Barros & Errázuriz was founded in 1988, making it one of the younger firms in the market, but its stable expansion has earned the praise of its peers. One partner marvels at the "remarkable" rate at which the firm has developed....
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Barros & Errázuriz was founded in 1988, making it one of the younger firms in the market, but its stable expansion has earned the praise of its peers. One partner marvels at the "remarkable" rate at which the firm has developed. "No one has grown with the speed and consistency that Barros & Errázuriz has grown," he says. Peers commended the firm's progressive business model, with one competitor describing it as "modern" and "forward- thinking".
In May 2010 the firm helped execute a sale of Lan Airlines shares held by Bancard, the credit card giant founded by President Sebastian Piñera. The deal had three phases, an initial purchase by Costa Verde Aeronáutica, followed by a public auction on the Santiago Stock Exchange, and finally a public offer tendered by Bethia group for shares in Axxion. Started after the second round of presidential elections and valued at nearly $1 billion in total, the phased transactions were made necessary by political considerations.
"The tax and M&A practice is world-class," says one client of the firm's top-tier practice. "Pablo Guerrero is the best M&A attorney I work with."
Complementing the firm's robust M&A practice is a strong presence in Chile's banking and finance sector. "They are very strong in investment funds, private and public funds," says a competitor. An example of this was the firm's work for Fondo de Inversión Rentas Inmobiliarias, an investment fund managed by Independencia Administradora de Fondos de Inversion, in the $110 million public placement of new shares on the Santiago Stock Exchange (Bolsa de Comercio de Santiago, Bolsa de Valores).
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