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.