Global law firm White & Case LLP represented IFC, a member of the World Bank Group, and two funds managed by the IFC Asset Management Company in their agreement to make their largest-ever equity investment in Colombia's infrastructure, providing $150 million to Pacific Infrastructure Ventures.
The equity investment, to be made by IFC, the IFC African, Latin American and Caribbean Fund, and the IFC Global Infrastructure Fund, will help Pacific Infrastructure Ventures develop port, storage, and transportation facilities. The proposed investment will be a significant investment in a growing company and will improve the logistics of the Colombian oil and gas sector.
"We were pleased and challenged to work with our longstanding client on this transaction, which will alleviate supply bottlenecks in the country's petroleum infrastructure and contribute to the growth of Colombia’s oil and gas exports," said Emilio Alvarez, White & Case partner who was the lead on the deal.
In addition to Alvarez, associate Ibrahim Barakat worked on the deal. Both are based in the Firm's Miami office.
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments. In FY12, our investments reached an all-time high of more than $20 billion, leveraging the power of the private sector to create jobs, spark innovation, and tackle the world’s most pressing development challenges. For more information, visit www.ifc.org.
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