Home / People / Jorge Allende D.
Jorge Allende Destuet

Jorge Allende D., LL.M.

Partner

CMS Carey & Allende
Avda. Costanera Sur 2730, Piso 9
Parque Titanium, Las Condes
7550000 Santiago
Chile
Languages Spanish, English
Corporate / M&A

Jorge is a partner and a member of the Corporate/M&A team for CMS Carey & Allende. His practice focuses on mergers and acquisitions, capital market operations, and private equity. He counsels international clients on matters of finance, hospitality, and natural resources. He has been admitted to the bar in both Chile and New York. (2011).

Jorge has regularly participated in cross-border business combination operations, advising both local clients in their expansion endeavors in Latin America, as well as for foreign clients in their businesses in Chile, and in other regions of Latin America.

Endorsed by Chambers and Partners, The Legal 500, Latin Lawyer 250, Best Lawyers, and FinanceMonthtly  Awards - Mergers & Acquisitions Lawyer of the Year 2017.

He previously worked as an associate at Simpson Thacher & Bartlett LLP, New York (2009 – 2011).

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"He is one of the best M&A and securities lawyers we have ever worked with, and his support has been invaluable. He manages complex situations with a manner that inspires confidence and allows us to consolidate agreements. He truly helps us to make things happen"

Chambers and Partners Latin America - 2018

"An intelligent and technically skilled professional working to an international standard and providing legal recommendations that are beyond reproach"

Chambers & Partners Latin America

“A talented young US-trained lawyer, with very useful contacts with peers across Latin America and New York”

Latin Lawyer 250

"He is very up to date and has good knowledge of foreign markets, which is very useful to us as a client"

Chambers & Partners Latin America

Relevant experience

Chile

  • Advised Blackstone Group, a U.S. multinational private equity firm, on the acquisition of a stake in U.S. investment fund FRS Capital. As a result, Blackstone gains  indirect shareholding in Carrix, leading container terminal operator in the Americas as well as in Asia, New Zealand and South Africa.   
  • Advised Empresas AquaChile S.A., the largest listed salmon farming business in Chile, on the sale of 99.71% of its shares to Agrosuper S.A., which will allow both companies greater environmental, health and commercial synergy. Total amount USD 850 million. This deal was chosen by TTR as Deal of the First Quarter of 2019 in Chile.
  • CMS Chile and Peru teams advising Sun Dreams S.A.  on the acquisition of Thunderbird Resorts Inc. operations in Peru, as part of its expansion plans. The operation included the acquisition of all the shares of the operating companies, the purchase of the property where the casino Fiesta in Lima operates, and the transfer of municipal and ministerial authorizations necessary for the operation thereof.
  • Advised Samsung Engineering Co. Ltd. on their joint venture with KOSPO, for the construction and operation of the combined cycle power plant for BHP Billiton Chile. Said plant will generate approximately 517MW in Antofagasta, Chile, for BHP’s mining operations there. The project’s total budget is USD 600 million.
  • Led the team acting as deal counsel for Sun Dreams S.A., on the cross border merger of Dream S.A., a listed Chilean casino and hotel company with regional presence and the Latin American business of South African gaming leader Sun International Ltd. The combined entity became the sector’s largest company in the region and is worth more than USD 1 billion. Immediately thereafter, Jorge advised Sun International on a syndicated loan to acquire a 5% additional stake in Sun Dreams S.A., in order to successfully conclude the merger.
  • Led the team that advised Enagás Chile, subsidiary of Spanish Enagas S.A., on the acquisition of stakes in GNL Quintero S.A. At first, our client acquired Endesa’s 20 percent stake in the company. Then Enagas increased its total stake in the plant to 40.4%. Finally, it acquired an additional 20% of the plant from Aprovisionadora Global de Energía (a company spun off from Metrogas, Gas Natural Fenosa being the majority shareholder). The total consideration of these transactions totals USD 400 million. In 2017 advised Enagás in GNL Quintero S.A. stock restructuring for USD 532 million.
  • Represented the Spanish group Iberdrola on the sale of 51% of its Chilean affiliate Essal S.A. to Aguas Andinas S.A., controlled by the Spanish company Aguas de Barcelona S.A. (Agbar), for USD 162 million. The operation was concluded by way of a takeover bid (OPA) on the part of Aguas Andinas, for 100% of Essal, which at the time of the operation had 173,000 clients, and provided services in 33 locations, in southern Chile.
  • Advised Sonda S.A. on the increase of its capital, and placement of shares abroad, pursuant to Rule 144 and Reg. S, to finance part of a USD 700 million triennial investment plan in the issuance of inaugural bonds in the local market for 3 million UF (Chilean Development Units).

