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Estudio Echecopar

Estudio Echecopar has a rich 68-years of history servicing domestic and international clients. The combination of our rich local knowledge and experience with the global resources and reach of Baker McKenzie open new doors for our domestic clients and create opportunities for our lawyers and staff to serve an expanded roster of international companies eager to grow in Peru.

The firm has extensive experience in complex and pioneering aspects of transactions, developing skills that transcend borders. Thinking in a global environment with international reach, the firm has created a compliance practice which assists companies in preventing executives and staff from participating in illegal practices.

The firm remains at the forefront of some of the country's most significant deals and has recently advised:

Fondo MIVIVIENDA in connection with the issuance of its 7.000% corporate bonds due 2024 (the "Notes") for an aggregate principal amount of S/ 1,500 million and the offering (i) to Peruvian investors in a local public offering, and (ii) to international investors in the form of GDNs in an international private offering pursuant to Rule 144A and Regulation S of the U.S. Securities Act of 1933. It was the largest non-sovereign issuance in local currency since 2010, and the first non-sovereign issuance of notes in GDNs;

National Tourism Investments (Intursa), part of the Breca Group, regarding the acquisition of 99.97% of the outstanding shares of Inversiones La Rioja, owner of assets of the Marriott International Inc. hotel chain in Peru, for an amount of $ 218 million. This was a complex transaction with several regulatory edges, as the company was supervised by the SMV, and required a particular legal analysis in terms of tender offer rules, based on the number of sellers involved in the transaction, the percentage of shares for sale and the exchange of shares in the Lima Stock Exchange.

IBT Health (the Borrower), Villa Maria del Triunfo Salud, Callao Salud and other entities of IBT Group in connection with a medium-term loan financing for the amount of $ 40 million, that will be supported by cash flows (RPO) paid to Villa Maria del Triunfo Salud and Callao Salud (the "operators"), who entered into certain PPP contracts with the Peruvian social security (ESSALUD) in order to design, build, equip, operate and maintain the two hospitals located in Lima, Peru. Pursuant to each PPP contract, the operators are entitled to payments for the provision of healthcare services and payments for the operation and maintenance of the hospitals. Also, the operators entered into a series of servicing contracts with IBT Health for the provision of certain health and administrative services. Payments under such servicing contracts (FCRs) will be used to secure and repay the term loan financing.

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Above material supplied by Estudio Echecopar.

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