Emergent Cold Latin America’s Acquisition of Frigorífico Metropolitano

Brigard Urrutia and Arthur Cox advised Emergent Cold Latin America on the transaction.
CH MAC Abogados advised Frigometro selling shareholders.
Philippi Prietocarrizosa Ferrero DU & Uría advised Scotiabank Colpatria S.A.

Emergent Cold Latin America (Emergent LatAm), executed the acquisition of Frigorifico Metropolitano (Frigometro), the leading cold storage operator in Colombia, with four locations in key markets across the country. This acquisition marks Emergent LatAm’s entry into Colombia – one of the largest and fastest-growing economies in Latin America – and represents the first of many planned investments in this important food export market. The Frigometro management team will remain with the company to ensure business continuity and further growth.

Established in 1992 by entrepreneur Gonzalo Diaz, Frigometro operates more than 29,000 pallet positions across four best-in-industry warehouses in strategic locations: Cartagena, Buga, Bucaramanga and Bogotá. 

Brigard Urrutia advised Emergent Cold Latin America on the transaction with a team including Jaime Robledo Vásquez (Picture), César Rodríguez, Paola Ordóñez, Pablo Brando Espinosa, Hui Min Zheng, Sebastián Ortegón, Antonio Garlatti, Juanita Bermúdez O’Brien, Laura Castellanos and Juanita Calderón Padilla.

CH MAC Abogados advised Frigometro selling shareholders with a team including Mario Criales Ardila, José Hincapié Velásquez and José Desiderio Martínez.

The Philippi Prietocarrizosa Ferrero DU & Uría (Colombia) team included Partner Juan Fernando Gaviria, Associates Ana María Ramirez, Camilo Arbeláez, and Juliana Pérez.

The Arthur Cox team included Stuart Mansfield (Partner), Richard Armstrong (Partner), Andrew McClurg (Associate), and Hannah Jackson (Associate).

Involved fees earner: Richard Armstrong – Arthur Cox; Hannah Jackson – Arthur Cox; Stuart Mansfield – Arthur Cox; Andrew McClurg – Arthur Cox; Juanita Bermúdez Obrien – Brigard Urrutia; Pablo Brando Espinosa – Brigard Urrutia; Laura Castellanos Fuquen – Brigard Urrutia; Antonio Garlatti-Venturini Osorio – Brigard Urrutia; Hui Min Zheng – Brigard Urrutia; Paola Ordóñez – Brigard Urrutia; Sebastián Ortegón – Brigard Urrutia; Jaime Robledo Vásquez – Brigard Urrutia; Cesar Felipe Rodríguez – Brigard Urrutia; Mario Criales Ardila – CH MAC Abogados; José Desiderio Martínez Díaz – CH MAC Abogados; José Hincapié Velásquez – CH MAC Abogados; Camilo Arbeláez – Philippi Prietocarrizosa Ferrero DU & Uría; Juan Fernando Gaviria – Philippi Prietocarrizosa Ferrero DU & Uría; Juliana Pérez – Philippi Prietocarrizosa Ferrero DU & Uría; Ana María Ramírez – Philippi Prietocarrizosa Ferrero DU & Uría;

Law Firms: Arthur Cox; Brigard Urrutia; CH MAC Abogados; Philippi Prietocarrizosa Ferrero DU & Uría;

Clients: Emergent Cold Latin America; Frigorífico Metropolitano – FRIGOMETRO; Scotiabank Colpatria S.A.;

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Author: Ambrogio Visconti