Collage of modern infrastructures: industrial plant, highways, and train. Collage of modern infrastructures: industrial plant, highways, and train.

Proven experience in successful transactions. Explore our most notable cases

  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
M&A

Multibank Acquisition

Signing Date: March 2026
Company: BAC (Buyer) - Multi Financial Holding, a subsidiary of Banco de Bogotá (Seller) 
Amount: Approx. USD 460,000,000
Aval BI’s Role: Advisor to BAC (Buyer) and Multi Financial Holding (Seller and subsidiary of Banco de Bogotá) in the structuring, negotiation, and closing of the sale of 99.57% of Multi Financial Group, Inc. (MFG).

Financial consulting

Fairness Opinion - Petromil

Signing Date: February 2026
Company: Petromil
Amount: N/A
Aval BI’s Role: Financial advisor to Petromil in preparing a fairness opinion that assessed the financial reasonableness of a potential strategic transaction through a valuation analysis of the target, a review of the transaction’s financial terms, and its financial implications. 

M&A

Establishment and Consolidation of Aval Fiduciaria

Signing Date: January 2026
Company: Grupo Aval, Fiduciaria Corficolombiana, Fiduciaria Bogotá, Fiduciaria Occidente, Fiduciaria Popular
Amount: N/A
Aval BI’s Role: Advisor to Grupo Aval and its trust companies in the structuring and execution of the integration of the operations of Grupo Aval’s four trust companies into a single entity, now known as Aval Fiduciaria.

Syndicated loan

CÁRCEL METROPOLITANA PARA SINDICADOS DE MEDELLÍN

Signing date: December 2025
Company: Carmet Medellín S.A.S.
Amount: COP 215 billion
Aval BI’s Role: Advisor to the Aval Group banks (Banco de Occidente and Banco de Bogotá) on the financing of the PPP for the construction and operation of non-penitentiary services at the Medellín Metropolitan Prison for Indicted Defendants.
Syndicated loan

PETROMIL

Signing Date: October 2025
Company: Petromil Business Group
Amount: COP 797.5 MM
Aval BI’s Role: Advisor to the Petromil Group on the refinancing of its existing debt and securing new funds to support its investments and growth plans.
Syndicated loan

TÚNEL DEL ORIENTE

Signing date: August 2025
Company: Aburrá Oriente Tunnel Concession
Amount: COP 1.8 trillion
Aval BI’s Role: Financial advisor to the Aburrá Oriente Tunnel Concession in structuring the COP 1.8 trillion syndicated loan to finance the construction of the second Oriente Tunnel, as well as in signing the addendum that enabled the commencement of said construction.
Syndicated loan

GICA

Signing Date: August 2025
Company: APP GICA S.A.
Amount: COP 600,000 million
Aval BI’s Role: Advisor to the Aval Group banks (Banco de Bogotá and Banco de Occidente) on the novation of the existing debt and the disbursement for the cash-out of the shareholders of the Ethuss, Colpatria, and Latinco Groups.
Syndicated loan

Termotasajero

Signing Date: May 2025
Company: Termotasajero I and II
Amount: COP 600,000 MM
Aval BI’s Role: Advisor to Termotasajero I and II on the refinancing of their debts through the following banks: Banco de Occidente, Banco Popular, and Davivienda.
Syndicated Loan

Puerta de Oro

Signing date: November, 2024
Company: Patria Investments, Ashmore
Amount: COP 407.600 MM
Aval BI’s Role: Advisor to Grupo Aval banks (Banco de Bogotá and Banco de Occidente) for their participation in the project finance loan for the construction of the Puerta de Oro Solar Park.
Syndicated Loan

Metro Línea 1

Signing date: 2024
Company: China Harbour Engineering, Xi’AN Rail Transportation
Amount: COP 300.000 MM
Aval BI’s Role: Advisor to Banco de Bogotá for its involvement in the Project Finance financing for the construction of the First Line of the Bogotá Metro (PLMB).
Syndicated Loan

