Cristián Eyzaguirre

+56 2 2928 2209

Partner of Carey and co-head of the firm´s Mergers & Acquisitions and Capital Markets Groups. His practice focuses on advising local and foreign clients in mergers and acquisitions, private equity and venture capital. The foregoing is combined with an extensive practice on joint ventures, shareholders agreements and corporate governance in general. With respect to capital markets, he advises issuers, investors and brokers, with a special focus on fund formation, structuring, registration and management of investment funds.


  • Celeo Redes and APG Energy & Infra Investments on the acquisition of 100% of Colbún Transmisión, a subsidiary of Colbún for approx. USD 1.3 billion and on the financing of the acquisition through the issuance and placement in the international markets (144A/Reg. S) of a senior bond for approx. USD1.1 billion.
  • Algonquin Power & Utilities Corp. on the acquisition of Empresa de Servicios Sanitarios de Los Lagos (ESSAL), a water utilities company with operation in the south of Chile, from Aguas Andinas for USD172.4 million and on the latter divestment of part of the indirect stake in ESSAL to the investment fund Toesca Infrastructura II. Also, in the water utility industry, advised Sembcorp Industries on the sale of its business in Chile to Sacyr for approx. USD40 million, and Antofagasta PLC, on the sale to Empresas Públicas de Medellín of 100% of the shares of Aguas de Antofagasta, a water utility company with operations in the north of Chile, for USD965 million.
  • Patria Investments on the association with Moneda Asset Management, to create a regional asset manager of more than USD25.9 billion of AUM, through the purchase of Moneda with a combination of cash and shares issued by Patria.
  • The Bank of Nova Scotia (BNS) on the acquisition of a 16.76% stake in Scotiabank Chile and other Chilean subsidiaries from the Said family, by means of a share purchase and share exchange for more than USD1 billion. As a consequence of this transaction, BNS became the owner of a 99% interest in Scotiabank Chile, bank which resulted from the acquisition of the control of BBVA Chile for USD2.2 billion, and the further merger of BBVA Chile into Scotiabank Chile, resulting in the latter becoming the third largest private bank in Chile. Subsequently, on advice to Scotiabank Chile on the merger of the financial advisory subsidiaries, stockbroker, insurance broker, general fund manager, factoring and leasing.
  • Credicorp Capital, through a USD27 million investment fund, on the joint venture with Maestra to develop residential real estate project in Santiago, Chile; and also, regulatory advice with respect to other investment funds managed by Credicorp Capital Asset Management.
  • International Finance Corporation (IFC) on several M&A transactions, such as the investment of USD225 million in shares of Corpbanca; the investment of USD140 million in Consorcio Financiero; the sale of 8.76% of Inversiones Magallanes; the investment of USD15 million in Copeval; and the sale of its stake in Factorline. Also, on several capital markets transactions such as IFC investment in two asset-back bonds originated by Copeval, and on USD10 million commercial papers issued by Fondo Esperanza, the first “social” and gender focus bond in Chile.
  • UnitedHealth Group on the acquisition of Banmédica, a Chilean health insurance, healthcare and medical rescue conglomerate, with presence in Chile, Colombia and Peru, for USD2.8 billion in January 2018, becoming the largest health industry M&A in Chile until that date and chosen as Deal of the Year by Latin Lawyer. Subsequently, during 2018 and by means of successive operations in the Santiago Stock Market for USD56 million, UnitedHealth Group increased its participation in Banmédica.
  • Christus Health, a not-for-profit institution and one of the ten largest healthcare operators on the US, on the acquisition of 50% of Red Salud UC, the largest private healthcare group in Chile, owned by Universidad Católica de Chile, and on the negotiation of corporate governance issues; and on the acquisition of 50% of Clínica San Carlos de Apoquindo.
  • Codelco on several operations, such as the mining coordination, planning and operation agreement of the neighboring operations Los Bronces (Anglo American) and Andean Division (Codelco); the acquisition, through its subsidiary Acrux, of 29.5% of the property of Anglo American Sur for USD2.8 billion, and the financing of the deal by Mitsui; and the issuance of 10-year bonds for USD400 million approx. (UF10 million) in the local market. This bond is the comeback of Codelco after more than 10 years to the local bond market.
  • Teck Resources on a joint venture with Sumitomo for the investment of USD1,2 billion in Compañía Minera Quebrada Blanca (in exchange for 30% of the company) for the development and construction of the Quebrada Blanca Phase II project. Previously, he advised Teck Resources on a USD3.5 billion joint venture with Goldcorp to combine its Chilean assets, Relincho and El Morro respectively, into the New Union Project. Previously, on the acquisition of 13.5% stake in Quebrada Blanca from Grupo Hurtado.
  • Falabella on several operations, such as the issuance and placement in the international markets (144A/Reg. S) of a bond for approx. USD650 million; a capital increase of Falabella and secondary shares offering in the local and international markets (144A / Reg. S) for a total of USD800 million. Also, on the sale of Viajes Falabella to for USD27 million and several reorganizations (split-up and mergers) of Falabella's subsidiaries.
  • Asset AGF on the organization of Rentas Industriales Asset DLS Investment Fund and acquisition by the latter, of the warehouse center Bodepark to BCI Rentas III and Inversiones Los Valles for approx. USD14 million.
  • BlackRock on capital markets regulatory matters and the offer and distribution of its products in Chile.


