Press Releases

Grenergy gets loan for LatAm’s largest solar energy storage plant Maya Kendall Shah 22 July 2024 Spain’s Grenergy Renovables has enlisted Clifford Chance LLP in Madrid and Carey in Santiago to obtain a green loan worth USS$370 million for a hybrid renewable project, which is set to become one of the world’s largest solar energy storage projects and the largest in Latin America. The syndicate of lenders relied on Garrigues (Chile) in the deal, which closed on 8 July ...

Several LatAm firms feature in cross-border tech buy Lily Squires 16 July 2024 US technology group Centroid Systems has called on the New York office of Willkie Farr & Gallagher LLP, Chile’s Carey, Marval O'Farrell Mairal in Buenos Aires and Peruvian firm Rodrigo, Elías & Medrano Abogados to acquire Argentine cloud management company Qbit. The target relied on Argentina’s Viramonte & Acuña Abogados. The deal closed on 14 June and no value has been disclosed ...

América Móvil takes control of Claro VTR in Chile Lily Squires 12 July 2024 Freshfields Bruckhaus Deringer LLP and Cariola, Díez, Pérez-Cotapos in Santiago have helped Mexican telecoms titan América Móvil assume control of Chile’s Claro VTR, acquiring the stake from its joint venture partner Liberty Latin America. The seller relied on three Baker Botts LLP offices and Carey in Santiago ...

Codelco and SQM ink PPP for lithium production in Atacama Maya Kendall Shah 17 June 2024 Carey and Deloitte Legal (Chile) have helped Chile’s state-run copper producer Codelco enter a public-private partnership (PPP) with local miner Sociedad Química y Minera (SQM) to increase lithium production in the country’s Salar de Atacama salt flat. SQM relied on Claro y Cía in the deal, which was signed on 31 May ...

Chile’s Cencosud checks out US$650 million debt tap Maya Kendall Shah 07 June 2024 Milbank in New York and Morales & Besa in Santiago have helped Chilean retail giant Cencosud make a US$650 million debt offering. The initial purchasers relied on Davis Polk & Wardwell LLP in New York and Carey in Santiago in the deal, which closed on 28 May. The notes carry a 5.95% interest rate and are set to mature in 2031 ...

Jaime Carey, Managing Partner of Carey, Chile’s largest law firm, has recently joined the Male Champions for Change Ambassador Corps, an initiative created by the International Bar Association (IBA), through its Women Lawyers’ Committee (WLC), aiming to level the playing field in the legal profession and inspire leaders to work to achieve gender equity ...

Chile’s BancoEstado makes inaugural AT1 notes issuance Maya Kendall Shah 17 May 2024 Cleary Gottlieb Steen & Hamilton LLP in New York and Claro & Cia in Santiago have helped state-owned Chilean bank BancoEstado to raise US$600 million in its first-ever issuance of additional tier 1 (AT1) notes. The initial purchasers relied on two Davis Polk & Wardwell LLP offices and Carey in Santiago in the deal, which closed on 2 May. The notes carry a 7.95% interest rate ...

Brazilian helicopter group lands in Chile and Ecuador Maya Kendall Shah 14 May 2024 Larrain y Asociados in Santiago, BVA – Barreto Veiga Advogados in São Paulo and ROBALINO in Quito have helped Brazilian helicopter operator Helisul acquire the Chilean and Ecuadorean subsidiaries of Santiago-based aviation group Ecocopter for US$36 million ...

Canadian software company acquires Chilean tech group Maya Kendall Shah 29 April 2024 Canadian software company Vela has hired Arnold & Porter in New York, Carey in Santiago and Philippi Prietocarrizosa Ferrero DU & Uría (Colombia) to acquire Chile's Samtech, which develops technology in the mining and construction sectors. Samtech relied on Dalgalarrando & Cía Abogados in Santiago in the deal, which closed on 15 April for an undisclosed amount ...

Chile’s Mallplaza acquires Falabella’s Peruvian operations Lily Squires 18 April 2024   Chilean shopping centre group Mallplaza has called on Rebaza, Alcázar & De Las Casas in Lima and Prieto in Santiago to acquire the Peruvian operations of Chile’s Falabella through a US$589 million public acquisition offer. Mallplaza's minority shareholders relied on Claro & Cía in Santiago ...

Chile’s Grupo Cerro makes US$98 million green bond issuance Maya Kendall Shah 11 April 2024 US firm Milbank and Morales & Besa in Santiago have helped Chilean renewables company Grupo Cerro issue US$98 million worth of green bonds. Grupo Cerro made the private placement of notes through the holding company for its hydroelectric portfolio, Anpac. Morales & Besa also advised several of Anpac’s subsidiaries as guarantors of the debt ...

US software company buys Chilean ad intelligence platform Maya Kendall Shah 03 April 2024   New York-listed software development and data aggregation company Similarweb has enlisted Carey to acquire Chilean ad intelligence platform Admetricks. Admetricks was advised by DLA Piper (Chile) in the deal, which closed on 4 March. No value was disclosed. Similarweb purchased 100% of Admetricks' shares ...

