2 September 2021
Odinsa, the concessions company of Grupo Argos, 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 managers1, have signed a strategic alliance for the creation of an investment platform that will manage Odinsa's current road assets in Colombia.
This new transportation infrastructure partnership is one of the largest in Latin America and represents a significant investment for roads infrastructure in Colombia and the region. The partnership will initially manage Odinsa’s existing transportation projects in Colombia which include Pacífico 2, Túnel Aburrá Oriente, Autopistas del Café and Malla Vial del Meta, with a consolidated valuation that amounts to COP 4.3 trillion. The partnership will also explore opportunities to create value through the development of new road projects in Colombia, Peru and Chile.
“We are excited to expand our footprint in the region and invest in high-quality infrastructure assets that deliver essential services to local communities,” said Karl Kuchel, CEO of Macquarie Infrastructure Partners. “In Odinsa, we have found a great partner and we look forward to working together to strengthen transportation infrastructure across Colombia and the region.”
Jorge Mario Velásquez, President of Grupo Argos and of the Board of Directors of Odinsa added, “We are pleased to announce to the country this important alliance with one of the largest and most experienced infrastructure fund managers in the world, which will seek the development of roads infrastructure in Colombia, Peru and Chile, complementing Odinsa's road construction and development capabilities with Macquarie’s extensive sector knowledge, experience and access to capital.”
"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," said Mauricio Ossa, President of Odinsa.
For the creation of the platform, a Fondo de Capital Privado will be established which will be owned 50 per cent by Odinsa S.A. and 50 per cent by MIP V. MAM brings extensive global experience in the transportation infrastructure sector. The combined expertise of MAM and Odinsa will seek to develop transformational initiatives that provide critically-needed improvements to transportation infrastructure in Colombia and beyond.
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.
1. IPE Real Assets 2021 – Top 100 Infrastructure Investment Managers.
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 authorised 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.