I Squared acquires Barranquilla port

I Squared acquires Barranquilla port

M&A Equity Project & Infrastructure Finance Ports Colombia Caribbean United States

US infrastructure investment management firm I Squared Capital has spent $220 million to buy 77% of Sociedad Portuaria Regional de Barranquilla (SPRB), the company that operates the port in the Caribbean city in Colombia, according to local press reports. I Squared amassed the controlling stake from Latin American private equity firm Southern Cross Group, Colombian crude oil pipeline operator Ocensa and Barranquilla-based conglomerate Grupo Empresarial Olímpica, according to reports. The Miami-b

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