Cosmos: Minority Acquisition

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Acquisition of minority stake in Cosmos by Andino Investment Holding

In February 2011, Andino Investment Holding (“AIH”) completed the acquisition of a minority stake in Cosmos Agencia Maritima S.A.C. (“Cosmos”). With this transaction, AIH will secure control of 100% of Cosmos’ outstanding shares.

Cosmos is the leading company in maritime and port services in Peru, with close to 40 years in business and revenues of USD 50 MM. Cosmos provides stevedoring, pilotage and towing services, among others.

In addition, Cosmos also owns 50% of the Puerto de Paita (second largest port of Peru) concession and operates it through its subsidiary Terminales Portuarios Euroandinos along with its partner, TERTIR, subsidiary of Mota-Engil (Portugal).

This acquisition is part of AIH’s strategy to consolidate control in its main subsidiaries.

EFIC Partners acted as AIH’s financial advisor in the acquisition.