Acting for multinational corporations, private equity firms, institutional investors and state-owned businesses, Claro & Cia.'s corporate and M&A department covers high-end domestic deals, as well as cross-border matters. Examples include acquisitions, divestitures and mergers, including both private transactions and public takeovers, as well as compliance with securities regulations and corporate governance best practices. Other key areas include joint ventures, distressed M&A and restructuring transactions, and private equity and venture capital-related buyouts, exits and capital investments. The 25-member department also has an enviable reputation for its expertise in structuring high-profile transactions across the energy, infrastructure, financial services, retail and mining sectors. José María Eyzaguirre B is ‘exceptional and has unique negotiation skills’; Rodrigo Ochagavía advises on energy, pension and insurance sector M&A; Matías de Marchena is an energy M&A specialist; Felipe Larraín's recent mandates include advising Chilean telecoms company Entel on the $432m sale of fibre optic connectivity services' company Onnet Fibra, to CMB Prime and Activa Alternative Assets; José Luis Ambrosy assists with energy M&A, in addition to financing and capital markets; and Ariel Mihovilovic advises on energy asset acquisitions and sales. Also key to the group, Juan José León focuses on M&A involving funds and asset managers; José María Eyzaguirre F ’delivers creative solutions’; and Joaquín Rodriguez is experienced in telecoms, energy, sanitary and gas industry M&A. Other names to note are counsel Philippa Cooper, and associates Vicente Allende, María Jesús Muñoz and Rafael Mackay. Former senior associate Josefina Covarrubias departed the firm in May 2025.
Legal 500 Editorial commentary

Accolades

Client satisfaction

Testimonials

Collated independently by Legal 500 research team.

  • ‘Strong legal team, industry knowledge, and the ability to implement creative solutions that achieve the proposed objectives. A legal team with exceptional capabilities.’

  • ‘From the partners to the most junior member of the team, they stand out for their technical quality and work ethic.’

  • ‘What stands out most is the rigour in the work they perform, and their ability to protect their client's interests technically and make the client see when they are asking for something that is unreasonable.’

  • ‘What sets Claro apart is the quality of all its team members and the ability to work under time pressure without compromising the quality of their work.’

  • ‘By far the practice that supports and protects clients the most, and they are very focused on providing all the necessary assistance.’

  • ‘Juan José León and José María Eyzaguirre B - the best team around. The thoroughness with which they work makes clients feel protected during any M&A negotiation.’

Key clients

  • Latam Airlines Group
  • Itau Unibanco
  • Esmax
  • Compañía Electro Metalúrgica (Elecmetal)
  • Entel
  • Southern Cross Group
  • Altis (Müller Family)
  • Talanx
  • Parque Arauco
  • Sociedad Quimica y Minera de Chile (SQM)

Work highlights

Advised LATAM Airlines Group on a $460m public offering by certain shareholders, marking a key milestone in its post-Chapter 11 restructuring.
Assisted Sociedad Química y Minera de Chile with an agreement with state-owned mining company Codelco for the co-development of lithium production in Chile.
Assisted Southern Cross Group with the sale of a 100% equity stake in Esmax Distribución to ARAMCO.

Lawyers

Hall of Fame

The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.

José María Eyzaguirre B

Leading partners

The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Next Generation Partners

Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

José María Eyzaguirre F

Leading associates

Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.

María Jesús Muñoz

Practice head

José María Eyzaguirre B