Mergers & Acquisitions | Pérez-Llorca, Law Firm

Pérez-Llorca Colombia advises Avista Colombia’s shareholders on the sale of 100% of their shares to Grupo Cibest

dgaona — Tue, 18 Aug 2026 22:48:05 +0000

Comprehensive legal advice to the selling shareholders in the sale of 100% of the shares Avista Colombia S.A.S. BIC to Estrategias Cibest S.A.S., a company within Grupo Cibest, the holding company of the Bancolombia Group. The mandate covered the full transaction lifecycle, including assisting the selling shareholders throughout the buyer’s legal due diligence process and advising on the structuring, negotiation, signing of the transactions documents and closing of the transaction. The deal also involved the satisfaction of several conditions precedent, including the filing of the simplified merger control notice with the Colombian Superintendence of Industry and Commerce (SIC), as well as the coordination of multiple corporate and contractual workstreams.

Team:

Lina Uribe – Partner

Andrea Stephanou Cruz – Senior Associate

Daniela Huerta – Senior Associate

Andres Pulido Matallana – Associate

Mariana Hincapié – Associate

The post Pérez-Llorca Colombia advises Avista Colombia’s shareholders on the sale of 100% of their shares to Grupo Cibest appeared first on Pérez-Llorca, Law Firm.

Pérez-Llorca acts as lead counsel in complex venture capital and cross-border financing transaction

dgaona — Tue, 18 Aug 2026 22:14:28 +0000

Duppla, a Colombian startup specialising in alternative financing for home purchases, closed a new venture capital investment round of approximately US$60 million in debt and equity. The round was led by a Patria Investments fund and joined by Skandia Planeación Financiera, Cometa, Grupo Pegasus, Attom, Nazca and other national and international investors. Our engagement consisted of acting as led advisor for Duppla on the transaction, including the negotiation with the multiple participating investors and the drafting and negotiation of the transaction documents, including, among others, a Share Purchase Agreement, an Investors’ Rights Agreement, and amended and restated articles of association, through which Duppla will strengthen its financing capacity and accelerate the expansion of its “rent-to-own” model, while also reinforcing its residential income investment platform and advancing its expansion within the Colombian market.

Team:

Paola Valderrama – Partner

Tobias Kálnay – Senior Associate

Andres Pulido – Associate

Mariana Hincapie – Associate

The post Pérez-Llorca acts as lead counsel in complex venture capital and cross-border financing transaction appeared first on Pérez-Llorca, Law Firm.

Pérez-Llorca advises Terranum on the sale of its real estate portfolio to PEI for over COP 10.3 trillion

dgaona — Mon, 03 Aug 2026 16:01:23 +0000

The transaction, whose closing is subject to the fulfilment of conditions precedent (including governmental and corporate approvals, among others), is one of the most significant consolidation deals in the Colombian real estate market in recent years. It represents an increase of approximately 29% in PEI’s assets under management (AUM) and approximately 35% in its gross leasable area (GLA), bringing PEI’s total portfolio to over COP 10.3 trillion in assets and more than 1.15 million square meters of leasable space. The acquired portfolio, comprising five Class A corporate and logistics assets, carries an estimated occupancy rate of 93.9%, hosts more than 100 tenants from diverse economic sectors, and has the capacity to generate a net operating income (NOI) in excess of COP 200 billion per year, positioning PEI as one of the largest-scale real estate platforms in Latin America.

Team:

Ana Cristina Jaramillo – Lead Partner Mergers and Acquisitions

Daniel Londoño – Partner Banking and Finance

José Luis Suarez – Partner Mergers and Acquisitions

Mauricio Piñeros – Partner Tax

Alejandro Sanabria – Partner Tax

Álvaro Rueda – Senior Associate Mergers and Acquisitions

Juan Manuel Ronderos – Associate Mergers and Acquisitions

Mariana Esquivia – Associate Mergers and Acquisitions

Isabella Rivera – Associate Tax

Catalina Rodríguez – Associate Banking and Finance

The post Pérez-Llorca advises Terranum on the sale of its real estate portfolio to PEI for over COP 10.3 trillion appeared first on Pérez-Llorca, Law Firm.