Greenyellow

Signing date: March, 2024
Company: GreenYellow Energía de Colombia SAS
Amount: COP 171.722 MM
Aval BI’s Role: Facilitating agent among all stakeholders involved in financing. Providing advisory to the banks associated with Grupo Aval.
Syndicated Loan

COVIANDINA

Signing date: August, 2024
Company: Concesionaria Vial de los Andes S.A.S
Amount: COP 1,32 TN
Aval BI’s Role: Acting as an advisor to Coviandina in a structured credit transaction aimed at securing additional resources and facilitating debt novation with Grupo Aval banks.
Structurer of Ordinary Bond Issuance

Emisión Grupo Aval

Date of Issuance: December, 2024
Company: Grupo Aval Acciones y Valores S.A.
Amount: COP 300,000 MM, exhibits a demand of 2.67x
Aval BI’s Role: Structuring Agent for the Ordinary Bonds Issue of Grupo Aval, along with Casa de Bolsa as Placement Agent.
Structurer of Ordinary Bond Issuance

Gases del Caribe

Date of Issuance: October, 2024
Company: Gases del Caribe S.A.
Amount: COP 526.220 MM
Aval BI’s Role: Structuring Agent and placement of conventional bonds within the secondary market.
Syndicated Loan

Gold

Signing date: January, 2024
Company: Clarendon Worldwide S.A. y Calleja S.A. de C.V.
Amount: USD 700 MM
Aval BI’s Role: Advised Grupo Aval's banks, Banco de Occidente and Banco de Bogotá, in securing funds for Grupo Calleja to acquire Grupo Éxito.
Syndicated Loan

Covipacífico

Signing date: May, 2024 (Banco de Bogotá), September, 2024(Banco Santander).
Company: Concesionaria Vial del Pacífico S.A.
Amount: COP 312.000 MM.
Aval BI’s Role: Exclusive financial advisor to Covipacifico for structuring essential construction financing.
Syndicated Loan

PCH Doña Teresa

Signing date: July, 2024
Company: Proeléctrica S.A.S.
Amount: COP 80.000 MM
Aval BI’s Role: Advisor to Proeléctrica for the refinancing of the PCH Doña Teresa through Grupo Aval's banks: Banco de Bogotá and Banco Popular.
Syndicated Loan

Ecopetrol

Signing date: 2024
Company: Ecopetrol
Amount: COP 1,0 TN
Aval BI’s Role: Provided advisory services to Ecopetrol and Grupo Aval's financial institutions, including Banco de Bogotá, Banco de Occidente, and Banco Popular, to secure funding for operational expenses and to restructure existing debt.
Syndicated Loan

Portón del Sol

Signing date: March, 2023
Company: Enerfín Servicios S.A.S – Grupo Elecnor
Amount: COP 300.000 MM
Aval BI’s Role: Securing financial resources to support the construction of the renewable energy project.
Syndicated Loan

Fiscalía

Signing date: May, 2023
Company: SP Ingenieros
Amount: COP 384.000 MM
Aval BI’s Role: Advisor to Grupo Aval banks (Banco de Bogotá and Banco de Occidente) for financing the PPP project for the Attorney General's Office in Cali.
Placement Agent and Syndicated Loan Structurer

Malla Vial del Meta

Signing date: November, 2023
Company: Concesión Vial de los Llanos S.A.S.
Amount: COP 140.000 MM
Aval BI’s Role: Advisor to the banks of Grupo Aval (Banco de Bogotá and Banco de Occidente) for the financing of the Malla Vial del Meta Private Initiative Bridge Loan project.
Placement Agent and Syndicated Loan Structurer

Covioriente

Signing date: August, 2023
Company: Concesionaria Vial del Oriente S.A.S.
Amount: USD 550 MM
Aval BI’s Role: Advisor and support in assessing, structuring, and securing the requisite financing for the refinancing of current obligations.
Placement Agent and Syndicated Loan Structurer

