Market: Chile

Chilean bank investor gets interim protection amid restructuring

A Chilean financial holding company controlled by billionaire Alvaro Saieh has secured court protection in Delaware to fend off any potential collection attempts by foreign creditors, as it works to restructure more than US$1.8 billion in debt.

06 July 2021

Insurtech start-up Betterfly gets new funding in Chile

US firm Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP has helped Chilean purpose-driven benefit platform Betterfly raise US$60 million in a funding round.

30 June 2021

Chilean biotech company lands equity investment

Chilean biotechnology company Phage Technologies has relied on Carey in Santiago to raise US$30 million in an equity financing round.

30 June 2021

Post-coronavirus wealth taxes could be a case of when, not if

The financial strain of the covid-19 pandemic has forced governments in Latin America to dig deep to cover costs. As a growing debt pile looms ever larger, some countries in the region are floating a tax on the wealthy to help foot the bill, one of several ways private wealth counsel in the region is evolving. Emily Darby reports on a practice area experiencing big changes.

29 June 2021

Chile’s BCI launches online payment venture, buys Pago Fácil

A slew of Chilean firms and a Peruvian outfit have helped US financial services group EVO Payments enter a tie-up with Chile’s Banco de Crédito e Inversiones (BCI), with the pair launching an online payment venture that includes fintech Pago Fácil.

24 June 2021

US$4.1 billion waste management buy calls on Cuatrecasas

US investment group Platinum Equity has called on Cuatrecasas in Madrid, Lisbon, Bogotá, Mexico City and Santiago to acquire Spain’s Urbaser – one of the world’s largest environmental services companies – for 3.5 billion euros (US$4.1 billion).

21 June 2021

Second insurer threatens Chile over pension reforms

A subsidiary of Switzerland’s Zurich Insurance has become the second investor to threaten Chile with a treaty claim over reforms to its private pension system.

21 June 2021

Chilean firms help real estate group to capital increase

Chilean firm Barros & Errázuriz Abogados has helped local real estate network Red Megacentro get a capital increase worth US$105 million by selling shares to a local investment fund.

17 June 2021

Asterion buys more LatAm data centres from Telefónica

Clifford Chance LLP in Madrid and London and Carey in Santiago have advised Spanish investment manager Asterion in its acquisition of four data centres in Chile and Spain from telecoms giant Telefónica, worth US$120 million.

10 June 2021

SoftBank uses LatAm fund for WeWork JV and Mexican investment

Morrison & Foerster LLP in Miami and Los Angeles has helped SoftBank use its Latin American investment fund to inject US$150 million in investment platform Grupo Bursátil Mexicano (GBM) and, through a separate transaction, enter into a joint venture with US flexible office space provider WeWork.

09 June 2021

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