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Atlantico Capital closes a senior secured financing for ERSI Group in Latin America

  • Infrastructure

Atlantico Capital closes a senior secured financing for infrastructure projects in Mexico, Colombia, Panama, Peru, and Ecuador for ERSI Group

Atlantico Capital Partners LLC (“Atlantico Capital”) closed a US$ 50 million long term facility (the “Facility”) for Global Quality Steel Latam, S.A. (“GQS”), a Swiss global reinforcing steel manufacturer with subsidiaries in Mexico, Panama, Colombia, Ecuador and Peru which designs, supplies, manufactures, and delivers comprehensive and customized solutions for steel engineering needs in large civil engineering projects in the construction industry. The proceeds of the Facility will be used in connection with the financing needs related to a pipeline of large, iconic infrastructure projects throughout Latin America including Lima Metro Line 2 in Peru, Siervo de la Nacion Highway, Guadalajara Metro L-3 and Toluca Railroad in Mexico, Quito Metro L-1 in Ecuador and Magdalena Highway in Colombia, (the “Underlying Projects”) as well as other smaller projects in Latam, for a total amount around US$ 500 million contract value.

Atlantico Capital acted as exclusive financial advisor for GQS under the Facility and Corporacion Interamericana para el Financiamiento de Infraestructura, S.A. (“CIFI”) acted as Mandated Lead Arranger. RC Law acted as New York counsel to GQS with Hunton & Williams acting as Lender’s New York counsel. The Facility included also local counsels in Switzerland, Panama, Mexico, Peru, Colombia and Ecuador.

The Facility has been sculpted to be repaid with the cash flows coming from the different projects, allowing GQS to add new Projects as they are awarded to the subsidiaries of GQS in Latin America as a flexible financial solution for the existing backlog of projects but also for future growth.

Atlantico Capital is an investment banking boutique headquartered in Miami and focused on middle market M&A and structured debt transactions in Latin America, the Unites States and cross border transactions involving Spain and the Americas. In Latin America, Atlantico Capital’s geographical emphasis is on the Andean Pact countries, Central America and the Caribbean.

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Nathaniel Felton

Nathaniel Felton is a Vice President at Atlantico Capital. He has 10+ years of experience in the financial markets both in investment and private banking.

Prior to joining Atlantico Capital in 2015, he worked as an investment-banking associate at INTL FCStone securities Inc. (“INTL”), based in Miami as part of the project finance unit. Prior to INTL, he was an associate at Morgan Stanley Private Global Wealth Management based in New York, and was a credit analyst at Dexia Asset Management based in Paris, France.

Nathaniel holds a BA in Business Administration from the American University of Paris and, holds a Masters of Science in Finance from the Zicklin School of Business at Baruch College. He is fluent in English, Spanish, and French.

Marcos Martinez

Marcos Martinez is a Vice President at Atlantico Capital. He has +8 years of experience in investment banking export finance, structured finance, M&A and international trade.

Before joining Atlantico Capital in 2015, he worked as a Financial Analyst at the Structured Trade and Export Finance Department of Santander Bank.

Marcos is a CFA® Charterholder. He holds a Masters degree in International Business Administration from Menendez Pelayo International University and a Masters Degree in Business Strategy from Francisco de Vitoria University. He also holds a Bachelor of Science in Business Administration from Francisco de Vitoria University. He is fluent in English and Spanish.