Chilean miner invests in rare earth metals project Lily Squires 27 March 2024 Chilean iron ore producer CAP has called on Canadian firm Cassels Brock & Blackwell LLP and Carey in Santiago to invest up to US$80 million in the local operations of Toronto-listed miner Aclara Resources. Stikeman Elliot LLP in Toronto and Philippi Prietocarrizosa Ferrero DU & Uría (Chile) advised Aclara. The deal was signed on 12 March ...

Chilean miner invests in rare earth metals project Lily Squires 27 March 2024 Chilean iron ore producer CAP has called on Canadian firm Cassels Brock & Blackwell LLP and Carey in Santiago to invest up to US$80 million in the local operations of Toronto-listed miner Aclara Resources. Stikeman Elliot LLP in Toronto and Philippi Prietocarrizosa Ferrero DU & Uría (Chile) advised Aclara. The deal was signed on 12 March ...

Ransa acquires Chile’s Loginsa in cross-border logistics deal Isabella Ankerson 19 March 2024 Several firms have helped Peruvian logistics company Grupo Ransa acquire Chilean counterpart Loginsa and obtain acquisition financing to fund the purchase – marking its entry into Chile’s logistics market ...

Vinci and Compass create LatAm asset manager Isabella Ankerson 18 March 2024 Brazilian private equity group Vinci Partners has called upon two Simpson Thacher & Bartlett LLP offices, Beccar Varela in Buenos Aires, Chile's Carey, Creel, García-Cuéllar, Aiza y Enríquez SC in Mexico City and Guyer & Regules in Montevideo to merge its operations with Latin America-focused investor Compass ...

Chile’s BCI makes US$500 million perpetual notes offering Isabella Ankerson 16 February 2024 Simpson Thacher & Bartlett LLP in New York has helped Chile’s Banco de Crédito e Inversiones (BCI) issue US$500 million worth of perpetual fixed-rate notes. Two Cleary Gottlieb Steen & Hamilton LLP offices and Chile's Carey advised the dealer managers – BNP Paribas Securities, BofA Securities and HSBC Securities (USA) – in the transaction. The deal closed on 8 February ...

Chile’s BCI makes USD500 million perpetual notes offering Isabella Ankerson 16 February 2024 Simpson Thacher & Bartlett LLP in New York has helped Chile’s Banco de Crédito e Inversiones (BCI) issue US$500 million worth of perpetual fixed-rate notes. Two Cleary Gottlieb Steen & Hamilton LLP offices and Chile's Carey advised the dealer managers – BNP Paribas Securities, BofA Securities and HSBC Securities (USA) – in the transaction. The deal closed on 8 February ...

Carey helps NotCo overturn unfair competition ruling Lily Squires 30 January 2024 Chilean plant-based alternative food unicorn NotCo has enlisted Carey to overturn a prior court ruling that previously barred the use of the trademark NotMilk trademark. The initial lawsuit was filed by the Los Ríos Region Milk Producers Association (APROVAL), which called on Coz & Blavi Abogados ...

Codelco makes US$2 billion issuanceLily Squires29 January 2024 Chilean state-owned copper producer Codelco has turned to familiar counsel Cleary Gottlieb Steen & Hamilton LLP in New York and Carey in Santiago to make a US$2 billion offering. The underwriters relied on Shearman & Sterling LLP in New York and Garrigues (Chile) for the offering, which closed on 26 January. Codelco made the offering in two tranches. The first series of notes – worth US$500 million – carries a 6 ...

Carey contributes Chilean content for the Simmons & Simmons Clean Energy Tool Carey is proud to announce its collaboration with international law firm Simmons & Simmons to deliver Chilean content for the Clean Energy Tool.  The tool is a comprehensive, multi-jurisdictional resource for investors and developers in the clean energy sector ...

Chilean company buys satellite TV business from Claro Lily Squires 25 January 2024 HD Legal acted as counsel to Chilean satellite TV business Tu Ves in its acquisition of assets from the local arm of Claro, the subsidiary of Mexican telecoms group América Móvil. The seller relied on Carey for the deal, which was made public on 16 January. In the transactions, Tu Ves bought Claro’s Chilean satellite TV business – Claro DTH – which had almost 170,000 users at the end of 2023 ...

Patria desalination plants get US$883 million credit line in Chile Isabella Ankerson 24 January 2024 Carey has helped Latin American-focused asset manager Patria Investments obtain US$883 million in financing for two desalination projects it is developing in Chile’s Valparaiso and Metropolitan regions. Milbank in New York represented Chile's Aguas Pacífico Holding, a portfolio company of Patria, which operates the water assets through its subsidiaries Aguas Pacifico and San Isidro Quilapilún ...

Banco del Estado buys MetLife’s stake in Chilean insurance group Lily Squires 04 January 2024 Claro & Cía has helped Chile’s Banco del Estado acquire the remaining stake in its insurance business from the local branch of US insurer MetLife for US$28 million. MetLife Chile enlisted Carey for the deal, which closed on 5 December. In the deal, Banco del Estado acquired a 49.9% stake in Banco Estado Corredores de Seguros. The state bank is now the sole controller of the insurance business ...

Chilean companies win contract for LatAm’s largest e-bus fleet Isabella Ankerson 15 December 2023 Chile’s Barros & Errázuriz Abogados has helped local infrastructure group Kaufmann and sustainable mobility business Andres Motor win a contract to supply the world’s second-largest fleet of electric buses, in a deal valued at US$590 million ...