Salvador Valdés

Partner

svaldes@carey.cl
+56 2 2928 2230

His practice focuses on corporate matters, with an emphasis in cross-border, mergers and acquisitions, corporate restructuring, debt financing, capital market and derivative transactions. He is an advisor for JP Morgan, Goldman Sachs, Morgan Stanley, Barclays Bank, LarraínVial and BanChile Citi on acquisitions, capital markets and derivative transactions. He represents also infrastructure funds, such as Ontario Teachers’ Pension Plan Board, Brookfield Infrastructure and Borealis Infrastructure in the acquisition, restructuring and financing of infrastructure projects related to water utilities, toll roads, energy projects and health care.

REPRESENTATIVE EXPERIENCE

  • El Puerto de Liverpool, owner and operator of retail stores and shopping centers in Mexico, on the negotiation to make a tender offer (OPA) of up to 100% of the shares issued by Ripley (owned by Calderon family in a 52.98%). The deal finally didn’t end successfully.
  • Amcor Flexibles, a global leader in responsible packaging solutions, on the acquisition of Alusa, the largest flexible packaging business in South America with manufacturing operations in Chile, Colombia, Peru and Argentina, for USD435 million.
  • Cheniere Marketing on behalf of certain entities of the Cheniere Energy group of companies, on the review and negotiation of a loan for more than USD850 million granted to Central El Campesino and GNL Penco, by a syndicate of local and foreign banks.
  • Endesa Chile on the sale of its 20% stake in GNL Quintero to Enagás Chile, for USD197 million.
  • Larraín Vial and Grupo Patio on the due diligence process and acquisition of the management of Aurus Renta Fondo de Inversion Privado, a Chilean fund owner of several commercial properties and offices with a net worth around USD300 million.
  • International Swap and Derivates Association (ISDA) on a plan to promote a revision of the Chilean Central Bank regulation on netting of derivative transactions involving local banks, insurance companies and pension funds.
  • Greystar Real Estate Partners on a joint venture with Credicorp Capital Asset Management Administradora General de Fondos, for the investment, development and management of residential properties held for rental purposes, located in Chile.
  • CLS Bank International on a settlement of obligations denominated in different currencies, including Chilean pesos, where the Central Bank of Chile recognized payment systems established outside Chile, thus allowing the participation of local banks and financial institutions in those payment systems.
  • Altor and Bain Capital on the sale of EWOS to Cargill for USD1.35 billion.
  • Electrolux AB on the acquisition of Compañía Tecno Industrial, the largest manufacturer of home appliances in Chile and Argentina, for USD670 million.
  • Brookfield Asset Management on the acquisition of Vespucio Norte Express and San Cristóbal Tunnel toll roads for €253 million.
  • Ontario Teachers’ Pension Plan Board on the acquisition of Chilean water utilities Essbio and Esval for USD1,100 million, and the post-closing restructure and refinancing of the companies.
  • Canada Pension Plan Investment Board on the acquisition of a 49.99% stake of Grupo Costanera, a Chilean subsidiary of Italian toll road operator Atlantia, for USD1,125 million.
  • Christus Health on the acquisition of a 40% equity stake in the UC Health Network, and negotiation of a joint venture with Universidad Católica de Chile for the management and development of its health network.
  • Cheniere Energy on the negotiation of a joint venture agreement with Australis Power for the development of LNG project Octopus in Concepción.

AWARDS AND RECOGNITIONS

  • Lawyer of the Year Award in Corporate and M&A, Best Lawyers (2018).
  • Recognized in Corporate and M&A; Capital Marketsand in Banking and Finance, Chambers Latin America.
  • Recognized in Corporate and M&A and in Capital Markets, Latin Lawyer 250.
  • Recognized in Corporate and M&A and Capital Markets, LACCA.
  • Recognized in Corporate and M&A; Capital Markets; Banking and Finance, and Investment, Best Lawyers.

ACTIVITIES AND MEMBERSHIPS

  • Member of the legal group, ICARE.
  • Member of the board of Paz Corp and Adexus.
  • Professor of Commercial Law, Universidad Católica de Chile (2005-2013).
  • Part board member of the Centro Nacional de Arbitraje (CNA).
  • Foreign Associate, Shearman & Sterling, New York (1996-1997).

PUBLICATIONS

  • Author of specialized publications on corporate governance, merger and acquisitions, international finance among others.


Education

  • Law, Universidad Católica de Chile.
  • LL.M,  University of Chicago (1996).

Admissions

  • Chile (1993).

Languages

  • Spanish.
  • English.


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