About

Providing legal support to one of the largest commercial banking institutions in Colombia, the Grupo Bancolombia legal department has a strong country-wide reputation for the transactional expertise of its lawyers. Led by Mauricio Rosillo Rojas since 2008, the team has worked on some of Colombia’s most significant acquisitions, debt, equity and corporate offerings of the past decade, each time impressing with its ‘enlightening and synergistic’ approach to work. Most recently Bancolombia’s legal department worked on two major deals related to Colombia’s “Fourth Generation” (4G) Projects, an infrastructure program designed to modernise road infrastructure throughout the country. The first transaction, completed in February 2016, involved Fideicomiso Pacifico Tres, in its $380m project bond issuance to finance the construction and improvement of toll roads in the Valle del Cauca region in Colombia. The project financing also included Colombian peso-denominated credit facilities of approximately $270m, as well as a subordinated liquidity facility from the Colombian Government’s Financiera de Desarrollo Nacional. Dealing not only with a large number of players, but also a virtually endless series of legal and regulatory obstacles, Bancolombia’s legal team offered crucial insight into recognising and addressing difficulties even before they arise, facilitating the closure of the first successful Colombian 4G project. In July 2016, Bancolombia functioned as a trustee of Fideicomiso in its $262m 18-year project bond issuance to finance the construction and improvement of 159 km of roads, including the design, construction, improvement, maintenance, operation and exploitation of a toll road that will connect the northern cities of Cartagena and Barranquilla. ‘Bancolombia’s legal team played an essential role in shepherding the deal to a successful conclusion’, a source points out. ‘The combined expertise of Bancolombia’s legal team, and namely Mauricio Rosillo, Juan Sebastián Barrientos and Sebastián Ocampo Valencia, is more than comparable to the very best players in their industry. Their professionalism and commitment to getting the job done is unmatched’.