Chile

IFLR1000 Reviews

Financial and corporate
Barros & Errázuriz Abogados

Barros & Errázuriz is a prominent firm with one office in Santiago. The firm was founded in 1988 and is a member of the Affinitas alliance.

 

Focusses / specialisms

In addition to having standout capital markets and M&A practices, Barros & Errázuriz also does great work in the banking and project development practice areas.

The banking team represents both borrowers and lenders in acquisition financing, credit facilities, project financings and refinancings.

The capital markets team works in both debt and equity markets on matters such as bond issuances. The firm has particular expertise in investment funds.

The M&A team sees public and private M&A acquisitions, joint ventures and other corporate matters. It represents strategic buyers and sellers.

In projects, the firm is especially well known in energy and infrastructure matters, where it represents developers and sponsors alike.

 

Key clients

Key clients for the firm include Total Eren, Sumitomo Mitsui Banking Corporation, Delta Airlines, Banco Santander, AVLA, Ameris Capital, GeoPark Chile and Fortress Investment Group.

 

Research period review: 30th edition (2019 / 2020)

Throughout the research period the banking team worked on numerous acquisition financing transactions. Infrastructure and investment fund were popular industries for the team. These were also popular industries for the capital markets team, who worked on bond issuances and investment fund structuring and issuances.

The M&A team represented a plethora of banking and financial institutions in corporate investments, acquisitions and joint ventures.

The projects team worked on numerous projects regarding the renewable energy, electricity and infrastructure industries.

 

Deal highlights: 30th edition (2019 / 2020)

Delta $2 billion acquisition of 20% of LATAM Airlines

Linzor Partners III acquisition of Pacífico Cable

Sociedad Concesionaria Autopista del Sol highway

Vías Chile $553 million 1.44% and 1.14% series bond issues

Carey

Founded in 1905, Carey has become Chile’s largest law firm. Located in Santiago, the firm is highly regarded across all practice areas. It is a part of numerous international alliances such as Interlex, giving the firm a global reach.

 

Focusses / specialisms

The banking and finance team represents both borrowers and lenders across many types of financing including project financing, credit facility issuances, acquisition financing and refinancing. The team also provides regulatory opinions to banking and financial institutions.

The capital markets team works across all types of capital markets on matters including bond issuances, capital increases, public offerings and IPO’s. The group also works with numerous pension funds and investment funds.

The M&A team works with private equity acquirers, strategic buyers and sellers in acquisitions, joint ventures and other corporate agreements, mainly in the infrastructure, technology and energy industries.

In projects, Carey represents concessionaires and developers on mining, infrastructure, ports and energy projects. The firm is especially prevalent in mining projects.

 

Key clients

Key clients for the firm include Teck Resources, Lima Airport Partners, State Grid International Development, Brookfield Infrastructure Partners, MetLife Chile, Enel Américas, JP Morgan Securities, Codelco, Bank of Nova Scotia and Wells Fargo.

 

Research period review: 30th edition (2019 / 2020)

In this past research cycle the banking and finance team conducted a lot of project financings and revolving and syndicated credit facilities. Additionally, the team provided banks and financial institutions legal opinions regarding regulatory changes in the practice area.

There were a lot of bond issuances in the debt side of capital markets. In equity capital markets, there were a lot of combined capital increases and share offerings.

The M&A team worked on acquisitions tied to project development in industries including infrastructure and mining.

The projects team had its usual high share of mining work, but also saw numerous airport and port transactions.

 

Deal highlights: 30th edition (2019 / 2020)

Cencosud Shopping Santiago Stock Exchange IPO

CMPC $100 million financing

Teck Resources $5.7 billion Quebrada Blanca II mining project

State Grid International Development $2.3 billion acquisition of Chilquina Energía and Tecnored

Cariola Díez Pérez-Cotapos & Cía

best known for its work in the M&A practice area.

 

Focusses / specialisms

Though the firm’s greatest area of expertise is M&A, it also has strong banking, capital markets and project development practices.

