Compañía Industrial El Volcán

Prieto acted as lead counsel for Compañía Industrial el Volcán S.A., a relevant Chilean player in the construction solutions, production and retail of construction materials sector, in its first issuance of notes in the local market for an amount of US$ 70,000,000. (2020)

Infraestructura Alpha

Prieto advised Infraestructura Alpha S.A., a Chilean company in the infrastructure sector which owns relevant urban tunnel and highway concessions, in the process leading to its first issuance of notes in the local market for an amount of US$ 53,000,000. Prieto Abogados assisted the company in its registration before the Chilean Financial Market Commission and the registration of a bond line, and subsequently in its first issuance of notes in the local market for an amount of US$ 53,000,000. (2020)

iconectiv

Prieto advised iconectiv, LLC, a company owned by telecommunications company group Ericsson, in the bidding process for the Number Portability Administration in Chile, which was awarded on February 3, 2020.

Plaza S.A.

Prieto advised Plaza S.A. one of the leading operators in the malls industry in Latin America, in a US$ 73 million debt issuance. (2020)

Engie Energía Chile

Prieto advised the Chilean electricity company ENGIE Energía Chile S.A., in a US$ 500 million debt issuance, regulated by the American provisions Rule 144-A and Reg S. (2020)

Chubb

Prieto advised the north american insurance group Chubb, one of the largest insurance companies worldwide, in the acquisition of the insurance companies Banchile Seguros de Vida S.A. and Segchile Seguros Generales S.A., directly and indirectly through the acquisition of the holding company Inversiones Vita S.A.

Confuturo

Prieto advised Inversiones Confuturo S.A., one of the country’s most important insurance companies, on an US$73 million debt issuance. (2019)

Watt’s

Prieto advised Watt’s, one of the country’s most important food companies, on an US$35 million debt issuance. (2019)

Engie Energía Chile

Prieto advised Engie Energía Chile S.A. in the negotiation and signing of a “balance of plant” type construction agreement with the Chilean subsidiary of the leading Spanish company in construction services for the wind and solar industries, Global Energy Services, for the construction of “Calama” wind power plant, which will be located in the borough of Calama, Antofagasta Region, Chile, and which will have a total installed capacity of 162 MW. This project is part of Engie´s decarbonization plan, which implies the replacement of existing coal thermal power plants for new renewables plants, which in total will sum up to 1.000 MW and an investment of approximately US$ 1 billion. (2019)

Engie Energía Chile

Prieto advised Engie Energía Chile S.A. in the negotiation and signing of a “balance of plant” type construction agreement with the Chilean subsidiary of the leading Spanish company in construction services for the wind and solar industries, Global Energy Services, for the construction of “Capricornio” solar power plant, which will be located in the Antofagasta Region, Chile, and which will have a total installed capacity of 82 MW. This project is part of Engie´s decarbonization plan, which implies the replacement of existing coal thermal power plants for new renewables plants, which in total will sum up to 1.000 MW and an investment of approximately US$ 1 billion. (2019)

Sicame Group

Prieto advised the French group Sicame, a world leader in products and services related to the electric energy market, in the acquisition of Comulsa group, a group of companies with operations in Chile, Colombia and Peru, dedicated to the marketing of electrical products and equipment, together with services related to the electrical market. (2019)

Inversiones La Construcción

Prieto acted as lead counsel for Inversiones La Construcción S.A., a holding company wich provides key services for the country’s development in the financial and healthcare industries, in the placement of two series of eight-year bonds, both for UF 2,000,000 (US$ 78 million). (2019)

Copeval

Prieto advised Compañía Agropecuaria Copeval S.A., the major Chilean agricultural supply distribution company and agricultural services provider in a bond issuance worth 2.0 million UF (US$77 million) in the local market. (2019)

Codelco

Prieto advised Codelco in the negotiation, execution and implementation of a credit facility with Export Development Canada for up to US$ 300,000,000. (2019)

Redes Energéticas Nacionais (REN)

Prieto advised Redes Energéticas Nacionais (REN), the main Portuguese manager of transport infrastructure of electricity and natural gas, in the acquistion of Empresa de Transmisión Electrica Transemel, from the Spanish Group Naturgy and CGE. The value of the transaction was approximately USD170.000.000.

