Allen & Overy advises &Green on first investment in Colombia
08 March 2022
Allen & Overy (A&O) today announced that it acted as counsel to AndGreen Fund (&Green) on their new partnership with Hacienda San José (HSJ), a leading agribusiness company in genetics and sustainable meat production.
This new financing represents &Green’s first investment in Colombia and will help HSJ on its journey to enact positive change in the historically unsustainable cattle industry.
A&O advised on the 12-year loan facility that initiated this meaningful partnership, which will seek to protect and restore up to 27,000 hectares of tropical forest in Colombia’s underdeveloped Orinoquía region. The partnership seeks to also foster social inclusion through knowledge sharing, engage with the local community to develop jobs and ultimately find sustainable solutions for the cattle industry.
“In Colombia, unsustainable, extensive cattle ranching is considered a major driver of illegal deforestation. We are proud to advise our client &Green on their partnership with HSJ, who is paving the way for sustainable cattle production and regenerative farming techniques,” said partner Bruno Soares in São Paulo. “We hope to be a part of more transformational partnerships such as this one, supported by A&O’s local presence in Latin America and our projects expertise.”
Johnny Brom at &Green notes, “We are excited to announce this first transaction in Colombia and are thankful for our partners at A&O who guided us through this new investment. Our partnership with HSJ is vital to maintaining the valuable ecosystems of Colombia and finding innovative solutions for sustainable cattle farming.”
For further information, please contact Molly Nagel in New York at firstname.lastname@example.org.