Home / People / Jorge Allende D
Portrait of Jorge Allende D.

Jorge Allende D., LL.M.

Partner

Contact
CMS Carey & Allende
Av. Costanera Sur 2730, Piso 10
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 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).

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.

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

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"Jorge Allende has a unique combination of great commercial awareness with extensive legal knowledge. I trust him for all kinds of negotiations, and he is always available to help. He is definitely a great corporate lawyer in the Chilean market"

Chambers Latin America - 2023

"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

  • KKR, key global investment firm, on the acquisition of 60% interest in Telefonica Chile’s fiber-optics network, in order to create the first open-access, majority fiber optics network infrastructure, available for all current and future telecom operators in Chile in a transaction valued at USD 1.0 billion.  
  • Led the team that 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.   
  • Led the team that advised 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. 
  • Led the team that 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.
  • 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.
  • Laboratorios Sanfer (Invekra Group), Mexican pharmaceutical company, on the acquisition of a controlling interest in Laboratorio Pasteur S.A., a seasoned pharmaceutical company in the Chilean market.
  • 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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Awards & Rankings

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.

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Publications

  • Co-author of the Chilean chapter on Corporate M&A 2021, included in the international publication "Chambers Global Practice Guide".
  • Co-author of the Chilean chapter on Corporate M&A 2020, included in Chambers International
  • 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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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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Infrastructure & Projects

Jorge is a partner in the Infrastructure & Projects Group at CMS Carey & Allende. 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.

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

  • KKR, key global investment firm, on the acquisition of 60% interest in Telefonica Chile’s fiber-optics network, in order to create the first open-access, majority fiber optics network infrastructure, available for all current and future telecom operators in Chile in a transaction valued at USD 1.0 billion.  
  • 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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Awards & Rankings

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

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Publications

  • Co-author of the Chilean chapter on Corporate M&A 2021, included in the international publication "Chambers Global Practice Guide".
  • Co-author of the Chilean chapter on Corporate M&A 2020, included in Chambers International
  • 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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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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Private Equity

Jorge is a partner in the Private Equity Group at CMS Carey & Allende. 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.” 

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

  • KKR, key global investment firm, on the acquisition of 60% interest in Telefonica Chile’s fiber-optics network, in order to create the first open-access, majority fiber optics network infrastructure, available for all current and future telecom operators in Chile in a transaction valued at USD 1.0 billion.  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 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 the 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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Awards & Rankings

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

more less

Publications

  • Co-author of the Chilean chapter on Corporate M&A 2021, included in the international publication "Chambers Global Practice Guide".
  • Co-author of the Chilean chapter on Corporate M&A 2020, included in Chambers International
  • 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”.
more less

