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Our Work

Latham Watkins Represents Global Infrastructure Partners in Joint Venture in Peru

March 30, 2023
A multidisciplinary team led by members of the firm’s Latin America Practice advised the independent infrastructure fund manager on partnership that expands the company’s transportation sector opportunities in the Andean region.

Global Infrastructure Partners (GIP), a leading global independent infrastructure investor, jointly announced with Grupo Romero, one of the largest privately owned diversified conglomerates in Latin America, that it has completed the acquisition of a 50% stake in Trabajos Maritimos S.A. (Tramarsa), an integrated port infrastructure platform in Peru.

The transaction represents the beginning of a new joint venture that will be co-controlled by GIP and Grupo Romero. Through this strategic partnership, and building on Tramarsa’s established operations, both firms plan to invest further in port- and mining-adjacent infrastructure throughout the Andean region in South America.

The firm also advised GIP on its 2022 acquisition of Atlas Renewable Energy from Actis, the second largest independent renewables developer in Latin America.

Latham & Watkins LLP advised GIP as purchaser in the transaction and as borrower in the related acquisition financing with a deal team led by partners Tony Del Pino and Carlos Ardila. Advice was also provided on M&A matters by associate Francisco Lanusse, with associate Maria del Pilar Villanueva; on finance matters by associate Costanza Garcia, with advice from partner David Penna; on tax matters by partner Alan Kimball, with associate Christina McLeod; and on derivatives/hedges matters by counsel Brett Ackerman, with associates Ashley Weeks and Naffie Lamin.