Morgan & Morgan advised Grupo Estrella with an acquisition finance and acquisition agreement related to a project in the energy sector.

Panama, December 6, 2023. Morgan & Morgan acted as legal counsel to Grupo Estrella in relation to an acquisition finance and acquisition agreement whereby through a newly incorporated Panamanian special purpose vehicle and a United Kingdom special purpose vehicle they obtained financing from a syndicated term loan granted by certain local banks to then acquire 15% of a natural gas based plant (381MW) and a liquified gas (GNL) terminal of a local infrastructure project related to the energy sector.

This cross-border transactions were complex giving the strict timing involved to get all documentation closed as disbursement of the financing had to occur second week of December and closing of the purchase agreement of the equity by no later than December 21st.

Partners Kharla Aizpurua Olmos, associates Arantxa Fernandez and Katia Pallares advised Grupo Estrella on the transaction. Additionally, from Morgan & Morgan Legal Tax Department José Rafael Reyes assisted in the structuring and tax related matters.