Pérez-Llorca advises J Balvin on his strategic entry into the hospitality and premium gastronomy sector with ElCielo

dgaona — Thu, 18 Jun 2026 13:39:51 +0000

The client engaged the firm in connection with an acquisition and follow up investment in a minority stake in the chain of restaurants and hotels operating under the “El Cielo” brand located in Colombia and the United States, managed and co-owned by Michelin star Chef Juan Manuel Barrientos and his family.

The engagement originated from the client’s strategic initiative to diversify his investment portfolio beyond the entertainment and media sectors, identifying the premium hospitality and gastronomy industry as a sector offering compelling returns. The “El Cielo” brand, which has garnered Michelin-star recognition and operates establishments in key markets including Colombia and various cities in the United States including Miami, Washington and New York, presented an attractive platform for capital deployment and long-term value creation.

The client sought to formalize his participation through a structured equity investment that would provide meaningful governance rights while preserving operational flexibility for the existing management team.

Team:

Ana Cristina Jaramillo – Partner
Andrea Stephanou – Senior Associate
María José Acosta – Associate

The post Pérez-Llorca advises J Balvin on his strategic entry into the hospitality and premium gastronomy sector with ElCielo appeared first on Pérez-Llorca, Law Firm.

Pérez-Llorca supports Grupo Nutresa in its strategic food sector expansion with the purchase of Mimo’s

dgaona — Wed, 03 Jun 2026 13:31:54 +0000

Pérez-Llorca Colombia advised Grupo Nutresa S.A. on the acquisition, through Industria de Restaurantes Casuales S.A.S., of 100% of the shares of P.C.A. Productora y Comercializadora de Alimentos S.A.S. (Mimo’s), one of Colombia’s most iconic ice cream brands, from Grupo IGA. The comprehensive advisory encompassed legal due diligence, structuring and negotiation of all transaction documents, as well as regulatory and merger control advice before the Superintendency of Industry and Commerce.

Team:

Juan David Quintero Sánchez – Partner Mergers and Acquisitions
José Luis Suárez – Partner Mergers and Acquisitions
Paola Valderrama – Partner Mergers and Acquisitions
Mauricio Jaramillo – Partner Competition
Daniela Huertas – Senior Associate Competition
Felipe Guzman – Associate Mergers and Acquisitions
Andrés Quiroz – Associate Competition

The post Pérez-Llorca supports Grupo Nutresa in its strategic food sector expansion with the purchase of Mimo’s appeared first on Pérez-Llorca, Law Firm.

Pérez-Llorca advises Promigas on the acquisition of Zelestra’s regional renewable energy platform

dgaona — Tue, 02 Jun 2026 21:10:44 +0000

Promigas S.A. E.S.P., a leading Colombian natural gas transportation and distribution company, engaged Pérez-Llorca to advise on the negotiation and execution of a Sale Purchase and Assignment Agreement with Zelestra Corporacion, S.A.U. (a subsidiary of the EQT group), pursuant to which Promigas acquires 100% of the shares of the Zelestra group companies owning a regional renewable energy generation platform with assets in Colombia, Chile and Peru, as well as the seller’s full contractual position under the related intragroup credit agreements. The portfolio includes solar energy generation and storage projects with a contracted capacity of 1.4 GW and an additional development pipeline of over 2.1 GW. Closing took place on 27 May 2026, following receipt of merger control clearance in Colombia (SIC) and Peru (Indecopi) and satisfaction of the other customary conditions precedent for this sort of transactions.