United State of America

  • Participated on a team that advised CFR Pharmaceuticals S.A. on matters related to New York law, as pertaining to their introduction into the Chilean stock market, and placement of shares abroad, pursuant to Rule 144 and Reg. S.
  • Participated on a team that advised Celulosa Arauco y Constitución S.A on matters related to New York law, as pertaining to the issuance of bonds in international markets, for USD 400 million, pursuant to Rule 144 and Reg. S.
  • Participated on a team that advised Pan American Energy LLC on matters related to New York law, as pertaining to the issuance of bonds in international markets, for the amount of USD 500 million, pursuant to Rule 144 and Reg. S.
  • Participated on a team that advised Banco Internacional del Peru S.A. on matters related to New York law, as pertaining to the issuance of bonds in international markets, totaling USD 200 million, pursuant to Rule 144 and Reg. S.
  • Participated on a team that advised the Republic of Peru on matters related to New York law, as pertaining to the issuance of sovereign bonds in Peru, and in international markets, totaling USD 2.5 billion.
  • Participated on a team that advised Pesquera Exalmar S.A. on matters related to New York law, as pertaining to their introduction into the Peruvian stock market, and the placement of shares abroad, pursuant to Rule 144 and Reg. S.
  • Participated on a team that advised Sigma Alimentos S.A. de C.V. on matters related to New York law, as pertaining to the issuance of bonds in Mexico and in international markets, totaling USD 250 million, pursuant to Rule 144 and Reg. S.
  • Participated on a team that advised Copec S.A. on matters pertaining to New York law, in the acquisition of controlling interest of Organización Terpel S.A. in Colombia, in various stages. Said stages included direct acquisitions and public share purchasing, totaling over USD 240 million.
  • Participated on a team that advised Empresas Públicas de Medellín E.S.P. (EPM), on matters pertaining to New York law, in the acquisition of 51% of Elektra Noreste S.A. (ENSA), and of 86.41% of Distribuidora de Electricidad Del Sur S.A. (DelSur). ENSA is the second largest electrical power distributor in Panama. DelSur is the second largest energy transformation, distribution, and unbundling company in El Salvador. EPM is a state-owned company, and the largest basic services company in Colombia. EPM was a part of a consortium headed by Iberdrola S.A., in the acquisition of 80% of its net assets in Latin America, totaling close to USD 4.8 billion.
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Education

  • 2014 – Graduate School of Business, Ignite Program, Stanford University
  • 2009 – Master of Corporate Law, New York University
  • 2005 – Law Degree summa cum laude, Universidad de Chile School of Law
  • 2004 – Study Abroad Program, University of California Berkeley
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Publications

  • Author of the Chilean chapter on Acquisition Finance 2014 and 2015, included in the international publication “Getting The Deal Through”.
  • Co-author of the Chilean chapter on Corporate Governance 2014 and 2015, included in the international publication “Getting the Deal Through”.
  • Author for publication on start-up | capital venture | innovation | start-up for the newspaper “Pulso”: Crowdfunding: What Lies Ahead in Start-up and Capital Markets (September 2013); Valuation of Start-ups: Art or Science (November 2013); Emerging Financing: Building the Bridge that Separates Start-up from the Possibility of Starting (May 2014).
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Lectures list

  • Universidad de Chile, Assistant Professor, Commercial Law (2012 – to date).
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Infrastructure & Projects

Jorge is a partner and a member of the Corporate/M&A team for CMS Carey & Allende. His practice focuses on mergers and acquisitions, capital market operations, and private equity. He counsels international clients on matters of finance, hospitality, and natural resources. He has been admitted to the bar in both Chile and New York. (2011).

Jorge has regularly participated in cross-border business combination operations, advising both local clients in their expansion endeavors in Latin America, as well as for foreign clients in their businesses in Chile, and in other regions of Latin America.

Endorsed by Chambers and Partners, The Legal 500, Latin Lawyer 250 and Best Lawyers.

