Press Releases

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 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 ...

Caja Los Andes secures loan for social financing in Chile Isabella Ankerson 12 December 2023 Linklaters in New York and Carey in Santiago have helped Chilean non-profit social security compensation fund Caja Los Andes obtain a credit facility worth US$145 million. A syndicate of banks, featuring HSBC and Banco Santander, enlisted Cuatrecasas (Chile) in the deal. Latin Lawyer understands that Milbank also advised lenders in the transaction but could not confirm this before publication ...

Carey stars in IP pharma sale for LatAm brands Isabella Ankerson 05 December 2023 Carey has advised Pennsylvania-based pharmaceutical company Viatris on the Chilean aspects of its divestment of intellectual property rights regarding several of its brands in Latin America, which it sold to South Africa’s Aspen Pharmacare for US$280 million ...

HSBC issues first perpetual bonds in Chile Elliott Hodgkin 30 November 2023 Carey has helped HSBC Chile make the first-ever issuance of perpetual bonds in the local market. No other firms were involved in the deal, which closed on 25 October for US$35 million. The issuance comes with a 10.25% coupon and no maturity date. As a result, the bonds will stay in the market as long as HSBC continues to pay the established interest rate ...

Mainstream completes Chilean restructuring with US$1.6 billion deal Isabella Ankerson 30 November 2023 Five White & Case LLP offices and Carey in Santiago have helped Irish energy company Mainstream Renewable Power complete the judicial reorganisation for two of its Chilean subsidiaries by restructuring US$1.6 billion worth of debt ...

IDB Invest lends US$255 million to MSMEs in Chile Lily Squires 28 November 2023 Chile’s Banco Internacional has enlisted Carey in Santiago to obtain a US$255 million credit line from IDB Invest to help fund local micro, small and medium enterprises (MSMEs). The lender relied on Clifford Chance LLP in Washington, DC and Chile’s Claro & Cía. Latin Lawyer understands that US firm Paul Hastings LLP also advised the borrower, but this could not be confirmed before publishing ...

Codelco and Rio Tinto ink copper JV Isabel Leask 23 November 2023 Carey in Santiago has helped Chilean mining giant Codelco enter into a joint venture with British-Australian counterpart Rio Tinto to develop copper mining assets in Chile’s northern desert region of Atacama. Cariola Díez Pérez-Cotapos in Santiago advised Rio Tinto in the deal which closed on 6 November. No value was disclosed ...

US fruit group grows LatAm presence with double purchase Isabel Leask 08 November 2023 Multiple firms have helped US fruit group Frutura acquire two agribusinesses in Chile and the US respectively, including its berry-growing operations across Latin America. In the first acquisition, Carey in Santiago, Ibarra, del Paso Gallego, SC in Mexico City, and Payet, Rey, Cauvi, Pérez Abogados in Lima helped Frutura buy Santiago-based fruit and berry company Giddings Fruit ...

Codelco enters lithium sector with Australian buyout Isabella Ankerson 24 October 2023 Two Allens offices, Carey in Santiago and Deloitte Legal (Chile) have helped Chilean copper giant Codelco make its first foray into the lithium industry by purchasing Australia’s Lithium Power International for US$244 million. Ashurst LLP in Perth and Philippi Prietocarrizosa Ferrero DU & Uría (Chile) advised Lithium Power in the deal ...