Firm: Carey
Region: All
Jurisdiction: All
Carey | January 2024
Chile

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 ...

Carey | January 2024
Chile

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 | January 2024
Chile

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 ...

Carey | January 2024
Chile

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 ...

Carey | January 2024
Chile

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 ...

Carey | January 2024
Chile

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 ...

Carey | December 2023
Chile

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 ...

Carey | December 2023
Chile

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 | December 2023
Chile

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 ...

Carey | November 2023
Chile

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 ...

Carey | November 2023
Chile

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 ...

Carey | November 2023
Chile

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 ...

Carey | November 2023
Chile

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 ...

Carey | November 2023
Chile

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 ...

Carey | October 2023
Chile

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 ...

Carey | September 2023
Chile

Carey helps NGO preserve Patagonian land in conservation buy Isabel Leask 22 September 2023 Carey has helped Bermuda-headquartered environment-focused NGO the Freyja Foundation acquire an area of native forest located in Chile’s southern Cochamó Valley. The three-square-kilometre plot of land was sold by US-Chilean conservation company The Real Eco State and its CEO Felipe Escolona. AT Abogados advised Escolona through his real estate business Escalona y Compañía ...

Carey | September 2023
Chile

Chile’s Codelco makes US$2 billion issuance Isabella Ankerson 18 September 2023   Cleary Gottlieb Steen & Hamilton LLP in New York and Carey in Santiago have helped Chilean copper company Codelco raise US$2 billion in a debt issuance. Three offices of Linklaters and Garrigues (Chile) advised the underwriters in the deal, which closed on 8 September. Codelco made the issuance in two tranches. In the first portion, it issued notes worth US$1.3 billion with an interest of 5 ...

Carey | July 2023
Chile

Sonnedix buys solar plants from Enel Chile Davide Montagner 26 July 2023 Morales & Besa has helped multinational renewables company Sonnedix acquire four solar plants from Italian energy company Enel and its Chilean subsidiary for US$550 million. Carey in Santiago advised the seller in the sale agreement, which is pending approval from Chilean antitrust regulator Fiscalía Nacional Económica. The parties signed the deal on 12 July ...

Carey | June 2023
Chile

Several LatAm firms ink US$1.5 billion cross-border insurance buy Lily Squires 05 June 2023 Hogan Lovells LLP has acted as lead counsel for insurance group HDI International in its acquisition of the Latin American business of Liberty Mutual Insurance for nearly US$1.5 billion, a deal that includes assets in Brazil, Chile, Colombia and Ecuador ...

Carey | June 2023
Chile

Carey and DLA Piper guide LarraínVial pharma buy Lily Squires 02 June 2023 Carey has helped Chilean investor LarraínVial buy local pharmacy chain Farmacias Ahumada from Wallgreens Boots Alliance, a US-UK holding company that invests in the pharmaceutical sector. The seller and target relied on DLA Piper (Chile). The deal was signed on 16 May for an undisclosed amount ...

Carey | February 2023
Chile

Codelco raises US$900 million in debt tap Elliott Hodgkin 09 February 2023 Cleary Gottlieb Steen & Hamilton LLP in New York and Carey in Santiago have helped Chilean copper company Codelco issue US$900 million worth of notes. Linklaters in New York and London and Garrigues (Chile) represented the underwriters for the deal, which closed on 2 February. The debt was issued with a 5.125% interest rate and a maturity date of 2033 ...

Carey | January 2023
Chile

AES Andes and Codelco ink renewables PPA in Chile Elliott Hodgkin 27 January 2023 Claro & Cía has helped Santiago-headquartered energy group AES Andes sign a power purchase agreement (PPA) with state-owned mining giant Codelco for the supply of renewable energy to two local mines. Carey advised Codelco on the deal, which was signed on 30 December for a confidential amount ...

Carey | January 2023
Chile

Canadian pension fund eyes public takeover of Chile’s Hortifrut Elliott Hodgkin 11 January 2023 Linklaters in New York, Carey in Santiago and Rodrigo, Elías & Medrano Abogados in Lima have helped Canadian pension fund manager PSP Investments launch a tender offer to buy the entire public shareholding of Chilean fruit company Hortifrut for US$660 million ...

Carey | January 2023
Chile

Several firms steer cross-border data centre buy Lily Squires 03 January 2023 Four Vinson & Elkins LLP offices, Brazilian firm Stocche Forbes Advogados, Colombia's Posse Herrera Ruiz, Mijares, Angoitia, Córtes y Fuentes SC in Mexico City and Uruguay's Posadas have helped data centre operator Aligned acquire Latin American-focused counterpart ODATA from Brazil’s Patria Investimentos and US IT company CyrusOne ...

Carey | December 2022
Chile

Enel sells Chilean transmission business for US$1.4 billion Lily Squires 22 December 2022 Arteaga Gorziglia in Santiago has helped Chile’s Sociedad Transmisora Metropolitana (STM) acquire the local electricity transmission subsidiary of Italian energy giant Enel for US$1.4 billion. Carey in Santiago advised the seller in the divestment of Enel Transmisión Chile. STM carried out a public offer for its acquisition of a 99% equity stake in Enel Chile’s transmission business ...

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