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6 September 20213 minute read

DLA Piper advises Macquarie Asset Management in establishment of a road infrastructure investment fund with Odinsa

<em>The fund will initially manage existing projects with a consolidated valuation of US$1.15 billion</em>

DLA Piper Martinez Beltran represented Macquarie Asset Management in the establishment of a strategic alliance between Macquarie Infrastructure Partners V, an infrastructure fund managed by Macquarie Asset Management, and Odinsa, the road and airport concession subsidiary of Grupo Argos, for the creation of an investment platform that will manage Odinsa’s current road assets in Colombia with a consolidated valuation of US$1.15 billion.

This new transportation infrastructure partnership is one of the largest in Latin America and represents a significant investment for roads infrastructure in Colombia and the region. The partnership will initially manage Odinsa’s existing transportation projects in Colombia, which include Pacífico 2, Túnel Aburrá Oriente, Autopistas del Café and Malla Vial del Meta. The partnership will also explore opportunities to create value through the development of new road projects in Colombia, Peru and Chile.

“We were pleased to advise Macquarie in creating this alliance, which boosts our client’s infrastructure footprint in the region and enables it to help move forward crucial improvements to transportation infrastructure in Colombia and elsewhere. The combined expertise of Macquarie and Odinsa will be key for the success of this investment platform,” said Felipe Quintero, the DLA Piper partner who led the firm’s deal team.

In addition to Quintero (Bogotá), the DLA Piper Martinez Beltran team representing Macquarie Asset Management included partners Andrés González, Paola Aldana and Sebastián Lora; senior associates María Alejandra Buitrago and Roberto Camacho; and associates María José Rocha, Carlos Guzmán, Daniela Duarte and María Paula Herrera (all of Bogotá).

DLA Piper’s dedicated international infrastructure funds practice brings a strong understanding of the critical balance at play in infrastructure delivery models and transactions and works with clients to deliver ongoing and sustained success in delivering, owning or operating infrastructure assets.