AC Capitales acquires 30% stake in Doble Calzada Oriente S.A.S.

Cuatrecasas advised AC Capitales Infrastructure Fund II on negotiating and signing a subscription agreement, a shareholders agreement and an EPC contract to acquire a 30% stake in Doble Calzada Oriente S.A.S., a landmark infrastructure project for Colombia. 

AC Capitales’ holding and entry as a shareholder in the concessionaire is vital, providing increased strength and stability to the project. AC Capitales manages investment funds mainly focused on the infrastructure and real estate sectors.  It also invests in private capital companies and projects ranging from medium- to long-term development timelines. 

Ana María Sánchez, partner in the Cuatrecasas Infrastructure and Finance Practice, states: “Doble Calzada Oriente is a key infrastructure project for the Valle de Aburrá region, which will undoubtedly change the face of the area. It is the first of its kind as a public-private association to be developed with entirely private capital. The importance of AC Capitales’ holding and entry as a shareholder in the concessionaire is twofold: the concessionaire is associated with the likes of a large fund such as AC Capitales, and for AC Capitales, this is its first investment in Colombia.”

This complex transaction involved structuring and negotiating many contracts and agreements that helped  consolidate AC Capitales’ holding in the concessionaire Doble Calzada Oriente. 

Andrés Felipe Saldarriaga, mid-level associate in M&A states: “It was particularly interesting and enriching for Cuatrecasas to work on this transaction since it required participation and collaboration between the M&A and infrastructure and finance practices at the Bogotá office, showing once more our multidisciplinary capacity to take on large M&A projects in Colombia.”  

The team advising on the transaction was made up of Cuatrecasas lawyers Alfonso Reina, Alessia Abello, Andrés Felipe Saldarriaga and Ana María Sanchez.