Talanx Intenational AG en su proceso de reorganización

Prieto advised the German company Talanx International AG in the reorganization of its activities in Chile, which involved the merger between the two holding companies “Inversiones Magallanes S.A.” and “Inversiones HDI Limitada”, and the merger of two insurance companies “HDI Seguros S.A.” with “Aseguradora Magallanes S.A.”, process which required insurance regulator’s consent (SVS) as the merger involves companies under its surveillance and control. (2015)

ACE Limited

Prieto advised ACE Limited in the local corporate and regulatory aspects required under Chilean laws for the global acquisition of Chubb Limited. The indirect change of control over “Chubb de Chile Compañía de Seguros Generales S.A.” required the prior consent of the Chilean insurance regulator (SVS) as it was an insurance Company and therefore under its surveillance and control. (2015)

E.CL

Prieto advised E.CL in a US350 million bond issuance under rule 144 A and Regulation S of the US Security Act, in order to refinance its debt. The bonds were placed overseas and offered to certain qualified investors and non US Holders. (2015)

Aguas Andinas

Prieto acted as legal counsel for Aguas Andinas in a 1.6 million UF denominated bonds (approximately USD 62 million). The 23 year bond was placed in local markets with the additional involvement of local investment bank BBVA Chile acting as placement agent. (2015)

Banmédica

Prieto acted as legal counsel for Banmédica in a 2.2 million UF denominated bonds (approximately USD 85 million). The 21 year bonds were placed in local markets with the additional involvement of local investment bank IM Trust acting as placement agent. (2015)

Inversiones SMU Matriz Limitada

Prieto advised Inversiones SMU Matriz Limitada, one of the controlling shareholders of SMU S.A., owner of the supermarket chain “Unimarc” among others, in the mandatory tender offer for 21,411% SMU’s shares, triggered after acquiring a controlling percentage of 2/3 of SMU. (2015)

Watt´s S.A

Prieto acted as legal counsel for Watt´s S.A. in a 2 million UF denominated bonds (approximately USD 80 million) were placed in local markets with the additional involvement of local investment bank LarrainVial acting as placement agent. (2015)

Talanx International AG

Prieto advised the German company Talanx International AG in the acquisition of the Chilean holding company “Inversiones Magallanes S.A.” and its Chilean and Peruvian subsidiaries’, all considered as relevant actors in the insurance market, among which was included the company “Aseguradora Magallanes S.A.”. To acquire the control over the Companies three parallel tender offer processes were required. The amount of the transactions was € 180,000,000. (2015)

Empresas Red Salud

Prieto and IM Trust advised Empresas Red Salud in the structuring of an amendment of 5-year and 21-year UF bonds in the local market. (2015)