In banking and finance, the firm represents borrowers and lenders in credit facilities, restructurings, acquisition financing, bridge loans and project financing.

The capital markets represents mostly issuers, but also underwriters, in debt and equity capital markets transactions including bond issuances, capital increases, IPO’s and tender offers.

The M&A team sees corporate restructurings, strategic acquisitions, asset acquisitions and joint ventures across all industries.

In project development the firm represents developers and financial sponsors mostly in energy projects, but also transportation and mining projects.

 

Key clients

Key clients include Banco Ripley, Enel, Jovio Group, Marsh & McLennan, Empresa de Ferrocarriles del Estado, Banco de Credito e Inversiones and ATCO.

 

Research period review: 30th edition (2019 / 2020)

During the research period the banking team worked with several acquisition financing transactions, on the borrower side. It also completed several refinancing transactions.

In capital markets the team worked on a derivatives agreement transaction, as well as bond issuances and capital increases. Some of the capital markets transactions also were related to acquisition financing transactions.

The M&A team saw a lot of strategic acquisitions and asset acquisitions.

The projects team worked on a lot of renewable energy projects, specifically wind and solar.

 

Deal highlights: 30th edition (2019 / 2020)

Central Hidroeléctrica Digua 20MW hydroelectric power plant

Empresa de Ferrocarriles del Estado $145 million bond issue

Esmax Distribución Limitada $155 million debt restructuring

Joyvio Group $920 million acquisition agreement with Australis

Claro & Cia

Located in Santiago, full service firm Claro & Cia was founded in 1880 and has developed a standout reputation. It is a part of Lex Mundi.

 

Focusses / specialisms

Though the firm is most recognised for its work in financial and corporate matters, it also has an excelled projects practice area.

The banking and finance practice area represents borrowers in credit facilities and bridge loan issuances for project and acquisition financing.

The capital markets team works on both debt and equity matters such as tender offers and bond issuances.

In M&A matters, Claro & Cia represents strategic buyers and sellers in acquisitions, joint ventures and other corporate agreements across a wide variety of industries.

The projects team can be found many times on the financing end of project development. It is active in the infrastructure and energy industries.

 

Key clients

Key clients for Claro & Cia include Sumitomo Mitsui Banking Corporation, AES Gener, LATAM Airlines, Citigroup Global Markets and Sonnedix.

 

Research period review: 30th edition (2019 / 2020)

Over the research period the banking team assisted with many credit facilities and bridge loans for project financings.

The capital markets team saw tender offers and bond issuances. The team worked on an increasing amount of green bond issuances specifically.

The M&A team represented all types of clients in acquisitions and joint ventures in the infrastructure, agribusiness, energy and transport industries.

The projects team worked on financing aspects of renewable energy, transmission line and transportation related projects.

 

Deal highlights: 30th edition (2019 / 2020)

AES Gener $550 million 7.125% bond issue

Agrosuper $800 million financing

Delta $2 billion acquisition of 20% of LATAM Airlines

Joyvio Group $920 million acquisition agreement with Australis

Sonnedix Atacama Solar 171MW power plant

Puga Ortiz

Puga Ortiz was founded in 1925 and is headquartered in Santiago.

 

Focusses / specialisms

The firm is active in automotive financing and real estate matters. It works with many special purpose vehicles on real estate corporate matters.

 

Key clients

Key clients for Puga Ortiz include Acciona Chile, Constructora Santa Beatriz, Empresa Constructora Queylen, Grupo Inmobiliaria Gimax and Banco Santander Chile.

 

Research period review: 30th edition (2019 / 2020)

Over the research period the firm represented many special purpose vehicles on real estate corporate agreements and acquisitions, especially in the hotel industry. It also worked on a couple of automotive financing agreements.

 

Deal highlights: 30th edition (2019 / 2020)

Banco Santander Chile $300 million acquisition of Santander Consumer Finance

Inmobiliaria Nueva Quilicura $20 million financing