Metropolitan Capital Announces the Selling of 51% of Canal Clima to Valorem from Grupo Santo Domingo

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On Monday Canal Clima Ltda. y Valórem S.A. executed a Capitalization Agreement by virtue of which Valorem S.A. will invest in MONITOREO DE AMENAZAS NATURALES S.A.S. MONITOREO will operate the real time meteorology businesses under the CANAL CLIMA brand.

We firmly believe that Canal Clima and Valorem S.A. will strengthen the work of research, development and promotion of the services that until today has been successful.

On Monday Canal Clima Ltda. y Valórem S.A. executed a Capitalization Agreement by virtue of which Valorem S.A. will invest in MONITOREO DE AMENAZAS NATURALES S.A.S.. MONITOREO will operate the real time meteorology businesses under the CANAL CLIMA brand. Through this investment, Valórem S.A. will acquire 51% of such company.

“We firmly believe that Canal Clima and Valorem S.A. will strengthen the work of research, development and promotion of the services that until today has been successful,” highlighted Valorem

The transaction’s objective is to foster the growth on the services that had been provided through http://www.canalclima.com.

Canal Clima uses special proprietary equipment that inserts local weather forecast and warning information. Canal Clima is headquartered in Bogota, Colombia from where it covers Latin America. Beginning as a 24-hour, 7 day internet application devoted entirely to weather, it has expanded across several mediums to bring the breaking weather to its viewers and users.

Valorem S.A., the Santo Domingo’s family holding company is a public listed holding based in Bogotá, Colombia, with assets in various Latin American countries.

Metropolitan Capital, a Colombian based financial services boutique, acted as exclusive financial advisors to the sellers.

Metropolitan Capital is a 100% employee owned, Colombia-based financial boutique that caters to the needs of its customers by offering a world-class platform with direct and highly personal advice. The company works with a wide range of clients, including multinationals, start-ups, institutions and governments in an effort to provide comprehensive strategic advice.

At Metropolitan Capital we organize our work to define and implement long-term strategies that maximize customer value and fulfill individual objectives, resulting in a clear strategic path that allows the customer to displace competition, attain sustainable growth and create value for their shareholders.

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Emilio Martin
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