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Portrait ofIgnacio Errazquin

Ignacio Errazquin, LL.M.

Partner

Contact
CMS Carey & Allende
Av. Costanera Sur 2730, Piso 10
Parque Titanium, Las Condes
7550000 Santiago
Chile
Languages Spanish, English, French
Corporate / M&A

Ignacio is a partner in the Corporate/M&A Group at CMS Carey & Allende since 2012. He focuses his practice on mergers and acquisitions, telecom, project finance with an emphasis on mining and non-conventional renewable energy projects, private equity and the structuring of joint ventures for businesses in different sectors.

He also advises on antitrust matters in connection with merger control procedures.

During the first half of 2018, Ignacio worked on the Corporate/M&A team at CMS Francis Lefebvre in Paris, France, where he participated in multiple cross-border transactions within Europe and with the US. He also advises French companies on their establishment as well as their business development in Chile.

 

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"Ignacio Errazquin is a proactive person, who always has new proposals and solutions to problems that may arise. He has full availability and provides great customer service"

The Legal 500 - 2021

Relevant experience

  • KKR on the acquisition of a 60% stake in Telefonica Chile’s fibre optic network, in order to create the first wholesale open-access fibre optic network, available to all current and future telecom operators in Chile. Said business will greatly increase broadband access in the country, benefiting both consumers as well as businesses. The network will be owned and operated by an independent company with locally managed assets, which will cater to current as well as future telecom companies with wholesale connectivity services throughout the fibre optic network. Our services also included assisting our client in entering into commercial and operational agreements for its three-year growth plan. This transaction was awarded as Private Equity Deal of the year 2021 by LatinFinance. 
  • Compañía Minera Sierra Atacama on M&A, financing and operation matters to reactivate the Sierra Miranda Project at the initiative of our client. We advised especially on the negotiation and execution of development and operation contracts such as (i) a 7MW liquefied natural gas (LNG) power plant; (ii) LNG supply agreement with Engie, which includes the commissioning and leasing of a satellite regasification plant; (iii) a water supply agreement to service the entire mining operation; and (iv) transportation service agreement. Furthermore, we advised the company and its shareholders on the transaction whereby the company acquired the mining properties and assets of this project. 
  • Cosemar on the sale of a controlling interest to EBI Operations, Inc., a collection and transport company of compost organic materials and recyclables. 
  • Laboratorios Sanfer (Invekra Group) on the acquisition of a controlling interest in Laboratorio Pasteur S.A., a seasoned pharmaceutical company in the Chilean market.
  • Blackstone Group on the acquisition of indirect shareholding in the US investment fund FRS Capital. As a result, Blackstone obtained an indirect shareholding in Carrix Inc., leading container terminal operator in the Americas, as well as in Asia, New Zealand and South Africa. 
  • Ardian on the incorporation of a commercial office in Santiago, its first in Latin America, including labour, tax and corporate aspects of the establishment of the company in Chile. Also advised on securities market regulation compliance analysis, in line with Ardian’s global policy.  
  • Europastry on the due diligence of the potential acquisition process of the company BredenMaster S.A., a Chilean producer and marketer of frozen bakery goods.
  • Solarpack on the financing transaction with German bank KfW IPEX-Bank, which consisted of a credit facility of up to USD 91 million for the construction and development of the photovoltaic project “La Granja”, in the Atacama desert, northern Chile, with a capacity of 123 MW and will supply power to 25 distribution companies in the northern region of Chile.
  • Empresas Aquachile S.A.  on the negotiation and conclusion of a bridge loan of up to USD 240 million with a club of foreign and local banks led by Rabobank, for the financing of the acquisition by Empresas Aquachile S.A. of Salmones Magallanes and Pesquera Edén, salmon farming companies with a combined total of 26 maritime concessions in southern Chile.
  • Sun Dreams on the merger of its operation in Latin America between the Chilean casino and hotel company and the South African gaming leader Sun International Ltd, becoming the largest hospitality company in the region, valued at USD 1 billion.
  • Sonda S.A.  on its capital increase and placement of shares in the US, pursuant to Rule 144 and Reg. S, to finance part of a triennial investment plan of USD 700 million.

In addition, as part of his work in the Corporate/M&A team at CMS Francis Lefebvre in Paris, he participated in multiple transactions, including:

  • The acquisition of the leading European book printing group headquartered in France, CPI, by Circle Media Group, a landmark transaction involving six jurisdictions to create the largest independent European group in the delivery of print and media capabilities.
  • He participated on the team that regularly advises insurers on the issuance of representations and warranties (R&W) insurance in the context of M&A transactions.
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Memberships & Roles

  • French-Chilean Chamber of Commerce.
  • Chilean Bar Association.
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Awards & Rankings

Ignacio is endorsed by The Legal 500, Leaders League, Latin Lawyer 250 and Best Lawyers. 

