We acted as external legal counsel to Enel S.p.A., an Italian corporation, in launching and executing a voluntary partial public tender offer for the acquisition of shares and American Depositary Shares (ADSs) of its listed Chilean subsidiary Enel Américas S.A., for an amount of up to 7,608,631,104 shares (including Shares represented by ADSs), for a maximum total potential amount of CLP$1,065,208,354,560 (approximately US$1,500,000,000).
We advised South 32 Limited entering into two binding conditional agreements with Sumitomo Metal Mining and Sumitomo Corporation (collectively Sumitomo) to acquire a 45% interest in the Sierra Gorda copper mine in Chile (Sierra Gorda) via the acquisition of a 45% indirect interest in Sierra Gorda S.C.M. for an upfront cash consideration of US$1.55 billion.
We represented América Móvil (Claro Chile) in the joint venture with Liberty Latin America (VTR) to combine their respective operations in Chile on a 50:50 basis.
We advised, through Goodwin, Gemini Investments L.P. in the Series B financing round for Burn to Give Inc. (parent company of Betterfly SpA). This round includes the world's leading venture capital investors such as DST Global, QED Investors, Valor Capital, Endeavor Catalyst and SoftBank Latin America Fund. This stage represents the largest insurtech fundraising round in Latin America to date. Value US$60 million.
We advised Insight Investment (through Chilean entity Lácteos Támesis Limitada) in the negotiation and drafting of a master agreement for the sale of all its farms, cattle heads and equipment to Puduhue SpA, a Chilean company related to the Sembrador group, and to Compañía de Seguros de Vida Consorcio Nacional de Seguros S.A.
We advised Clear Springs in the acquisition of 33,3% of the shares of a Chilean blueberry producer. The transaction also involved the acquisition of several loans owed by the target company, as well as the negotiation of a shareholder's agreement with the target company's controller.
We advised Inversiones e Inmobiliaria La Fuente, which sold 35% of Frigorífico Andino S.A., which operates Frigorífico Icestar, the largest cold storage plant in Chile and a leader in the provision of integral frozen product storage services, to Agromerchants.
We acted as counsel for IAMGOLD Corporation in the process of selling a portfolio of royalties to Triple Frag Precious Metals Corp, which included a 1% royalty owned by Minera Polo Sur S.A., a Chilean entity controlled by IAMGOLD Corporation (Approx. 75%), over mining concessions currently property of Antofagasta Minerals.
We advised SSR Mining Inc. in the sale of the shareholding in Minera Cachinal S.A. (approx. 20%) that SSR Mining Inc. and Silver Standard Ventures Inc. owned to Aftermath Silver LTD, and creation of a pledge on the shares of Minera Cachinal S.A. to secure the payment of the balance of the price.
We represented Celulosa Arauco y Constitución S.A. in the sale of approximately 80,000 hectares of forestry land in Chile to a local company controlled by BTG Pactual for US$385,500,000 plus applicable VAT.