Actis Long Life Infrastructure Fund II a fund managed by Actis LLP completed the acquisition of Portfolio of operational toll roads in Colombia from Sacyr, S.A. for approximately $402 million.
Actis Long Life Infrastructure Fund II a fund managed by Actis LLP entered into an agreement to acquire Portfolio of operational toll roads in Colombia from Sacyr, S.A. (BME:SCYR) in a transaction valued at $1.6 billion on June 10, 2025. The consideration for $1.6 billion including debt and equity. The portfolio, which totals 416km of roads, consists of three toll roads in Northern and Western Colombia. Actis will acquire 100% of the Pamplona-Cucuta toll road, a 123km road completed in November 2024; a controlling stake in the 112km strategic Rumichaca-Pasto highway completed in 2023 connecting Colombia with Ecuador; and a co-control stake in Autopista al Mar 1, a 181km toll road connecting Colombia?s second largest economic hub with the Caribbean coast that was completed in 2023. Thus, the closing of the transaction is subject to the fulfillment of certain conditions precedent that are customary in this type of transaction and regulatory approvals and is expected to take place in the second half of 2025.
John Franchini, Aaron Stine, Daniel P. Tyrrell, Roland Estevez and Elizabeth A. Martinez of Milbank LLP; and Sergio Michelsen, Sebastián Lora and Ángela García of Brigard & Urrutia S.A.S. acted as legal advisor for Actis LLP. Mayer Brown represented JPMorgan Chase, as lender, in a credit agreement with infrastructure investor, Actis, to finance a portion of its acquisition of a portfolio of three strategic highway concessions in Colombia. Philippi, Prietocarrizosa & Uria; Laura Galeano, Juan Manuel De La Rosa and Sebastián Celis of Martínez Quintero Mendoza González Laguado & De La Rosa; and Posse Herrera Ruiz acted as legal advisor for Sacyr, S.A. and Paul Hastings LLP served as New York counsel to Grupo Sacyr on financing-related matters.
Actis Long Life Infrastructure Fund II a fund managed by Actis LLP completed the acquisition of Portfolio of operational toll roads in Colombia from Sacyr, S.A. (BME:SCYR) for approximately $402 million on November 26, 2025. Following the fulfilment of the regulatory and conditions precedent to which the transaction was subject, the parties have proceeded to complete the sale, and therefore the company controlled by ACTIS LONG LIFE INFRASTRUCTURE FUND 2 has proceeded to purchase 100% of Sacyr?s stake in the three concession assets in Colombia. The transaction amounts to a total of $1.6 billion, of which the equity amounts to $332 million. The amount has been adjusted with an interest rate applied until the closing of this transaction. In addition, Sacyr could also receive earn-outs valued at approximately $70 million more, depending on the success of several claims currently being processed, with a possible positive impact on the group's accounting and cash flow.
Sacyr, S.A. is a building and public works group. Net sales (including intragroup) break down by activity as follows:
- industrial sites, infrastructure and building construction (57.9%);
- management of infrastructure under concession (36.9%): airports, roads, hotels, offices, shopping malls, etc.;
- services (5.2%): business of integrated water cycles, renewable energy generation plants and self-consumption and energy efficiency projects.
62.3% of sales are abroad.
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Actis Long Life Infrastructure Fund II a fund managed by Actis LLP completed the acquisition of Portfolio of operational toll roads in Colombia from Sacyr, S.A. for approximately $402 million.