![]() ![]() “It will expand our long-term position across South America by establishing us as a frontrunner in the Andean region and in Central America, where several countries are high on the global growth rankings for the next decade. “This is an excellent intended acquisition which aligns perfectly with our Grow & Deliver strategy of creating leading global positions and driving growth in emerging markets,” explains AkzoNobel CEO, Thierry Vanlancker. The transaction includes the Pintuco paints and coatings business, Andercol and Poliquim (resins) and Mundial (distribution and services). Present in ten countries in South America, Central America and the Antilles, Grupo Orbis has consolidated revenue of around COP $1.2 billion (€260 million). Completion is subject to regulatory approvals and is expected by end of this year, or in early 2022. The deal is highly relevant in view that with the acquisition of OneLink, Webhelp consolidates its operations worldwide as top player in the BPO and Call Center industries.AkzoNobel is to further expand its long-term position in South and Central America after reaching an agreement to acquire Colombia-based paints and coatings company Grupo Orbis. The deal consisted in the acquisition by Webhelp of all the Latin America operations of OneLink in México, Guatemala, El Salvador, Honduras, Nicaragua, Panamá and Colombia. Also, Arias conducted the review of the relevant Seller Disclosure Schedules included in the SPA. Completion is subject to regulatory approvals and is expected by end of this year, or in early 2022. Arias conducted the corresponding due diligence for each of the mentioned jurisdictions, advised regarding the relevant regulatory matters, and reviewed the applicable sections of the SPA for each of the jurisdictions involved. J(AKZA AKZOY) AkzoNobel is to further expand its long-term position in South and Central America after reaching an agreement to acquire Colombia-based paints and coatings company Grupo Orbis. Ana Mercedes was part of the team of local counsels for the jurisdictions of Guatemala, El Salvador, Honduras, Nicaragua and Panama for the transaction. Acquisition by Webhelp of all the Latin America operations of OneLink for $575,000,000.00.AkzoNobel is to further expand its long-term position in South and Central America after reaching an agreement to acquire Colombia-based paints and coatings company Grupo Orbis. The Main company brands: Pintuco, Protecto and AVF paints. The headquartered is in Medellin, Colombia. The transaction included the Pintuco paints and coatings business, Andercol and Poliquim (resins) and Mundial (distribution and services). Advisor to the buyer Acquisition by Akzo Nobel of 100% of the share capital of the Grupo Orbis S.A., a sociedad anónima, incorporated under the laws of the Republic of Colombia, that is the owner, directly or indirectly of shares of companies in Colombia, Ecuador, Panamá, Costa Rica, Honduras, Nicaragua, Guatemala and El Salvador. Ana Mercedes led a team through the execution of a Due Diligence on Central America´s companies and review the Disclosure Schedule of the deal.in El Salvador, Costa Rica and Panama in connection with a financing facility to CrediQ El Salvador and CrediQ CR for $100,000,000.00, as local counsel to the lenders Arias assisted DFC and Citibank as lenders in the financing facility, drafting and preparing the security documents according to the corresponding jursidiction (El Salvador, Costa Rica and Panama) ![]() Arias acted as local counsel for DFC and Citibank N.A.Ana Mercedes advised in a recent transaction as counsel for Lifemiles and Morgan Stanley for the refinancing of Lifemile's existing debt, including the cancellation of existing liens and formalization of new collateral.The syndicated loan was structured in two senior tranches: (i) an unsecured tranche for $35,800,000 and (ii) a secured tranche for $65,700,000 Ana Mercedes advised Citibank in a Syndicated loan to CrediQ, to be used for CrediQ working capital en El Salvador and Costa Rica. ![]()
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