Carey Advised Ewos in the Acquisition of Nova Austral and its Subsidiary, and in a Senior Facility Agreement

November, 2014 - Santiago, Chile

Carey acted as local counsel to EWOS, the Norwegian supplier of feed for the aquaculture industry, in the acquisition of the Chilean fish farming company Nova Austral and its subsidiary Comercial Austral for USD183 million app. The acquisition of Nova Austral was made under the bankruptcy of its controlling shareholder Acuinova.

Simultaneously with the closing of the acquisition, EWOS and Nova Austral entered into a USD100 million Senior Facilities Agreement with DNB Group, Agencia en Chile and other banks and financial institutions, including a term loan facility for the refinancing of the existing debt of Nova Austral; and a multicurrency revolving facility for financing or refinancing working capital and general corporate purposes.

Ewos is owned by a joint venture between private equity firms Bain Capital and Altor.

Carey advised Ewos through a team led by partners Pablo Iacobelli, Salvador Valdés, Guillermo Acuña and associates Elena Yubero, Alejandra Donoso, Juan Pablo Navarrete, Jaime Carey Jr., Josefina Marshall, Antonia Vial and Jaime Coutts.

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