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Latham Advised on Three Deals of the Year in Latin America

March 6, 2023
Firm commended for its notable transactional work in infrastructure, energy development, and finance.

Latham & Watkins advised on three award-winning deals announced at the Proximo Latin America Energy, Infrastructure & Development Finance event. This annual ceremony recognizes industry leaders for their achievements and groundbreaking transactions.

Latham advised on:

  • Latin America Roads Deal of the Year - Rumichaca-Pasto 4G Refinancing: Latham represented multiple parties in a US$906 million multi-source refinancing and dividend recapitalization deal. The financing was the first in Colombia to include a project-level letter of credit facility to collateralize reserve accounts rather than cash-fund them. It was also the largest-ever 4G financing and the IDB Group's first investment in a local currency-denominated project bond.
  • Latin America LNG Deal of the Year - EIG/Fluxys GNL Quintero Acquisition: Latham advised on this acquisition financing deal for GNL Quintero, the largest terminal in Chile for receiving/unloading LNG and a critical energy infrastructure business supporting Chile’s decarbonization strategy. Gas infrastructure company Fluxys and institutional investor EIG acquired an 80% equity stake in Quintero from Enagás Chile SpA and affiliates of OMERS Infrastructure.
  • Latin America Renewables Deal of the Year - GIP Atlas Renewable Energy Acquisition: Latham served as advisor to Global Infrastructure Partners (GIP) in its acquisition of Atlas, the second largest independent renewables developer in Latin America with 14 fully contracted solar assets that produce 2.3GW of installed capacity across Brazil, Chile, Mexico, and Uruguay. As economic expansion and the global energy transition drive demand for renewable energy, this notable transaction increases GIP's presence in Latin America.

The winning transactions show evidence of the firm’s deep insight into Latin America’s legal and commercial dynamics to counsel clients on their most complex and groundbreaking deals.