He previously worked as an associate at Simpson Thacher & Bartlett LLP, New York (2009 – 2011).

more less

"He handles complex situations in such a way that instils trust in us as clients and allows us to close deals; in short, he makes things happen"

Chambers and Partners Latin America - 2018

"He knows exactly what international companies are looking for and is able to adapt to different situations and counterparties"

Chambers and Partners Latin America

"He is very up to date and has good knowledge of foreign markets, which is very useful to us as a client"

Chambers & Partners Global

"Attentive, knowledgeable and proactive"

Chambers and Partners Latin America

Relevant experience

  • Led CMS Chile and Peru teams advising Sun Dreams S.A. on the acquisition of Thunderbird Resorts Inc. operations in Peru, as part of its expansion plans. The operation included the acquisition of all the shares of the operating companies, the purchase of the property where the casino Fiesta in Lima operates, and the transfer of municipal and ministerial authorizations necessary for the operation thereof.
  • Represented Dreams S.A. (currently Sun Dreams S.A.), for the Inaugural bond offering in Chile for up to USD 200 million in order to finance Latin American expansion. Issuer has operations in Chile, Peru, Colombia, and Panama.
  • Counseled Dreams S.A. on deal for cross-border merger of Dreams, a listed Chilean company with operations in Chile and Peru, and the Latin American business of Sun International. The new combined entity, known as Sun Dreams, became the largest hotel and casino company in Latin America with initial operations in Chile, Peru, Colombia and Panama, and is worth over USD 1 billion. Said deal was nominated by local media as Deal of the Year in 2015.
  • Advised Sun International in 2016 on a syndicated loan to acquire a 5% additional stake in Sun Dreams S.A., to successfully conclude the merger.
  • Advised Sun Dreams S.A., Latin America's largest gaming and entertainment operator, on the restructuring of their financial debt both at the level of the subsidiaries of Sun and Dreams prior to the merger of said entities. Five loans were refinanced with eight banks in one operation including credit assignment agreements, novation for debtor substitution and debt recognition, redenomination, consolidation, and rescheduling.
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Education

  • 2014 – Graduate School of Business, Ignite Program, Stanford University
  • 2009 – Master of Corporate Law, New York University
  • 2005 – Law Degree summa cum laude, Universidad de Chile School of Law
  • 2004 – Study Abroad Program, University of California Berkeley
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Publications

  • Author of the Chilean chapter on Acquisition Finance 2014 and 2015, included in the international publication “Getting The Deal Through”.
  • Co-author of the Chilean chapter on Corporate Governance 2014 and 2015, included in the international publication “Getting the Deal Through”.
  • Author for publication on start-up | capital venture | innovation | start-up for the newspaper “Pulso”: Crowdfunding: What Lies Ahead in Start-up and Capital Markets (September 2013); Valuation of Start-ups: Art or Science (November 2013); Emerging Financing: Building the Bridge that Separates Start-up from the Possibility of Starting (May 2014).
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Lectures list

  • Universidad de Chile, Assistant Professor, Commercial Law (2012 – to date)
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Private Equity

Jorge is a partner and member of the Corporate/M&A team of CMS Carey & Allende. His practice focuses on mergers and acquisitions, capital market operations, and private equity. He counsels international clients in hospitality, finance, and natural resources. He has been admitted to the bar in both Chile and New York. (2011).

Jorge has regularly participated in cross-border business combination operations, advising both local clients in their expansion endeavors in Latin America, as well as for foreign clients in their businesses in Chile, and in other parts of the region.

Endorsed by Chambers and Partners, The Legal 500, Latin Lawyer 250 and Best Lawyers.

He previously worked as an associate at Simpson Thacher & Bartlett LLP, New York (2009 – 2011).

more less

"An intelligent and technically skilled professional working to an international standard and providing legal recommendations that are beyond reproach "

Chambers and Partners Latin America

"Proficiency in stock market issues; he knows the internal processes of the underwriters and has a good working relationship with the Chilean regulator"

Chambers and Partners Latin America

"Great touch with clients"

The Legal 500

Education

  • 2014 – Graduate School of Business, Ignite Program, Stanford University
  • 2009 – Master of Corporate Law, New York University
  • 2005 – Law Degree summa cum laude, Universidad de Chile School of Law
  • 2004 – Study Abroad Program, University of California Berkeley
more less

Publications

  • Author of the Chilean chapter on Acquisition Finance 2014 and 2015, included in the international publication “Getting The Deal Through”.
  • Co-author of the Chilean chapter on Corporate Governance 2014 and 2015, included in the international publication “Getting the Deal Through”.
  • Author for publication on start-up | capital venture | innovation | start-up for the newspaper “Pulso”: Crowdfunding: What Lies Ahead in Start-up and Capital Markets (September 2013); Valuation of Start-ups: Art or Science (November 2013); Emerging Financing: Building the Bridge that Separates Start-up from the Possibility of Starting (May 2014).
more less

Lectures list

  • Universidad de Chile, Assistant Professor, Commercial Law (2012 – to date)
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