IFC makes a USD140 million equity investment in Consorcio FinancieroJune 6, 2016, by - LATIN LAWYER
Becker, Glynn, Muffly, Chassin & Hosinski LLP in New York and Chilean firm Carey have advised the International Finance Corporation on its US$140 million equity investment in Chilean financial institution Consorcio Financiero.
Consorcio Financiero hired Claro & Cía for the deal, which was signed on 26 May.
The deal gives the IFC, which is the investment arm of the World Bank, an 8.3 per cent stake in Consorcio Financiero. The capital injection will be split between Consorcio Financiero’s banking and insurance arms.
Both Carey and Becker Glynn have been behind other lending initiatives in Chile by the IFC. In December they helped the investor grant a US$200 million loan to Banco Itaú’s Chilean branch.
Counsel to the International Finance Corporation
In-house counsel - Marina Feldman
Becker, Glynn, Muffly, Chassin & Hosinski LLP
Partner Patrick O'Brien and associate Matias Sueldo in New York
Partners Cristian Eyzaguirre and Francisco Guzmán and associates Nicolás Calderón and Sergio Mesías in Santiago.
Counsel to Consorcio Financiero
Claro & Cía
Partner Felipe Larraín and associate Andrés del Sante in Santiago.