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Education

  • 2017 – Master of Laws and Business Law Certificate, Duke University
  • 2012 – Certification in Competition Policy and Law , Universidad de Chile
  • 2011 – Law Degree, Universidad de Chile School of Law 
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Private Equity

Ignacio is a partner in the Corporate/M&A and Private Equity Groups at CMS Carey & Allende since 2012. He focuses his practice on mergers and acquisitions, telecom, project finance with an emphasis on mining and non-conventional renewable energy projects, private equity and the structuring of joint ventures for businesses in different sectors.

He also advises on antitrust matters in connection with merger control procedures.

During the first half of 2018, Ignacio worked on the Corporate/M&A team at CMS Francis Lefebvre in Paris, France, where he participated in multiple cross-border transactions within Europe and with the US. He also advises French companies on their establishment as well as their business development in Chile.

more less

Relevant experience

  • KKR on the acquisition of a 60% stake in Telefonica Chile’s fibre optic network, in order to create the first wholesale open-access fibre optic network, available to all current and future telecom operators in Chile. Said business will greatly increase broadband access in the country, benefiting both consumers as well as businesses. The network will be owned and operated by an independent company with locally managed assets, which will cater to current as well as future telecom companies with wholesale connectivity services throughout the fibre optic network. Our services also included assisting our client in entering into commercial and operational agreements for its three-year growth plan. This transaction was awarded as Private Equity Deal of the year 2021 by LatinFinance. 
  • Blackstone Group on the acquisition of indirect shareholding in the US investment fund FRS Capital. As a result, Blackstone obtained an indirect shareholding in Carrix Inc., leading container terminal operator in the Americas, as well as in Asia, New Zealand and South Africa. 
  • Centerbridge Partners L.P. on its effort to acquire a controlling stake in Nextel Telecom Chile. Our work included structuring the transaction considering the potential insolvency of some of the target’s subsidiaries in certain jurisdictions, as well as potential antitrust and telecom issues related to the spectrum of concentration in Chile. 
     
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Memberships & Roles

  • French-Chilean Chamber of Commerce.
  • Chilean Bar Association.
more less

Awards & Rankings

Ignacio is endorsed by The Legal 500, Leaders League, Latin Lawyer 250 and Best Lawyers. 

more less

Education

  • 2017 – Master of Laws and Business Law Certificate, Duke University
  • 2012 – Certification in Competition Policy and Law , Universidad de Chile
  • 2011 – Law Degree, Universidad de Chile School of Law 
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TMC - Technology, Media & Communications

Ignacio is head of  Technology, Media & Communication (TMC) Group at CMS Carey & Allende. He focuses his practice on mergers and acquisitions, telecom, project finance with an emphasis on mining and non-conventional renewable energy projects, private equity and the structuring of joint ventures for businesses in different sectors.

He also advises on antitrust matters in connection with merger control procedures.

During the first half of 2018, Ignacio worked on the Corporate/M&A team at CMS Francis Lefebvre in Paris, France, where he participated in multiple cross-border transactions within Europe and with the US. He also advises French companies on their establishment as well as their business development in Chile.
 

 

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"Ignacio is an experienced senior associate"

The Legal 500 - 2021

Relevant experience

  • KKR on the acquisition of a 60% stake in Telefonica Chile’s fibre optic network, in order to create the first wholesale open-access fibre optic network, available to all current and future telecom operators in Chile. Said business will greatly increase broadband access in the country, benefiting both consumers as well as businesses. The network will be owned and operated by an independent company with locally managed assets, which will cater to current as well as future telecom companies with wholesale connectivity services throughout the fibre optic network. Our services also included assisting our client in entering into commercial and operational agreements for its three-year growth plan. This transaction was awarded as Private Equity Deal of the year 2021 by LatinFinance. 
  • Viacom on regulations applicable to media concentration restrictions and the filings required by the relevant Chilean authority for a merger. 
  • Advised a multinational infrastructure company on a private bid for the acquisition of approximately 4,000 telecom towers -the largest market share for an independent infrastructure provider- from Entel, the leading telecom operator in Chile providing services to nearly 10 billion with a 33% market share.
  • American Tower on the review current regulations, representation in investigative procedures and sanctions applied by SUBTEL as a consequence of the existence of a gap between technological and regulatory changes and identify and propose regulatory solutions to allow the development of businesses such as the implementation of 5G in the country.
  • Centerbridge Partners L.P.  on its effort to acquire a controlling stake in Nextel Telecom Chile. Our work included structuring the transaction considering the potential insolvency of some of the target’s subsidiaries in certain jurisdictions, as well as potential antitrust and telecom issues related to the spectrum of concentration in Chile.
  • Sonda S.A. on its capital increase, and placement of shares abroad, pursuant to Rule 144 and Reg. S, to finance part of a USD 700 million triennial investment plan.
more less

Memberships & Roles

  • French-Chilean Chamber of Commerce.
  • Chilean Bar Association.
more less

Awards & Rankings

Ignacio is endorsed by The Legal 500, Leaders League, Latin Lawyer 250 and Best Lawyers. 

more less

Education

  • 2017 – Master of Laws and Business Law Certificate, Duke University
  • 2012 – Certification in Competition Policy and Law , Universidad de Chile
  • 2011 – Law Degree, Universidad de Chile School of Law 
more less
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