Sibelco

Prieto advised Sibelco in the selling process of its global lime and limestone business to Graymont and Grupo Calidra. (2019)

VivoCorp

Prieto advised VivoCorp S.A., the real estate arm of CorpGroup and one of the largest mall operators in Chile in a bond placement in the local market worth US$ 85 million. (2019)

SalfaCorp

Prieto advised SalfaCorp, the largest business group in the construction sector in Chile, in a US$ 40 million debt issuance. (2019)

Aguas Andinas

Prieto advised Aguas Andinas, the largest sanitary company in Chile, in its second issuance of Green Bonds for US$ 83 million. (2019)

VivoCorp

Prieto assisted VivoCorp S.A. in the divestiture to Grupo Patio of 60% of the shares of the company “Desarrollos Comerciales”, which in turn owns nine strip centers with a total leasable area of 27,164 m2 and 64,000 m2 in real estates. (2019)

Transelec

Prieto advised and represented Transelec before the competition tribunal in the regulatory recommendation process regarding the limitations to the vertical integration established by the General Law of Electric Services. (2018)

Codelco

Prieto advised Codelco in the negotiation, execution and implementation of a revolving credit facility with Scotiabank Chile for up to US$ 300,000,000. Codelco will use the funds disbursed under the loan for the financing of its exportation activities.

Transmisora Eléctrica del Norte (TEN)

Prieto advised Transmisora ​​Eléctrica del Norte (TEN) in the negotiation and implementation of the prepayment of a VAT Financing Agreement with the Banks of Chile, Estado and BCI for approximately US $ 80,500,000.

SalfaCorp

Prieto advised again SalfaCorp, the largest business group in the construction sector in Chile, in a US$ 82 million debt issuance. (2018)

Confuturo y Corpseguros

Prieto advised Confuturo and CorpSeguros, in the acquisition of 100% of BCI’s participation (amounting to approximately USD 22,000,000) in a loan agreement previously granted to Torres Unidas Chile SpA. (2018)

Codelco

Prieto advice Codelco in the negotiations and execution of an amendment and restated loan agreement with Export Development Canada (EDC) for US $ 300 million. (2018)


Engie Energía Chile S.A.

Prieto assisted Engie Energía Chile S.A. in the acquisition of the wind project los Trigales, located in the borough of Ercilla, with a projected capacity of 154,8 MW. (2018)

Caja de Compensación Los Andes

Prieto advised the Chilean social securities administrator Caja de Compensación Los Andes, in the registration of a 10-year debt line, for a total amount of US$ 250 million and in the subsequent bonds placement for US$ 62 million. (2018)

Larrain Vial Activos S.A.

Prieto advised Larrain Vial Activos S.A. Administradora General de Fondos in the incorporation of a Chilean publicly traded investment feeder fund (Fondo de Inversión Olive Tree Ventures I), of an approximate capital amount of US$125.000.000, for the purpose to invest in Olive Tree Ventures Cayman I, L.P., a company which in turn invest in Olive Tree Ventures Master I, L.P., a venture capital fund that invest in Israel technology industry with a focus on disruptive health care and enterprise sectors typically with ‘business to business’ model. (2018)

Plaza S.A.

Prieto advised Plaza S.A., one of the largest mall operators in the industry in Latin America, in the biggest IPO in the history of Chile, with a US$530 million follow-on issuance,. The transaction included a public offering in Chile through the Chilean Stock Exchange and an international offering to qualified institutional buyers in the United States and certain investors outside the United States and Chile. (2018)

SalfaCorp

Prieto advised SalfaCorp, the largest business group in the construction sector in Chile, in a US$ 90 million debt issuance. (2018)

Aguas Andinas

Prieto advised Aguas Andinas, the largest sanitary company in Chile, in the first issuance of Green Bonds in the history of Chilean market, for US$ 160 million. (2018)

VivoCorp S.A.

Prieto advised VivoCorp S.A., the real estate arm of CorpGroup and one of the largest mall operators in Chile, in its registration before the Comisión para el Mercado Financiero, in the registration of two bond lines, of 10 and 30-year, and subsequently in its first issuance of notes in the local market worth US$ 90 million. (2018)

Americas Energy Fund II LP (“AEF II”),

Prieto advised Americas Energy Fund II LP (“AEF II”), investment fund incorporated in Ontario Canada, in acquiring Árbol SpA, a company incorporated in Chile, owner of a solar power plant project located in Chile in the commune of Casablanca, which will be built during 2018.  The transaction involved advising AEF II in different areas, including a legal due diligence and the negotiations that lead to the drafting and execution of the Shares Purchase Agreement, other related documents and constructions agreements (EPC and O&M Contracts), entered into on December 2017. (2017)

Inversiones La Construcción S.A.

Prieto acted as counsel of Inversiones La Construcción (ILC), through its subsidiary Clínica Bicentenario SpA, in the sale of I-Med and several other companies connected to the development of technological products destined to support the bussines of isapres and health services providers, to the ACCEL-KKR Gruop. The value of the deal was of aproximately USD 120 millions, and the operation involved the negotiation of the main purchase agreements, the ammendment of the existing agreements between the sold companies and some health providers, as well as the participation in the negotiation of the buyers with Banco Santander Chile for the obtention of financing for the purchase.