Team:

Ana Cristina Jaramillo Cuellar – Lead Partner
José Luis Suarez – M&A Partner
Alejandro Sanabria – Tax Partner
Mauricio Piñeros – Tax Partner
Patricia Arrazola – Energy and Natural Resources Partner
Mauricio Jaramillo – Antitrust Partner
Daniel Londoño – Finance Partner
Catalina Prieto – Finance Senior Associate
Isabella Rivera – Tax Associate
Sara Ferrer – Finance Associate
Nasif Hamed – M&A Partner Spain
Alvaro Rueda – M&A Senior Associate
Tobías Kálnay – M&A Senior Associate Spain
Laura Garcia – Energy and Natural Resources Associate
Juan Manuel Ronderos – M&A Associate
María Alejandra Gómez – M&A Associate

The post Pérez-Llorca advises Promigas on the acquisition of Zelestra’s regional renewable energy platform appeared first on Pérez-Llorca, Law Firm.

Pérez-Llorca Legal Journal – May 2026

Mónica Moreno — Mon, 25 May 2026 13:27:18 +0000

This Legal Journal is mainly written in Spanish. For further information, please contact: comunicacion@perezllorca.com

The post Pérez-Llorca Legal Journal – May 2026 appeared first on Pérez-Llorca, Law Firm.

Sale of Prodeco’s Railway Fleet Marks a Milestone in Colombia’s Logistics Sector

dgaona — Thu, 23 Apr 2026 21:30:23 +0000

Pérez-Llorca Colombia advised Glencore International AG and its Colombian subsidiary, C.I. Prodeco S.A., on the sale of C.I. Prodeco’s entire rolling stock fleet, consisting of locomotives and wagons originally used for coal transportation, to Transporte Ferroportuario de Colombia – Transferport S.A.S. The transaction was structured through an irrevocable commercial offer and purchase order.

Prodeco, wholly owned by the Swiss conglomerate Glencore International AG, is a Colombian mining and logistics group with a key role in coal exports.

Team:

Natalia García – Partner Coporate. Mergers and Acquisitions

Paola Valderrama – Partner Coporate. Mergers and Acquisitions

The post Sale of Prodeco’s Railway Fleet Marks a Milestone in Colombia’s Logistics Sector appeared first on Pérez-Llorca, Law Firm.

Milestone in the construction materials sector: Pérez-Llorca coordinates the spin-off and sale of Cemex Colombia plants

dgaona — Wed, 18 Mar 2026 16:46:53 +0000

In the context of Cemex’s global strategic reorganization, aimed at optimizing its asset portfolio, Cemex Colombia S.A. reached an agreement with Holcim Ltd. for the sale of a cement plant (Caracolito), a grinding mill (Santa Rosa), and a portfolio of ready-mix concrete, aggregates, mortar, and admixture plants for a purchase price of US$485 million,, positioning it as one of the most significant M&A transactions in Colombia’s construction materials sector in recent years. The transaction with Holcim is currently expected to close at the end of the year, subject to customary closing conditions, including regulatory approvals.

Pérez-Llorca acted as legal counsel to Cemex Colombia in the structuring and negotiation of the transaction. This included advising on a partial spin-off of Cemex, the negotiation of the share purchase agreement, and the preparation and negotiation of several ancillary agreements, including a transitional services agreement, various lease agreements, and energy supply contracts, among others.

Team:

Juan David Quintero Sánchez – Partner

Daniela Romero Castellanos – Senior Associate

Tobías Kalnay – Senior Associate

Andrés Pulido Matallana – Associate

Bernardo Cárdenas de Bedout Jr. Associate

The post Milestone in the construction materials sector: Pérez-Llorca coordinates the spin-off and sale of Cemex Colombia plants appeared first on Pérez-Llorca, Law Firm.

Doing Business in Colombia 2026 Edition

dgaona — Wed, 11 Mar 2026 17:07:19 +0000

The post Doing Business in Colombia 2026 Edition appeared first on Pérez-Llorca, Law Firm.