Jaime Coutts
Associatejcoutts@carey.cl
+56 2 2928 2215
His practice focuses on mergers and acquisitions, securities, corporate and commercial law, international trade, capital markets, foreign investment and general practice.
REPRESENTATIVE EXPERIENCE
- Hapag-Lloyd, a German listed company and global leader in container shipping, on the acquisition, for approx. USD1 billion, of the port terminals and inland logistics business of SAAM, a Chilean listed multinational company that provides foreign trade services. Hapag-Lloyd acquired the entire operation of the port terminals business of SAAM, which includes ten terminals in six countries in the Americas, and of the inland logistics business of SAAM.
- Qatar Airways, as shareholder and lender, on the LATAM Airlines reorganization process under Chapter 11 rules in the Bankruptcy Court of New York, including the negotiation and execution of two debtor-in-possession (DIP) financings. The process ended with a successful emergence of LATAM Airlines from the proceeding after securities issuances and debt contracting for a total of USD13.2 billion, resulting with Qatar Airways remaining as a relevant shareholder.
- MetLife Chile on the renewal for 15 years of its strategic alliance of the bancassurance business of life insurance with Banco del Estado de Chile. The transaction included the sale of 49.9% of BancoEstado Corredores de Seguros, owned by MetLife Chile, to Banco del Estado de Chile for approx. USD28 million.
- BlackRock, the world’s largest asset manager, through its fund Global Renewable Power III (GRP III), in: i) the acquisition of a portfolio of 18 PMGD photovoltaic projects (the largest operating portfolio of PMGD projects in Chile) from Fondo de Inversión Privado Tralka Energías Renovables with an aggregate capacity of 80 MW, ii) the association with Solek Holdings SE (Solek Group) for the construction and acquisition of a portfolio of up to 28 photovoltaic PMGD/PMG projects with an aggregate capacity of up to 200 MW, and iii) a portfolio management services agreement with Aediles Capital Inc., which will manage the PMGD/PMG portfolio of GRP III in Chile that is projected to reach a capacity of 435 MW through an investment of up to USD200 million, becoming one of the largest distributed energy portfolio in the country.
- Mountain Capital Partners, the largest ski resorts owner and manager of the southwest of the United States, on its controlling investment in Valle Nevado, one of the largest ski resorts in South America. The acquisition was made in the context of the reorganization plan of Valle Nevado.
- Goldman Sachs, as the sole global coordinator, bookrunner, initial purchaser and commitment provider, on a USD489 million zero coupon senior secured notes issuance due 2028 issued by Chile Electricity PEC SpA under Rule 144A/Regulation S of the United States Securities Act of 1933. The funds from the placement were used to purchase certain credits from the main electricity generation companies originated by the implementation of the temporary rate stabilization mechanism established by Law No. 21,185.
- Sinovac, a Chinese leading biopharmaceutical company and one of the largest producers of vaccines against COVID-19 in the world, on the installation and development of its operation in Chile, which is the first one in the region. The representation included, among others, advice on the incorporation of a Chilean subsidiary, the purchase of a real estate for a fill & finish vaccine facility in Santiago, Chile, of more than 21,000 square meters, the entrance of the initial capital funds to Chile, and on labor and immigration matters related to the Chilean and foreign employees who will render services to Sinovac Chile. Through its Chilean business unit, Sinovac intends to also cover the rest of the Latin American market.
- Globo Comunicação e Participações, a subsidiary of Grupo Globo, the largest media group in Brazil, on the issuance of bonds in the international market for USD500 million under Rule 144A/Reg S, and on a concurrent bonds tender offer for its senior notes due 2022 using the proceeds of the debt offering (Debevoise & Plimpton).
AWARDS AND RECOGNITIONS
- Recognized in Corporate and M&A, Best Lawyers.
ACTIVITIES AND MEMBERSHIPS
- International Associate, Debevoise & Plimpton, New York (2019-2020).
- Teaching Assistant of Commercial Law, Universidad Católica de Chile (2015-2018).
- Teaching Assistant of Economic Law, Universidad Católica de Chile (2009-2014).
- Teaching Assistant of History of Law, Universidad Católica de Chile (2009-2011).
- Member of the Chilean Bar Association.
PUBLICATIONS
- Co-author of the Chilean chapter of the Foreign Direct Investment Guide, IBA (2022).
- Co-author of the Chilean chapter of the Negotiated M&A Guide, IBA (2022).
- Co-author of "The International Bar Association Company Director Checklist - Chile" (2022).
- Co-author of the article "PIPEs in Chile: Current situation and some ideas that could promote their development", Abogados.com.ar (2021).
- Co-author of the IBA Report on the Future of Work, IBA (2019).
EDUCATION
- Law, Universidad Católica de Chile (Magna Cum Laude).
- Exchange Student, University College Dublin, Ireland (2013).
- LL.M., The University of Chicago (2019).
- Degree in Capital Markets Law, Universidad de Chile (Summa Cum Laude) (2020).
ADMISSIONS
- Chile (2015).
LANGUAGES
- Spanish.
- English.
