Founded in 1927, Posse Herrera Ruiz is a standout firm across all practice areas. The firm has three offices in Colombia: Bogotá, Medellín and Baranquilla. Key partners at the firm include founder Mariana Posse, who heads the firm’s banking and capital markets practice areas, José Alejandro Torres, who heads the firm’s projects practice area, Maria Lucia Posada, who heads the firm’s public law practice area and founder Jaime Herrera who heads the firm’s corporate and M&A practice area.
The banking and finance team at Posse Herrera Ruiz advises both borrowers and lenders in transactions relating to credit facilities and loan issuances for refinancings, project financing and acquisition finance matters.
The firm deals with capital markets matters on both the debt and equity side,
representing issuers. The M&A team advises both local and foreign private equity firms, strategic buyers and sellers in M&A matters including acquisitions, joint ventures, reorganizations and mergers.
The projects and public law practice areas
represent financial sponsors and concessionaires in all aspects of project development, from bidding to financing to construction. Infrastructure, especially toll roads, is where the team thrives. The firm is also active in PPP projects.
Key clients for the firm include the IFC, Bank of Nova Scotia, Banco Santander,
Sendas
Distribuidora, BTG
Pactual, Carlyle Group, Northland Power, Bancolombia, APCA Consorcio Linea 1 and Sacyr.
Research period review:
33rd edition (2022/2023)
The firm advised on banking, capital markets, M&A and project development.
The banking team’s work primarily focused on project finance across a variety of industries. Further work included several restructurings of existing debt, acquisition
financings and matters involving social/green bonds.
The capital markets team worked on
a variety of debt issuances, several of which were social/green
bonds.
With regard to equity, the team advised on secondary share offerings, tender offers and IPOs.
M&A work for the firm included local and cross-border transactions advising buyers and sellers on significant acquisitions and private holding mergers. Notable sectors include technology and energy.
The projects team advised on public and private projects, including ports, roads and multiple power plants.
The banking team welcomed partner Natalia Escobar in January of 2022.
Deal highlights:
33rd edition (2022/2023)
Concesionaria Vial Unión del Sur $800 million project financing
Enerflex $625 million 9.00% bond
offering
Partners Telecom Colombia $200 million project financing
Hapag-Lloyd
$1 billion acquisition of SAAMs port and
logistics business
Client feedback:
33rd edition (2022/2023)
“They understand in detail the contractual local PPP project structure and documentation, allowing ground material to adjust finance documentation properly. PHR are focused on giving proper services to the sponsors.”
“Focused, detailed and a very professional firm.”
“The team has a lot of knowledge and availability. They are always open to finding solutions.”
“He has detailed knowledge of the topics, is very responsive and professional. A nice guy to work with.”
“Very focused and attentive, dedicated and hard-working.”
“He has a lot of knowledge of the market and is always willing to find solutions.”
“Experience and knowledge.”