Proyecto Tecnopass

Prieto Abogados assisted the Chilean based company Tecnopass SpA in the due diligence, negotiation and drafting of the contracts that led to the acquisition of 40% of Skidata Chile SpA through a capital increase. Skidata Chile SpA is part of the Austrian Group Skidata, world leader in the parking, ski and people access solutions. (2017)

Compra Amasa y Doña Juanita

Prieto Abogados assisted the Chilean based company Watt’s S.A. in the acquisition of the margarine and lard brands “Doña Juanita®” and “Amasa®”, owned in Chile by the Colombian group Team. The deal included supporting Watt’s S.A. during a competitive bidding and due diligence process, as well as in the subsequent negotiation and drafting of the contracts that led to the closing of the transaction. (2017)

Americas Energy Fund II LP (“AEF II”)

Prieto advised Americas Energy Fund II LP (“AEF II”), investment fund incorporated in Ontario Canada, in acquiring the control of Solarity SpA, a company incorporated in Chile, whose object is to build solar panels on rooftops of industries, shopping centers, schools, etc. The transaction involved advising AEF II in different areas, including a legal due diligence and the negotiations that lead to the drafting and execution of the Shares Purchase Agreement and other documents entered into on October 2017. (2017)

Caja de Compensación Los Andes

Prieto advised the Chilean social securities administrator Caja de Compensación Los Andes, in the registration of a 10-year debt line, for a total amount of US$ 340 million and in the subsequent bonds placement for US$ 85 million. (2017)

 

Americas Energy Fund II LP

Prieto advised Americas Energy Fund II LP (“AEF II”), investment fund incorporated in Ontario Canada, in the acquisition of Solar E SpA, a company incorporated in Chile, owner of two solar power plants located in Chile in the commune of Vicuña. The transaction involved advising AEF II in different areas, including the preparation of the necessary vehicles and structure and the negotiations that lead to the drafting and execution of the Shares Purchase Agreement entered into on June 2017. (2017)

 

Fairfax Financial Holdings Limited

Prieto advised Fairfax Financial Holdings Limited (“Fairfax”), a holding company incorporated under the laws of the Province of Ontario, Canada, in the corporate and regulatory aspects required under Chilean law for the acquisition of AIG Chile Compañía de Seguros Generales S.A. by two of its subsidiaries companies. The transaction involved advising Fairfax in different areas including the approval of the transaction by the insurance regulator Superintendencia de Valores y Seguros and the final closing of the deal. (2017)

Watt’s S.A.

Prieto advised Watt’s in the acquisition of Danone’s business in Chile in February 2017 and represented Watt’s before the National Economic Prosecutor’s Office (FNE, the antitrust authority), who closed in January 2017 the concentration investigation regarding this operation, with no remedies. The amount involved in this acquisition was approximately Cl $ 13,600 million. In addition, Watt’s and Danone also signed a 15 year license agreement for the use of brands and know-how linked to Danone and Activia products. (2017)

Americas Energy Fund II LP

Prieto advised Americas Energy Fund II LP (“AEF II”), investment fund incorporated in Ontario Canada, in the acquisition of several companies owned by Fondo de Inversión Privado Waste to Energy I, Chilean investment fund owner of four generation biogas power plants located in different agro-industrial facilities and sanitary landfills in Chile. The transaction involved advising AEF II in different areas, including the due diligence process, the preparation of the necessary vehicles and structure and the negotiations that lead to the drafting and execution of the Shares Purchase Agreement entered into on January 2017. (2017)

Brookfield Renewable Partners L.P.

Prieto advised Brookfield Renewable Partners L.P. in the Chilean aspect of its acquisition through merger of 51% stake in TerraForm Power, Inc., a transaction with a $1.7 billion implied total equity value. TerraForm Power, Inc., has a total energy generation portfolio of 2,983 MW, including 1,451 MW solar and 1,532 MW wind. (2017)

SMU S.A.

Prieto have helped SMU S.A. in the offering of 1,150,000,000 of its common shares, with a US$200 million follow-on issuance, in the biggest IPO in Chile since 2013. The transaction included a public offering in Chile through the Chilean Stock Exchange and an international offering to qualified institutional buyers in the United States and certain investors outside the United States and Chile. (2017)

Banmédica S.A.

Prieto advised Banmédica S.A., one of the main insurance and pension groups in the country and one of the most important in Latin America, in a USD 100 million debt issuance. (2017)

Transmisora Eléctrica del Norte S.A.

