to the Special, Industrial, and Port District of Barranquilla on the negotiation and closing of an external synthetic loan granted by JP Morgan Chase and guaranteed by MIGA for USD 100 million to refinance the District’s debt.
ITAU, Bancolombia, Multibank, Banco de Bogota, Santander, Credivalores, Banco de Occidente
Counsel to the lenders on the refinancing of a multi-tranche syndicated loan secured by Credivalores for COP 310 billion.
Celsia/ BID
Counsel to Celsia on the legal structuring of a portfolio sale operation for invoices totaling COP 1.2 trillion derived from the tariff option.
Rappi pay
Counsel to Rappi Pay on the structuring, negotiation, and closing of a revolving credit facility granted by a syndicate of five banks for COP 500 billion, consisting of receivables financing.
Banca de Inversion Bancolombia
Counsel to Banca de Inversión Bancolombia and several banks on a syndicated loan to fund a payroll loan portfolio obligation for COP 155 billion through a bankruptcy-remote vehicle.
Rappi Pay/ Davivienda
Counsel to Rappi Pay on the negotiation and closing of the purchase and sale of a consumer loan portfolio from Banco Davivienda S.A. for COP 470 billion.
Banco Pichincha
Counsel to Banco Pichincha (Colombia) on the legal structuring, negotiation, and closing of a payroll loan portfolio sale for USD 60 million with Banco Pichincha (Ecuador) to expand services in Colombia.
Banco Pichincha/ JP Morgan
Counsel to Banco Pichincha on the negotiation and closing of a synthetic credit line granted by JP Morgan Chase & Co. for USD 63 million, governed by English law, and used for the repayment of an inter-company loan.
Celsia/ Cubico
Counsel to Celsia on the negotiation of a BOMT contract and an O&M contract for the development, construction, and operation of the Toluviejo substation and a 160 km STN transmission line
Tebsa
Counsel to TEBSA on the negotiation of an EPC contract for the construction of a solar power plant with an installed capacity of 9.9 MW.
Powertis
Counsel to Powertis on the structuring of a PPA for energy purchase in the MEM with unregulated users to fulfill supply obligations under long-term energy supply contracts awarded through the third energy auction.
SOENERGY International/ Ferrenergy
Counsel to Soenergy on the structuring and negotiation of an EPC and O&M contract for the construction, operation, and maintenance of a power generation plant in Loreto, Peru.
Recurrent Energy
Counsel to Recurrent Energy (Canadian Solar) on the negotiation of modifications to the electrical connection EPC and the supply EPC for the installation of equipment to finance the SOL de las Ciénagas project, with an installed capacity of 52.5 MW.
Greenyelllow
Counsel to GreenYellow on the drafting of EPC contracts and O&M contracts for seven photovoltaic plants with a total capacity of 87 MW.
2025
Powertis
We advised Powertis in the third long-term supply contract auction and the awarding of four contracts with renewable energy supply obligations, covering 76% of a 100 MW photovoltaic plant.
Recurrent Energy
We advised Recurrent Energy (Canadian Solar) on the EPC contract and the O&M contract for the first battery energy storage system in Latin America, located in the department of Atlántico.
Tebsa
We advised TEBSA on the structuring and negotiation of a turnkey EPC contract for the construction of a solar power plant with an installed capacity of 100 MW and a transmission line, located in Cundinamarca.
Celsia y Cúbico
We advised Celsia and Cúbico on a multi-tranche, multi-currency facility for USD 340 million for the acquisition of transmission assets in three departments and the construction of the Toluviejo substation and a 160 km STN transmission line.
FDN/ EDC Energia de Colombia
Counsel to FDN on the structuring and negotiation of Colombia’s first letter of credit facility charged to the project’s credit line, granted to Energía de Colombia STR for the refinancing of the UPME STR 02-2019 Project for COP 700 billion.
FDN
Counsel to FDN on the first revolving contingent liquidity line in the market to support a COP 131 billion bond issuance for the financing of the acquisition of Fleet I and II of “Patio Calle 80” in Bogotá D.C.
Alsacia/ Express
Counsel to two Chilean transportation companies and their sponsors on the restructuring of a senior project bond for USD 370 million for the development and operation of five bus terminals in Santiago de Chile, issued under Rule 144A/Reg S of the U.S. Securities Act.
Recaudo Bogota
Counsel to Recaudo Bogotá in a restructuring agreement for a syndicated loan of COP 372 billion with IFC, KEXIM Bank, HSBC, EDTM Desarrollador de Tierras, and Citymóvil.
FDN (SITP) for USD 88 million.
Counsel to FDN on the structuring and negotiation of the first firm underwriting for the issuance and placement of securities derived from the securitization of economic rights under a bus fleet provision concession contract for Bogotá.
FDN/ Electribus Bogo
Counsel to FDN as the liquidity lender in the financing for the acquisition of the first fleet of electric buses by two concessionaires of Bogotá D.C.’s Integrated Public Transport System (SITP) for USD 88 million.
FDN/Concesión Alto Magdalena
Counsel to the lenders on the first financing of a 4G project (Honda-Puerto Salgar-Girardot) for USD 45.9 million, structured in three tranches in COP and one in USD.
Natixis/ Vitol
Counsel to Natixis (New York Branch) on the financing of the acquisition of Celsia Move SAS’s operator by Vitol Investment Partnership II Limited for USD 25.2 million.
FDN (SITP)
Counsel to FDN as the liquidity lender in the financing for the acquisition of 406 electric buses by two concessionaires (sponsored by Fenakca and Transdev) of Bogotá D.C.’s Integrated Public Transport System (SITP) for USD 130 million.
Societe Generale
Counsel to Société Générale on the financing granted to a company dedicated to electric mobility projects for the renewal of an electric fleet under a concession contract for Phase III of Bogotá’s Integrated Public Transport System (SITP).
Nuevo Cauca/ BTG Pactual
Counsel to BTG Pactual on the structuring and negotiation of a loan for the financing of the 4G Popayán-Santander de Quilichao project for COP 120 billion.
FDN/SACYR
Counsel to FDN on the structuring, negotiation, and closing of a letter of credit facility to support the reserve accounts of the 4G Pamplona-Cúcuta project.