27 February 2024
Sustainable Finance - Banking
Linklaters Advises Parques Logísticos Effitek on Financing of Itulpark, Ecuador’s First AAA Sustainable Logistics Park
Linklaters acted as New York counsel to Parques Logísticos Effitek S.A.S. (“Effitek”), an Ecuadorian logistics company, on the financing of Itulpark, the first AAA sustainable logistics park in Ecuador, located in Quito.
The project was financed with facilities from Inter-American Investment Corporation (“IDB Invest”), ILX Fund, and Banco Guayaquil, and with equity contributions, for a total amount of US$80 million.
The IDB Invest facility included two tranches. The financing also has support from certain corporate and individual sponsors. The proceeds of the facilities will be used by Effitek to develop and finalize Itulpark.
The Linklaters transaction team was led by Partner Matthew Poulter in São Paulo and Associate Juan Mata in New York.
Linklaters has practiced in Latin America for decades. With a growing team of Latin America-focused lawyers across the firm’s New York, Washington, D.C., and São Paulo offices, and the recent launch of Linklaters’ Mexico Group, the firm continues to increase its presence in the region and deepen existing relationships with leading local law firms. Linklaters is highly ranked across key Latin America legal directories, including Chambers, Legal 500, and Latin Lawyer.
The project was financed with facilities from Inter-American Investment Corporation (“IDB Invest”), ILX Fund, and Banco Guayaquil, and with equity contributions, for a total amount of US$80 million.
The IDB Invest facility included two tranches. The financing also has support from certain corporate and individual sponsors. The proceeds of the facilities will be used by Effitek to develop and finalize Itulpark.
The Linklaters transaction team was led by Partner Matthew Poulter in São Paulo and Associate Juan Mata in New York.
Linklaters has practiced in Latin America for decades. With a growing team of Latin America-focused lawyers across the firm’s New York, Washington, D.C., and São Paulo offices, and the recent launch of Linklaters’ Mexico Group, the firm continues to increase its presence in the region and deepen existing relationships with leading local law firms. Linklaters is highly ranked across key Latin America legal directories, including Chambers, Legal 500, and Latin Lawyer.