Prieto has advised Transmisora Eléctrica del Norte S.A. (“TEN”), and its sponsors in the negotiations for the obtention of the financing for the construction, development and operation of a trunk electricity transmission line of approximately 600 km with a 500kV capacity, that will connect the Sistema Interconectado Central (SIC) with the Sistema Interconectado del Norte Grande (SING). The financing was structured in the form of a Project Finance, and it includes an international senior facility, a local senior facility, the issuance by TEN of fixed rate instruments and an additional loan for the financing of the Value Added Tax associated to the project. The total value of the transaction is USD $1,040,000,000.- and several local and foreign banks and financial institutions were involved. (2016)

S.A.C.I Falabella

Prieto advised S.A.C.I Falabella, holding company of Chile’s largest department store chain Falabella, in the issuance and placement of bonds for US$ 240MM. (2016)

Watt’s S.A.

Prieto assisted the Chilean based company Watt’s in the acquisition of Danone’s business in Chile, by means of a share purchase agreement entered into on September, 2016, for Ch$16,000 million. Watt’s and Danone have also agreed on the main features of a long term license agreement. The deal is expected to close in the next months and is subject to certain conditions customary for transactions of this nature. (2016)

Inversiones La Construcción S.A.

Prieto assisted Inversiones La Construcción S.A. (ILC) in the sale of 49% of the shares issued by Desarrollos Educacionales S.A., a holding company managing nine private schools in different locations in Chile, to the international education group “Cognita”, through its Chilean affiliate Cognita Chile Limitada. (2016)

Inversiones La Construcción S.A.

Prieto advised Inversiones La Construcción S.A., a holding company which provides key services for the country’s development in the financial and healthcare industries, such as AFP Habitat, Confuturo, Corpseguros, Banco Internacional, Consalud, Red Salud and Vida Cámara, in the issuance and placement of bonds for US$ 40MM. (2016)

E.CL S.A.

Prieto advised E.CL S.A. (nowadays “Engie Chile”), in a highly-competitive, international and private bidding process aimed to select a strategic partner in its affiliate Transmisora Eléctrica del Norte S.A. (“TEN”), after which Red Eléctrica Internacional S.A. resulted as awarded bidder, acting through its subsidiary Red Eléctrica Chile. Red Eléctrica Chile acquired 50% of the share capital of TEN in USD 218 million. Both Engie Chile and Red Eléctrica Chile will participate jointly in the construction and commercial development of the Mejillones – Cardones 500 kV power transmission line project in Chile of 600 km in length allowing the interconnection of Chile’s Central and Northern Electricity Grids. The project, is already in its construction phase, involving an investment of approximately US$ 781 million. (2016)

Inversiones la Construcción S.A. 2016

Prieto advised Inversiones La Construcción S.A. in the association with Prudential Financial Inc. for the incorporation of such company into the property of AFP Habitat. The transaction included a share purchase agreement and a tender offer of AFP Habitat´s shares. As a result, both companies will participate in equal proportions in the property of AFP Habitat.(2016)

Automotores Gildemesiter S.A.

Prieto advised a group of creditors of Automotores Gildemesiter S.A. in the reorganization of its debt, for a total amount of US$ 700 million. The operation involved the exchange of its current bonds for new secured bonds issued in international markets under Rule 144A and Regulation S of the U.S. Securities Act of 1933, the acquisition of an equity interest by the creditors and the issuance of warrants for such creditors. (2016)

Cámara Chilena de la Construcción A.G.

Prieto advised several entities connected to the Cámara Chilena de la Construcción A.G. in the sale of 100% of the ownership rights of Sociedad Gestión de Personas y Servicios Limitada (Link Humano), one of the leading companies in outsourcing and transitory services in the country. (2016)

 

Comercial IMG S.A

Prieto advised the Chilean company Comercial IMG S.A.,a major retail company in the Chilean market which held the retail licenses of Marmot, Mammut and Andesgear, among others, in the sale of 100% of the company’s shares to another Chilean retailer, Comercial Madison S.A. The transaction, involved advising Comercial IMG in different areas, including the negotiations that lead to the drafting and execution of the Shares Purchase Agreement and other related contracts and the preparation of all relevant documents needed for the sale. (2016)

 

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)

SCL Energía Activa S.A

Prieto advised SCL Energía Activa S.A., in the acquisition of Termocandelaria Power Limited (“TPL”) from TCP Energy International Inc. jointly with Moneda International Inc. and Vince Business Corp. each of the buyers acquired a 1/3 of TCP’s participation. (2015)

Inversiones la Construcción S.A

Prieto advised Inversiones la Construcción S.A. in the acquisition of Banco Internacional, the insurance broker company Baninter Corredores de Seguros and Baninter Factoring. The amount of the transaction was US$ 110 millions. Prieto also prepared the filing to obtain all necessary authorizations from the Chilean regulator (Superintendencia de Bancos e Instituciones Financieras) required to close the transaction. (2015)