News

Alessandri adds infrastructure practice with triple partner hire

11 December 2017

Alessandri has recruited 10 infrastructure lawyers, including three partners from local firm Halpern de la Fuente, as lateral hires in Chile’s once conservative legal market become more common.

Banco de Crédito e Inversiones expands in the US

11 December 2017

Ávila, Rodríguez, Hernández, Mena & Ferri in Miami, Garrigues in Madrid and Carey in Santiago have helped Chile’s Banco de Crédito e Inversiones (BCI) expand its presence in the US by acquiring Miami-based bank TotalBank from Santander for US$528 million.

Toesca buys tower blocks in largest acquisition by Chilean fund

08 December 2017

Claro & Cía has helped Chilean asset management company Toesca obtain a syndicated loan worth 2.6 billion Unidad de Fomento (US$4 million) to fund the purchase of three corporate tower blocks from real estate developer Sencorp.

IC Power divests its entire LatAm energy business

IC Power divests its entire LatAm energy business

07 December 2017

Norton Rose Fulbright in New York has acted as lead counsel for global investment manager I Squared Capital in its US$1.2 billion acquisition of IC Power’s entire Latin American energy portfolio.

DAC Beachcroft expands LatAm footprint

DAC Beachcroft expands LatAm footprint

06 December 2017

International firm DAC Beachcroft has announced an association agreement with López Saavedra & Villarroel Abogados, becoming one of first major international outfits to forge formal ties with an Argentine firm since the election of President Mauricio Macri in 2015.

Carey and Morales & Besa in planned PE takeover of Construmart

05 December 2017

Carey is helping Chilean financial services provider Larraín Vial purchase construction materials maker Construmart from supermarket operator SMU on behalf of a Chilean private equity fund.

DLA Piper, Garrigues and Alcaíno in Chilean share capital sale

05 December 2017

Garrigues (Chile) in Santiago has helped a subsidiary of transport infrastructure company Iridium sell 51% of its share capital in Chilean construction company Sociedad Concesionaria Ruta del Canal.

Prieto helps SMU complete follow-on offer

28 November 2017

Prieto has helped Chilean supermarket chain SMU complete a US$150 million follow-on share offering.

Chile’s Arauco issues bonds worth US$900 million

27 November 2017

Simpson Thacher & Bartlett LLP in New York and the Santiago offices of Portaluppi, Guzmán y Bezanilla and Philippi Prietocarrizosa Ferrero DU & Uría (Chile) have helped Chilean forestry company Celulosa Arauco issue US$900 million in bonds.

Chilean tribunal throws out supermarket lawsuit

21 November 2017

Chile’s competition tribunal has thrown out a consumer association’s lawsuit that claimed a supermarket chain had failed to notify a merger, and breached conditions imposed on a previous deal when it acquired a 30-year shopping centre lease.