Mr Francisco Ugarte > Carey > Santiago, Chile > Lawyer Profile

Carey
AV ISIDORA GOYENECHEA 2800
FLOOR 43, LAS CONDES
SANTIAGO, PO 755-0647
Chile
Francisco Ugarte photo

Work Department

Mergers and Acquisitions / Private Equity / Capital Markets / Banking and Finance / Insolvency, Bankruptcy and Restructuring / Government Procurement.

Position

Partner of Carey and co-head of the firm’s Corporate / Mergers & Acquisitions / Capital Markets / Banking & Finance Group.

Career

His practice focuses on advising international and local clients in mergers and acquisitions, including tender offers, auction processes, acquisitions of companies and assets, negotiated transactions, joint ventures, private equity transactions, securities and debt offerings, derivatives, project financing and development, representing both corporations and financial institutions.

AWARDS AND RECOGNITIONS
Recognized in Corporate and M&A, and in Capital Markets, Chambers Latin America.
Recognized in Corporate and M&A; Banking and Finance; Capital Markets and in Mining & Metals, Latin Lawyer 250.
Recognized as Best Individual Lawyer in Derivatives and in Mergers and Acquisitions in Chile, Client Choice (2012, 2014 and 2018).
Recognized as Thought Leader in Corporate and M&A, and in Capital Markets, LACCA.
Recognized in Banking and Finance and Corporate and M&A, IFLR1000.
Ranked as one of the leading corporate lawyers in Chile under the age of 40, Latin Lawyer (2003).
Recognized in Banking and Finance, Capital Markets, Corporate and M&A, Derivatives, Insolvency and Reorganization, Investment, Private Equity, Project Finance and Development and Structured Finance, Best Lawyers.
Recognized in M&A and Mining, Who’s Who Legal.
Recognized in Corporate and M&A, The Legal 500.

PUBLICATIONS
Co-author of the Chilean chapter in ICLG – Derivatives, Global Legal Group (2020).
Author of the Introduction “Legal innovations that foreign investors should be aware of”, ILFR Guide (2014).
Co-author of “Secured Transactions South of the Border: Chilean Highlights and Recent Developments”, Conference on Consumer Finance Law, Quarterly Report, Vol.66, n°3 y n°4, Oklahoma City University Law School (2012).
Author of the Chilean chapter in “Essentials of Merger Review”, International Antitrust Committee, American Bar Association (2009).
Co-author of the Chilean chapter in “Merger Control Worldwide”, Cambridge University Press (2005).
Contributor in several legal reforms promoted by the Chilean government and other non-governmental entities, including the NCG 30’s reform by the Insurance and Securities Commission regarding the registration of securities and debt offerings; the new regulation on corporations; the new law that facilitates the registration of a new business and the code for the certification of mining projects that seeks to facilitate the financing and IPO of new and junior mining companies; among others.

SEMINARS
Frequent lecturer on various corporate finance, securities, M&A, private equity and corporate governance topics in seminars and conferences organized by the ABA, Latin Lawyer and the Chilean Bar Association, among others.

Languages

Spanish and English.

Memberships

ACTIVITIES AND MEMBERSHIPS
Member of the Board of SQM, Votorantim Andina and Compañía Industrial El Volcán.
Professor of the LL.M. program, Universidad Católica de Chile (since 2010).
Vice Chair of the Latin America & Caribbean Committee (2017-2018, 2018-2019 and 2020-2021) and Vice Chair of the M&A Joint Venture Committee (2020-2021) of the International Law Section, American Bar Association (ABA).
Member of the International Bar Association.
Professor of Corporation Planning and M&A, Universidad Adolfo Ibáñez (2009-2012).
Professor of Business Organization, Universidad del Desarrollo (2009).
Foreign Associate, Project Development & Finance Group, Shearman & Sterling, New York (2001-2003).
Member of the Chilean Bar Association.

Education

Law, Universidad Católica de Chile.
LL.M., The University of Chicago (2001).

Lawyer Rankings

Chile > Bankruptcy, insolvency and restructuring

Full-service law firm Carey fields a  14-strong team (including three partners), which is dedicated almost exclusively to insolvency matters. Leveraging the firm’s litigation and international arbitration prowess, the team of experienced bankruptcy and restructuring litigators, led by Ricardo Reveco, consistently excel in insolvency proceedings; in parallel, the group’s corporate lawyers, including co-head of the corporate, M&A, capital markets and banking and finance group, Francisco Ugarte, are highly rated for restructuring, financial distress-related M&A and finance deals. The firm also took the lead during the origination of Chilean Insolvency Law No. 20.720, advising the government on its development. Providing further partner-level support, Cristián Figueroa (corporate, M&A and capital markets co-head) is a specialist in M&A and financial distress-related transactions; also noted are associates Isaac Stevens, Alejandra Daroch and Roberto Villaseca.

Chile > Capital markets

The dedicated 33-strong group at market leviathan Carey has extensive capital markets experience, which includes advising on corporate and securitised bonds and high-profile securities offerings, including cross-border IPOs, capital increases, debt issuances and securitisation. The firm also has an outstanding derivatives practice, while other areas of strength include structuring and registering vehicles, managing relations with stock exchanges, and regulatory issues. In recent, high-profile work, Salvador ValdésCristián Figueroa and Patricia Silberman were part of a team that advised Enel Américas on the structuring of a capital increase and equity public offering for $3bn. The rest of the impressive partner list includes financial products and debt and equity securities specialist, Diego Peralta, structured products and derivatives expert Felipe Moro, and Jorge Ugarte (securities and debt and equity offerings). Also key to the practice are Cristián Figueroa  and Francisco Ugarte, while the firm’s funds practice, which is led by Cristián Eyzaguirre and Francisco Guzmán, was launched in 2016.

Chile > Corporate and M&A

Market leviathan Carey fields an impressive, 67-strong department that is a leader in structuring M&A deals. The practice advises a wide range of clients, such as multinationals, funds and foreign companies investing for the first time in Chile, along with local and Latin American companies expanding their businesses in Chile and across the region. In reportedly the largest M&A operation in Chile in 2019, Francisco Ugarte was part of a team that advised State Grid International Development on a purchase agreement for the acquisition of Sempra Energy’s stake in Chilquinta Energía (and its electric transmission and distribution subsidiaries) and Tecnored, as well as Chilquinta’s 50% stake in Eletrans companies. The long list of other highly experienced partners includes senior figure and chairman Jorge Carey, managing partner Jaime Carey, Jorge UgartePablo Iacobelli and Salvador Valdés. Also critical to the group are Marcos RíosGuillermo AcuñaCristián Eyzaguirre and Claudio Lizana, along with Francisco GuzmánCristián Figuero and the recently promoted Patricia Silberman; between them the dozen partners cover all aspects of corporate, transactional and company law. From among a strong second tier, senior associate Alejandra Daroch is also noted.

Chile > Banking and finance

Full-service market-mainstay, Carey, has extensive experience advising creditors, investors and borrowers on all types of banking and financial transactions. Representative experience includes assisting with syndicated loans, liability management and project financing. The practice has also participated in a series of initiatives to update Chile’s laws and regulations. The banking and finance department heads are project finance and derivatives specialist Francisco UgarteDiego Peralta (noted for the structuring of financial products and financing of businesses); Felipe Moro, who is recommended for lending transactions, project financing, structured products and derivatives; and Salvador Valdés, who acts for several high-profile international and domestic banks and infrastructure funds on the financing of infrastructure projects in Chile. A strong associate line includes Fernando Noriega and Alejandra DarochSince publication, Noriega has been raised to the partnership – effective as of May 2021.