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AV. APOQUINDO 3721, 14TH FLOOR, CÓD POSTAL 755 0177, SANTIAGO, CHILE
Tel:
Work +562 2367 3000
Fax:
Fax +562 2367 3003
Email:
Web:
www.claro.cl

Ariel Mihovilovic

Tel:
Work (56) 2 2367-3002
Email:
Claro & Cia.

Work Department

Mergers & Acquisitions, Business Organizations, Project Finance, Energy

Position

Partner.
Significant practice areas include: Mergers & Acquisitions, Business Organizations, Project Finance , Energy

Career

Ariel Mihovilovic has concentrated his practice in Mergers and Acquisitions, Business Organizations, Energy and Project Finance. He also has experience in Litigation and Arbitration and Capital Markets. Since 2012 he is a Civil Law Professor at the School of Law of the Pontificia Universidad Católica de Chile, where he previously was an assistant-professor of Civil, Economic and Business Law (2003-2009). He worked as an international visiting attorney at Skadden, Arps, Slate, Meagher & Flom, New York, between 2010 and 2011. He is admitted to practice in Chile and in the State of New York. He joined Claro & Cia. in 2007 and became a partner in 2017.

Languages

Spanish, English and German.


Chile

Banking and finance

Within: Next generation lawyers

Ariel Mihovilovic - Claro & Cia.

Within: Banking and finance

Regularly acting for both domestic and international banks, Claro & Cia.’s finance ‘group is outstanding’. The team’s experience includes complex syndicated and bilateral loans, public and private securities placements, liability management, securitisations, structured products and operations with derivatives; while the project finance group assists sponsors, financial institutions and insurers with the financing of aviation, maritime and highway infrastructure, mines, oil and gas refineries and telecoms projects. Rodrigo OchagavĂ­a and Ariel Mihovilovic led advice AES Corporation’s local subsidiary, Alto Maipo, and AES Gener (as sponsor), on the $2.2bn development, construction, operational agreements and refinancing of a 531MW hydropower plant and related interconnection and transmission assets. Other key matters included advising EIG Management Company and EIG Andes Financing on a $252m mezzanine senior secured credit facility granted to AME for the development of an LNG project; acting for ITAÚ CORPBANCA in the refinancing of a $465m corporate syndicated loan; and assisting Celeo Redes OperaciĂłn Chile (an affiliate of Elecnor) with an approximately $600m project bond issuance. Jorge MartĂ­n acts for multinational corporations, banks, financial advisers and monoline insurers; JosĂ© Luis Ambrosy has particular experience in public works concessions in Chile and project matters involving regulatory authorities in the Chilean securities market; andLuisa NĂșñez, Felipe LarraĂ­n, Juan LeĂłn and counsel CristiĂĄn Lagos are also all highly rated.

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Corporate and M&A (including compliance)

Within: Next generation lawyers

Ariel Mihovilovic - Claro & Cia.

Within: Corporate and M&A (including compliance)

Claro & Cia. acts in high-profile transactions for sellers, purchasers, and shareholders; the firm’s representative work includes mergers and combinations, spinoffs, tender offers, and reorganisations. Rodrigo OchagavĂ­a assisted Santa Valeria with the negotiation and execution of a share purchase agreement with Bordeaux Holding, a subsidiary of United Health Group, for the sale of its equity interest in BanmĂ©dica, a Chilean public corporation; and Felipe LarraĂ­n led advice to Santiago Stock Exchange-listed Hortifrut, a producer and distributor of fresh berries, on the $400m acquisition of the acquisition of the berries business operated by Grupo Rocio in PerĂș. In other matters, the team acted for The National Association of Professional Football in the sale of sport cable network Canal del FĂștbol to Turner Broadcasting System. JosĂ© MarĂ­a Eyzaguirre B, MatĂ­as de Marchena, Luisa NĂșñez and HernĂĄn Felipe ValdĂ©s are highly rated, as are Jorge MartĂ­n, Ariel Mihovilovic and Juan LeĂłn. Counsels CristiĂĄn Lagos and Patricio Smart and senior associate JosĂ© MarĂ­a Eyzaguirre F are also key team members.

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Projects and infrastructure

Within: Projects and infrastructure

Claro & Cia. has very highly-rated project finance and project development practices, which advise on the development, construction, operation, acquisition, disposition, ownership and financing of energy-related and infrastructure projects. Rodrigo OchagavĂ­a and Ariel Mihovilovic acted for The AES Corporation subsidiary Alto Maipo, and AES Gener (as sponsor), in the development, construction and refinancing of a 531MW hydropower plant and related interconnection and transmission assets; the mandate included the negotiation of both the operational and construction agreements. Other key advisers include Luisa NĂșñez, NicolĂĄs Eyzaguirre, Jorge MartĂ­n and JosĂ© Luis Ambrosy; senior associates to note include Gerardo Otero and Andrea Sougarret.

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Chile: Energy and natural resources

Electricity/oil and gas

Within: Electricity/oil and gas

Widely respected for its energy-sector capabilities, Claro & Cia.’s practice typically represents clients in the development, construction, operation, acquisition and financing of energy and infrastructure projects. Recent mandates saw Rodrigo OchagavĂ­a and Ariel Mihovilovic lead advice AES Corporation subsidiary Alto Maipo, and AES Gener (as sponsor), on all aspects of the development and $2.2bn refinancing of a 531MW hydropower plant and related interconnection and transmission assets; and JosĂ© Luis Ambrosy and NicolĂĄs Eyzaguirre act for Elecnor-affiliate Celeo Redes OperaciĂłn Chile in a $600m project bond issue. Ambrosy’s ‘strengths include great knowledge of all the issues involved in the financing of infrastructure projects’. Luisa NĂșñez and senior associate Gerardo Otero are also highly regarded.

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