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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21/10/2022
On*Net Fibra (KKR) ac­quires fibre op­tic net­work of En­tel Chile
CMS Carey & Al­lende ad­vised ON*NET Fibra and KKR on M&A, tele­com­mu­nic­a­tion and ac­quis­i­tion fin­an­cing mat­ters re­lated to the ac­quis­i­tion of the ex­ist­ing fibre op­tic net­work of En­tel Chile, com­pris­ing...
30/10/2022
CMS - Meet our ex­perts at The In­ter­na­tion­al Bar As­so­ci­ation (IBA) An­nu­al...
More than 70 per­cent of the world’s pur­chas­ing power is loc­ated out­side of the United States. So for US com­pan­ies, es­tab­lish­ing or grow­ing their busi­ness and in­vest­ments with their main trade part­ners – wheth­er in the UK, the European Uni­on, China, Africa or the Middle East – is es­sen­tial for their suc­cess.However, do­ing busi­ness in di­verse mar­kets, each with its unique leg­al en­vir­on­ment and ways of prac­ti­cing law, re­quires spe­cial­ist know­ledge. Our more than 5,000 law­yers world­wide provide busi­ness-fo­cused ad­vice, wheth­er in a single mar­ket or across mul­tiple jur­is­dic­tions. Our fo­cus is on build­ing long-term part­ner­ships to keep our cli­ents ahead in their chosen mar­kets.CMS law­yers are pleased to be at­tend­ing the In­ter­na­tion­al Bar As­so­ci­ation (IBA) An­nu­al Con­fer­ence from 30th Oc­to­ber to 04th Novem­ber 2022.Be­low you can find an over­view of our part­ners at­tend­ing the IBA An­nu­al Con­fer­ence, rep­res­ent­ing a range of jur­is­dic­tions, prac­tice areas and sec­tor spe­cial­isms.To ar­range a meet­ing, please con­tact melania.kozyra@cmsleg­al.com.CMS law­yers will be par­ti­cip­at­ing in the fol­low­ing pan­el dis­cus­sions:France based Part­ner An­na­belle Bail­leul-Mira­baud will be chair­ing Roundtables dis­cus­sions of glob­al tax trends, Wed­nes­day 2 Novem­ber (1430 - 1730)France based Part­ner Frédéric Roux and Michel Col­let will par­ti­cip­ate in Roundtables dis­cus­sions of glob­al tax trends, Wed­nes­day 2 Novem­ber (1430 - 1730)Italy based Part­ner Paolo Bonolis will par­ti­cip­ate in the pan­el on Con­tract­ing of IT as­sets (di­git­al­isa­tion 2.0) in an in­creas­ingly com­plex reg­u­lat­ory en­vir­on­ment, Monday 31 Oc­to­ber (1430 - 1545)Italy based Part­ner Laura Opilio will take part in 3 pan­els:chair­ing Ad­dress­ing dis­tri­bu­tion-re­lated short­ages of medi­cines and med­ic­al devices from a multi-jur­is­dic­tion­al per­spect­ive meet­ing, Tues­day 1 Novem­ber (1615 - 1730);Hot top­ics in in­ter­na­tion­al com­merce, trade, fran­chising and product law, Monday 31 Oc­to­ber (0930 - 1230);and Best prac­tices in sup­ply chain in the post (or con­tinu­ing) Cov­id en­vir­on­ment, the war in Ukraine and the im­pact of di­git­iz­a­tion, Wed­nes­day 2 Novem­ber (1615 - 1730)Ger­many based Part­ner Bjo­ern Gaul and Orly Gerbi of Herzog Fox Nee­man, Is­rael will mod­er­ate a pan­el on New de­vel­op­ments on Al in the work­place on 02.11.2022 (Wed­nes­day) 9.30 h – 10.45 a.mEm­ploy­ment and In­dus­tri­al Re­la­tions Law Com­mit­tee (Lead for mod­er­at­ors and speak­ers)Tech­no­logy Law Com­mit­tee (one speak­er) with the at­tend­ing ex­perts be­low:Pa­tri­cia Bar­boza, CGM Ad­vogados, Brazil­Steven T. Hunt, Tech­no­logy & Work, SAP In­nov­a­tion Of­fice, USAC­liff Jurkiewicz, Vice Pres­id­ent, Strategy at Phe­nom, USAInge de Laat, Rut­gers & Posch, Neth­er­landsAnthony J. On­cidi, Proskauer, USAVikram Shroff, Nishith De­sai, In­dia­Yardenne Assa, Co-Founder and CEO, Un­box­able, Is­raelTo find out more about CMS, vis­it the About CMS sec­tion.For fur­ther in­form­a­tion, please see our part­ners at­tend­ing the con­fer­ence in the gal­lery be­low and an over­view of all our ex­pert­ise areas.
16/12/2021
Leg­al guide for com­pany dir­ect­ors and CEOs in Chile
ESG ob­lig­a­tion for Dir­ect­ors and CEOs 1. Do ex­ist­ing dir­ect­ors’ du­ties con­tain ob­lig­a­tions that ap­ply to mat­ters that could be cat­egor­ised as an ESG con­sid­er­a­tion, e.g. the en­vir­on­ment, em­ploy­ee...
14/09/2020
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...
11/09/2020
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...
09/06/2020
In­solv­ency law and rules in Chile
1. What type of re­struc­tur­ing schemes ex­ist in Chile? Oth­er than vol­un­tary agree­ments between cred­it­ors and debt­ors to rene­go­ti­ate debts and re­struc­ture busi­nesses, in Chile it is pos­sible to open re­struc­tur­ing...
10/09/2018
In­ter­na­tion­al Cap­it­al Mar­kets Group
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...
20/10/2017
Hos­pit­al­ity Mat­ters - Au­tumn/Winter 2017
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...
22/05/2017
CMS Lat­in Amer­ica - Cor­por­ate/M&A, En­ergy, Min­ing & Pro­jects Bro­chure
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...
20/04/2017
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...