Dentons Cardenas & Cardenas advises Vatia S.A.S. E.S.P. on the structuring of a US$10 million investment by IFC

Dentons Cardenas & Cardenas advised Vatia S.A.S. E.S.P. (“Vatia”) on the successful closing of a US$10 million investment by the International Finance Corporation (IFC).

Dentons Cardenas & Cardenas provided legal counsel to Vatia in the renegotiation and amendment of the 2022 agreement concerning the issuance and subscription of its shares. The Firm also advised on the fulfillment of the conditions precedent required to complete the transaction initially announced in 2022. This included negotiating a package of guarantees in favor of IFC. The transaction successfully closed three years after the original signing, overcoming various challenges through close collaboration between Vatia and IFC.

Vatia is a Colombian public utilities company dedicated to the commercialization of electric power. The proceeds from the investment will be used to expand its renewable energy assets and strengthen its operations in the country. This transaction is fundamental as it supports Colombia’s commitment to the sustainable development of the energy sector and the transition to renewable energy sources.

The Dentons Cardenas & Cardenas team included: (i) Santiago Gonzalez, partner; (ii) Santiago Miramon, partner (iii) Rodrigo de Vivero, associate and (iv) Juan Jose Macias, Law Clerk