Shearman & Sterling advised Banca de Inversión Bancolombia S.A. Corporación Financiera as mandated lead arranger in connection with a $410 million ten-year term facility as well as a five-year revolving credit facility related to the acquisition by Actis Infrastructure 2 LP of a group of Guatemalan electricity distribution companies from Gas Natural.

Two of the electricity distribution companies, Distribuidora de Electricidad de Occidente, S.A. (DEOCSA) and Distribuidora de Electricidad de Oriente, S.A. (DEORSA), together supply electricity to 20 of the 22 departments in Guatemala, covering 94% of the country.

The Shearman & Sterling team was led by partner Gregory Tan (New York-Project Development & Finance) and included partners Robert N. Freedman (Project Development & Finance), Douglas R. McFadyen (New York-Tax), and Michael J. McGuinness (New York-Mergers & Acquisitions) and associates Emeka Chinwuba (New York-Finance), Osilama Innih (New York-Finance), Derek Kershaw (New York-Tax), Daniella Polar (New York-Finance) and Eva Rasmussen (New York-Executive Compensation & Employee Benefits).