With ‘a clear understanding of both business and multinational companies’ requirements’, Baker McKenzie Chile's 10-strong team acts for local and international clients on regional and multinational cross-border deals concerning Chile; its sector expertise ranges from real estate, insurance and finance, to natural resources, telecoms, energy, technology and consumer products. The group’s coverage encompasses M&A and joint ventures, and its assistance including post-acquisition integration services, due diligence, antitrust clearance, and debt and equity financing. The practice additionally advises on corporate reorganisations, dissolutions and liquidations, privatisations, commercial contracts and corporate governance. The department is co-led by Jaime Munro, whose broad expertise includes private and public M&A, along with venture capital and private equity deals; corporate and company law practitioner Fernando Castro; M&A expert Diego Ferrada; and Sebastián Vivanco, who advises on M&A alongside his banking and finance practice. Also key to the team, Cristobal Larrain (promoted to partner in July 2023) assists with tender offers, auction processes, joint ventures, private equity investments and corporate restructuring; and of counsel Leon Larrain has longstanding transactional experience. At associate level, senior Martin Müller assists with corporate law mandates, particularly corporate compliance and governance; but Verónica Barrios and Macarena Salazar both left the firm during the course of 2023.
Legal 500 Editorial commentary
Profile
Position
Local Partner in the Santiago, Chile office.
Related Expertise
Career
Jaime Munro is a transactional lawyer with extensive experience in the areas of private and public M&A, private equity, capital markets, corporate finance, securitizations and major infrastructure projects, advising multinational and Chilean companies. Jaime has presented at a number of conferences on issues regarding M&A, Securitization and Real Estate Investments.
His impressive track record includes advising on several M&A transactions, including public M&A of Dresdner Bank Chile, Farmacias Ahumada, Iansa, Campos and Polpaico. Jaime has been identified as a leading individual in the fields of M&A and Banking and Finance by Legal 500, Best Lawyers and Chambers.
Representative Legal Matters
- Advised Mantos Copper on the sale of a 30% stake of Mantoverde S.A. to Mitsubishi Materials Corporation, for USD 275 million. This operation, together with the financing for USD 571.6 million, will fully fund the Mantoverde Development Project (MVDP), for a total of USD 847 million.
- Advised HSBC, as lender, on the USD70 million financing granted to State Grid Chile Investment SpA, to finance part of the acquisition of a 100% interest of Sempra Americas Bermuda II and 56,22% of Sempra International Holdings.
- Advised Air BP Global Investments, a British Petroleum (BP) group company, in the negotiation and sale of its share stock in Air BP Copec S.A. to Compañia de Petroleos de Chile Copec S.A and the termination of several agreements.
- Advised LafargeHolcim in the preparation and conduction of a private sales process with a view to selling and disposing of all the shares owned by its subsidiary Holchile S.A. in Cemento Polpaico S.A., a Chilean publicly listed company, which represent approximately a 54.3% ownership interest in the target company, and the subsequent negotiation and closing of an Agreement to Tender and promise to purchase and sell shares with the winning bidder. Value of deal: USD 116 million.
- Advised Credicorp Capital Asset Management S.A. Administradora General de Fondos in (i) a joint venture with Greystar Real Estate for the acquisition, development, construction and management of residential projects, a business that is relatively new in Chile; (ii) the incorporation and structuring of a public fund for these purposes; (iii) the acquisition of a 12,000 sq. meters land where Clínica Sara Moncada is located in Santiago, in order to develop a project consisting of 4 towers of residential apartments for rent with a total investment of around USD 35 million; and (iv) the negotiation and subscription of a development agreement and other agreements necessary for the acquisition of the property and development, construction and management of the residential project.
- Advised E D & F Man in connection with two simultaneous tender offers for Iansa and Campos (both Chilean listed companies)
- Advised Walgreens Boots Alliance in connection with the acquisition Chilean pharmacy chain Farmacias Ahumada (FASA), a listed company valuing approximately USD $638 million.
- Advises Grupo Security S.A. on a daily basis regarding all B&F and M&A matters.
- Advised Sierra Gorda SCM, held by Quadra FNX Mining in connection with the negotiation and execution of a 251 MW PPA, a Port Services Contract, Project Financing and other material project contracts.
Languages
Spanish - English
Memberships
Professional Associations and Memberships
- Chilean Bar Association
Education
- University of Chicago (LL.M.) (2000)
- Pontificia Universidad Católica de Chile (LL.B., magna cum laude) (1995)
Content supplied by Baker McKenzie Chile
Testimonials
Collated independently by Legal 500 research team.
‘The BM team is one of excellence.’
‘Solid answers, and both a clear understanding of business and multinational companies’ requirements.’
‘A lot of practical experience and a vocation to resolve conflicts and unforeseen events.’
‘In addition to their extensive knowledge of the subject, clients highlight a practical and decisive sense that allows them to propose and implement concrete actions quickly and efficiently.’
‘Their lawyers are involved, committed and above all, they know their clients very well.’
Key clients
- Ohio National Seguros de Vida
- Aon Risk Services (Chile) Corredores de Seguros
- Arval
- Vida Security
- Grupo Security
- StraCon Group
- Thales Group
- New Mountain Capital
- Accenture
- Swiss Steel France
- Credicorp Capital
- Tradition
- IMCD Group
- Viñedos Emiliana
- Ortho Clinical Diagnostics
- Kyocera
- Atos
- Baxter
- Capstone Cooper
- Securitizadora Security
Work highlights
Advised Ohio National Seguros de Vida on the acquisition of Zurich Chile Seguros de Vida’s USD annuity portfolio.
Advised Aon Risk Services (Chile) Corredores de Seguros on acquiring all the equity interests of Benefits Corredores de Seguros and Asesorías e Inversiones Benefits, including the companies’ insurance brokerage and employee benefits consulting businesses.
Advised Arval on the acquisition of the remaining 49.9% of shares that Inversiones Juan Yarur held in Arval Relsa, Rentaequipos Leasing, Comercializadora de Vehículos, Rentaequipos Leasing Perú and Arval Relsa Colombia.