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 co-head of the Corporate/M&A Group at CMS Chile. 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).

He 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, Leaders League, and FinanceMonthtly Awards - Mergers & Acquisitions Lawyer of the Year 2017.

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

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"Jorge is a great team leader. He has extensive experience in the field, as well as in international legislation and in other branches of law, which make him a very complete and prepared lawyer. He has full availability and pays great attention to the client"

The Legal 500 - 2021

"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 Latin America

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

Chambers Latin America

"He is a very good lawyer and is very involved. He is available and nimble, and understands and respects our needs"

Chambers Latin America - 2019

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

Latin Lawyer 250

Relevant experience

Chile

  • 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.   
  • Nueva Inversiones Pacífico Sur Ltda (IPS) on an agreement for the purchase of 65% of Sun Dreams’ shares, for USD 210 million.  Sun Dreams is owned by Sun International.  Once the transaction is completed – subject to the conditions that are usual for this kind of operation – IPS will be the sole proprietor of the shares.  Furthermore, our client is to pay a variable amount subject to certain revenue projections, in the case that currently valid gaming licenses are renewed. 
  • 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.
  • 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.
  • 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.
  • 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.
  • 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 the 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 the 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 the 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 the 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 the 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 the 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 the 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 the 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 the 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”.
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Infrastructure & Projects

Jorge is part of the Infrastructure & Projects Group at CMS Chile. He 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).

He 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, Leaders League and Best Lawyers.

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

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

Chambers Global

"He is a valuable asset’ thanks to his extensive dealings with underwriters and good relations with the regulator"

Latin Lawyer 250

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

Chambers Latin America

Relevant experience

  • Celeo Redes on the bidding process for new energy transmission works, awarding concessions for the construction, operation and maintenance of two projects related to Chile’s main power grid; said project is for the National Energy Commission.  One project will include the construction of two substations in central Chile with a combined line length of over 200 km, while the other – a 360 km-long line - will be located in southern Chile. 
  • Samsung Engineering Co. in partnership with the Korea Southern Power consortium (KOSPO), a consortium that was awarded the engineering and construction of the Kelar gas power plant on behalf of BHP Billiton. This is a natural gas plant with a capacity of 517 MW, which represents an investment of over USD 600 million. (ECC-E&C)
  • Representation of Iberdrola in the sale of 51% of its Chilean subsidiary Essal S.A. to Aguas Andinas S.A., which is 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.
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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”.
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Private Equity

Jorge is part of the Private Equity Group at CMS Chile. He 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).

He 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.

Jorge was speaker at the Latin Lawyer Live 10th Annual Private Equity Conference on the panel “Deal-making in 2019 and beyond: Everything you need to know.” 

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

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

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"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 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 Latin America

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

Chambers Latin America

Relevant experience

  • Blackstone Group on the acquisition of indirect shareholding in the US investment fund FRS Capital. As a result, Blackstone gains an indirect shareholding in Carrix Inc., leading container terminal operator in the Americas, as well as in Asia, New Zealand and South Africa.  
  • Broota on set up the first equity-based crowdfunding web online platform in Chile, Brazil and Peru. To date, 39 different projects have been successfully financed through this platform, trading approximately USD 9.5 million. We also assist issuers that raise capital through Broota, in connection with their corporate structure and regulatory compliance.
  • Centerbridge Partners L.P. on its effort to acquire a controlling stake in Nextel Telecom Chile. Our work included structuring the transaction taking into account 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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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”.
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14 September 2020
Nueva In­ver­siones Pacífico Sur’s USD160M Ac­quis­i­tion
CMS Carey & Al­lende has helped Chilean in­vest­ment group Nueva In­ver­siones Pacífico Sur (IPS)  buy the re­main­ing shares in Chile’s largest casino op­er­at­or, giv­ing it full own­er­ship of the com­pany.IPS...
11 September 2020
CMS Carey & Al­lende seals phar­ma­ceut­ic­al buy
Chile’s CMS Carey & Al­lende has helped the hold­ing com­pany of Mex­ic­an phar­ma­ceut­ic­al group Labor­ator­i­os San­fer buy a con­trolling stake in Chilean coun­ter­part Labor­ator­i­os Pas­teur.The ex­act size of the...
09 June 2020
CMS Ex­pert Guide to in­solv­ency law and rules in Lat­in Amer­ica
The in­solv­ency sys­tems for com­pan­ies and oth­er leg­al en­tit­ies vary from coun­try to coun­try. The main pur­pose of in­solv­ency le­gis­la­tion, how­ever, is fun­da­ment­ally the same world­wide. If there is im­port­ant...
12 May 2020
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De­liv­er­ing true depth of ex­pert­ise and re­sources across the globe We are de­lighted to in­tro­duce you to the latest edi­tion of the CMS In­ter­na­tion­al Cap­it­al Mar­kets Con­tacts Book. Our 2017 three-way mer­ger...
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CMS is de­lighted to provide you with the latest edi­tion of Hos­pit­al­ity Mat­ters, our bul­let­in for the ho­tels and leis­ure in­dustry. This pub­lic­a­tion ex­plores re­cent leg­al de­vel­op­ments in the ho­tels and...
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CMS has stead­ily grown its pres­ence in Lat­in Amer­ica over the past dec­ade. In Janu­ary 2017 we ad­ded to our well-es­tab­lished of­fices in Brazil and Mex­ico three new CMS mem­ber firms in Chile, Colom­bia and...
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CMS in Lat­in Amer­ica En­ergy, Min­ing & Pro­jects
CMS has stead­ily grown its pres­ence in Lat­in Amer­ica over the past ten years. In 2017 we ad­ded to our well-es­tab­lished of­fices in Rio de Janeiro and Mex­ico three new CMS mem­ber firms in Chile, Colom­bia...