- Macquarie Asset Management is a leading global asset manager with more than US 450,000 million of assets under management, which includes USD 107,000 million of equity invested in infrastructure assets around the world
- This platform has the potential of developing over COP 4.5 trillion in new investments in the region.
- By creating this platform through its concessions company, Grupo Argos continues to consolidate its position as a major player in the infrastructure sector in Colombia and the region.
- This strategic partnership is a clear demonstration of confidence in the country by Odinsa and the world’s largest infrastructure investment fund.
Odinsa, the Grupo Argos concessions company, and Macquarie Infrastructure Partners V (MIP V), an Americas-focused, unlisted infrastructure fund managed by Macquarie Asset Management (MAM), one of the world’s largest infrastructure managers, have signed a strategic alliance for the creation of an investment platform that will manage Odinsa’s current road assets in Colombia: Pacífico 2, Túnel Aburrá Oriente, Autopistas del Café and Malla Vial del Meta, with a consolidated valuation that amounts to COP
COP 4.3 trillion.
This new roads platform will become one of the largest in the region and will continue to explore additional opportunities to create value through the development of new projects that could require funding of close to COP 4.5 trillion, a highly relevant investment for road infrastructure in Colombia and the region.
The platform will also manage the initiatives that Odinsa is currently leading in the Colombian roads sector, including: Perimetral de la Sabana and Conexión Centro, as well as the possible expansion of the Concesión Túnel Aburrá Oriente, which if developed, will receive substantial financial backing and technical support for their development.
The platform will be created through the establishment of a private capital fund, whose investors will be Odinsa S.A. and MIP V (each with a 50 % share). In addition to capital, MAM will contribute its broad global expertise in the road industry to continue strengthening the results of current and future assets. MAM, jointly with Odinsa, will promote the platform’s growth which focuses on the development of transformational initiatives that foster the competitiveness of Colombia and the region.
|“With this strategic alliance with Macquarie Asset Management, we ratify our commitment to the country and we strengthen ourselves to continue consolidating and expanding our presence in Colombia and the region, with sustainable infrastructure projects that boost competitiveness and development.” Mauricio Ossa CEO of Odinsa|
Within the framework of the alliance, which was approved by the Board of Directors of Odinsa, an agreement was reached regarding the sale and contribution of the equity interests held by Odinsa in the Pacífico 2, Túnel Aburrá Oriente, Autopistas del Café and Malla Vial del Meta road concessions, as well as its private initiatives. These participations will be consolidated in the Fondo de Capital Privado, subject to the fulfillment of a series of precedent conditions for the closing and completion of this important transaction.
About Macquarie Asset Management
Macquarie Asset Management (MAM) provides specialist investment solutions to clients across a range of capabilities including infrastructure & renewables, real estate, agriculture, transportation finance, private credit, equities, fixed income, and multi-asset solutions.
As of March 31, 2021, the MAM business had more than $US450 billion of assets under management. MAM has over 1,900 staff operating across 20 markets in Australia, the Americas, Europe, and Asia.
MAM, through its affiliates, has been managing assets for institutional and retail investors since 1980 in Australia and in the United States, retail investors recognize the Delaware Funds® by Macquarie family of funds as one of the longest-standing mutual fund families, with more than 80 years in existence.
Press room: https://www.grupoargos.com/es-co/media/noticias:
|Iván Trujillo Institutional Relations and Communications Manager at Grupo Argos E-mail: firstname.lastname@example.org|
Cell phone: +57 (313) 829-1863
|Viviana Arroyave Communications Director at Odinsa|
E-mail: email@example.com Cell phone: +57 (311) 384-5611
|Lee Lubarsky Macquarie Group Media Relations E-mail: Lee.Lubarsky@macquarie.com +1 (347) 302-3000|
This press release does not constitute an advertisement or an offer to sell any security or the solicitation of any offer to buy an interest in MIP V or any existing or future fund or investment vehicle managed or advised by MAM and/or its affiliates or any other security. None of the entities referred to in this press release is an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these entities do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MBL does not guarantee or otherwise provide assurance in respect of the obligations of that entity