Coviandina

Signing date: December, 2023
Company: Concesionaria Vial del Andina S.A.S
Amount: COP 400.000 MM
Aval BI’s Role: Advisor to Coviandina regarding the refinancing of the existing debt associated with the Tranche in pesos, as well as the evaluation of potential cash-out options.
Lead Manager and Placement Agent of the First Bond Issuance

Covioriente

Signing date: May, 2022
Company: Concesionaria Vial del Oriente S.A.S. y Proindesa (Concecol)
Amount: USD 550 MM
Aval BI’s Role: Advisor to Covioriente and Proindesa (Concecol) regarding the refinancing of their construction bridge loan.
Syndicated Loan

Vinus

Signing date: August, 2022
Company: Concesión Vías del Nus S.A.S.
Amount: COP 700.000 MM
Aval BI’s Role: Advisor to the banks of Grupo Aval (Banco de Bogotá and Banco de Occidente) for the refinancing of the concesión Vías del Nus.
Placement Agent and Syndicated Loan Structurer

Renting Total

Signing date: January, 2022
Company: Renting Total S.A.S.
Amount: COP 40.000 MM
Aval BI’s Role: Advising and structuring of syndicated loan to Renting Total.
Syndicated Loan

Sabana

Signing date: June, 2022
Company: Concesión Sabana de Occidente S.A.S
Amount: COP 600.000 MM
Aval BI’s Role: Securing financial resources for the refinancing and cash-out of the shareholders in the Sabana de Occidente Concession project.
Syndicated Loan

GreenMóvil

Signing date: June, 2022
Company: Fanalca S.A. y Transdev
Amount: COP 523.000 MM
Aval BI’s Role: Exclusive advisor to FANALCA S.A. and Transdev for structuring financing of 406 electric buses and their supporting infrastructure.
Syndicated Loan

Aeropuertos de Oriente

Signing date: 2022
Company: Aeropuertos del Oriente S.A.S.
Amount: COP 230.000 MM
Aval BI’s Role: Advised to Aeropuertos de Oriente for the refinancing of their debts through Grupo Aval banks (Banco de Bogotá, Banco de Occidente and Banco Popular).
Syndicated Loan

Covipacífico

Signing date: May, 2022
Company: Concesionaria Vial del Pacífico S.A.
Amount: COP 186.000 MM
Aval BI’s Role: Advised Covipacífico in the structuring of a syndicated loan to obtain the pending financing of the project with Davivienda S.A.
Placement Agent and Syndicated Loan Structurer

Trecsa

Signing date: 2022
Company: Trecsa S.A.
Amount: USD 115 MM.
Aval BI’s Role: Advised Trecsa on raising funds with BAC to refinance debt and finance new investments.
Restructuring of Existing Debt

Estelar

Signing date: 2022
Company: Hoteles Estelar S.A.
Amount: COP 300.000 MM
Aval BI’s Role: Advised Hoteles Estelar for securing resources to refinance existing debt.
Issuance of Corficolombiana Ordinary Social Bonds

Corficolombiana

Date of Issuance: October, 2021
Company: Corporación Financiera Colombiana S.A.
Amount: COP 500.000 MM
Aval BI’s Role: Advised Corficolombiana S.A regarding the structuring and placement of social bonds.
Syndicated Loan

Covipacífico

Signing date: June, 2021
Company: Concesionaria Vial del Pacífico S.A.
Amount: USD 150 MM
Aval BI’s Role: Advised Covipacífico in securing financing for the Pacific Connection Highway 1 project.
Lead Manager and Placement Agent of the First Bond Issuance

Banco AV Villas

Date of Issuance: February, 2021
Company: Banco Comercial AV Villas S.A.
Amount: COP 500.000 MM
Aval BI’s Role: Advised AV Villas S.A. (Banco AV Villas) regarding the structuring and placement of ordinary bonds.
Placement Agent and Syndicated Loan Structurer

Distrito de Bogotá

Signing date: 2021
Company: Distrito de Bogotá
Amount: COP 770.000 MM
Aval BI’s Role: Advisor to the banks of Grupo Aval (Banco de Bogotá, Banco de Occidente, Banco Popular y Banco AV Villas) regarding the funding requirements of the district.