Juan Dib
BroadSpan Capital
Bancolombia
Deal Type
Debt restructuring
Sector
Energy & Sustainability
Completion Date
28th February 2025
Deal Value
Not disclosed
Company Background
BroadSpan Capital acted as exclusive financial advisor to Bancolombia S.A. (“Bancolombia”) in the settlement of the outstanding financial obligations of ATN3 S.A (“ATN3”), a subsidiary of Abengoa Peru.
Bancolombia, headquartered in Medellín, Colombia operates as a full-service financial institution that offers a wide range of banking products and services to a diversified individual and corporate customer base of nearly 30 million customers primarily in Colombia and Central America.
Deal Summary
BroadSpan Capital acted as exclusive financial advisor to Bancolombia S.A. (“Bancolombia”) in the settlement of the outstanding financial obligations of ATN3 S.A (“ATN3”), a subsidiary of Abengoa Peru.
The transaction enabled Bancolombia to eliminate its exposure to ATN3, a 332km electricity transmission project in the Cusco region of Peru, while allowing Spain's Acciona Concesiones to acquire ATN3 and take control of the development of a crucial energy transmission project.
