Global Infrastructure Partners , a leading global independent infrastructure investor, announced today that it has completed the acquisition of a 50% stake in Trabajos Maritimos S.A. (“Tramarsa”), a Peruvian integrated port infrastructure platform, in collaboration with Grupo Romero, one of the largest privately owned diversified conglomerates in Latin America. Tramarsa is backed by GIP’s GIP Emerging Markets I Fund1.
The transaction marks the start of a new joint venture co-controlled by GIP and Grupo Romero. Through this strategic partnership, and building on Tramarsa’s existing operations, both companies intend to invest more in port and mining infrastructure throughout South America’s Andean region.
Tramarsa, founded in 1990, operates two port concessions in Peru: Terminal Internacional del Sur at Matarani Port and Salaverry Terminal Internacional at Salaverry Port. Both concessions are strategically located at natural maritime entry and exit points for Peru’s primary mining and agricultural regions.
Tramarsa’s subsidiaries also provide port services and operate private terminals, and it has a minority stake in three specialized cargo terminals.
Tramarsa benefits from attractive long-term trends as copper demand is expected to nearly double by 20353, driven by global electrification and energy transition initiatives. Peru is the world’s second-largest copper producer, accounting for 10% of global production in 20222.
GIP is a leading independent infrastructure fund manager that invests in infrastructure assets and businesses with both equity and debt. GIP invests in energy, transportation, digital infrastructure, and water/waste in both OECD and select emerging market countries.
GIP is based in New York and has offices in 10 cities: New York, London, Stamford (Connecticut), Sydney, Melbourne, Brisbane, Mumbai, Delhi, Singapore, and Hong Kong. GIP manages approximately $87 billion for its investors. GIP’s portfolio companies generate approximately $80 billion in annual revenue and employ over 100,000 people.