  • Recognized in Corporate and M&A, and Capital Markets, Chambers Latin America and Chambers Global.
  • Recognized in Corporate and M&A, The Legal 500.
  • Recognized in Corporate and M&A, Capital Markets, Mining & Metals and Private Equity, Latin Lawyer 250.
  • Recognized in M&A, Capital Markets and Private Equity, IFLR1000.
  • Recognized in M&A and Corporate Governance, Who’s Who Legal.
  • Recognized in Corporate and M&A, LACCA.
  • Recognized in Capital Markets, Corporate and M&A, Corporate Governance and Compliance, Investment, Private Equity and Venture Capital, Best Lawyers.
  • Recognized in Corporate M&A and Capital Investment: Start-ups & Innovation, Leaders League.
  • Recognized in Capital Markets, Leading Lawyers, Idealis - Legal Recruitment.
  • Recognized in Capital Markets and Corporate and M&A, Top Ranked Legal.
  • Named Lawyer of the Year in Private Equity, Best Lawyers (2020).
  • Recognized as Lawyer of the Year in Investment Funds, Leading Lawyers (2014).


  • Member of the Latin American Private Equity & Venture Capital Association (LAVCA).
  • Member of the International Section and Latin America Council of the New York State Bar Association.
  • Member of the Aliança de Advocacia Empresarial (ALAE).
  • Professor of Mergers & Acquisitions, Universidad Los Andes (since 2017).
  • Professor of the Degree in Compliance and Corporate Governance, Universidad Católica de Chile (since 2017).
  • Member of the Commission for the new Commercial Regulation in Chile (2016-2017).
  • Writing advisor for the regulation of the Law 20,659: "Companies incorporated in one day" for the Ministry of Economy, enacted in 2013.
  • Writing advisor of the bill project for the New Regulation on Corporations for the Ministry of Finance, enacted in 2012.
  • Professor of Mergers & Acquisitions, Universidad Adolfo Ibáñez (2009-2015).
  • Foreign associate, Corporate Group, Pinheiro Neto Advogados, Sao Paulo (third quarter of 2006).
  • Foreign associate, M&A Group, Skadden, Arps, Slate, Meagher & Flom, New York (2005-2006).
  • Professor of Commercial Law and Corporations, Universidad Alberto Hurtado (2004-2011).
  • Member of the Chilean Bar Association.
  • Member of the International Bar Association.


  • Periodic opinion columnist on private equity and venture capital, Revista Industria Legal.
  • Co-author of the Chilean chapter "Alternative Investment Funds", ICLG (2021 and 2022).
  • Co-author of the Chilean chapter "ESG and Impact Investing", Lexology Getting the Deal Through (2021, 2022 and 2023).
  • Co-author of "Proposal to Facilitate the Merger of Chilean Companies into a Foreign Company", Estudios de Derecho Comercial en Sextas Jornadas Chilenas de Derecho Comercial, Ediciones UC (2017).
  • Co-author of the Chilean chapter in Private Equity, Getting the Deal Through (2017).
  • Co-author of "Transactions with related parties in public corporations", Actualidad Jurídica, year XVI, N°31, Universidad del Desarrollo (2015).
  • Co-author of the Chilean chapter in Mergers & Acquisitions, Getting the Deal Through (2009-2013).
  • Co-author of the Chilean chapter in Securities World, The European Lawyer, London (2007).
  • Co-author of the Chilean chapter in Directors’ Liability: A Worldwide Review, Kluwer Law International, Netherlands (2006).
  • Co-author of the Chilean chapter in International Stock Purchase Acquisitions, American Bar Association, Chicago (2006).
  • Co-author of the Chilean chapter in Merger Control Worldwide, Cambridge University Press, Cambridge (2005).


  • Frequent panelist in legal seminars and conferences in Chile and abroad.


  • Law, Universidad de Chile (Summa Cum Laude).
  • Master in Securities and Financial Regulation, Georgetown University Law Center (2002).


  • Chile (2001).


  • Spanish.
  • English.
  • Portuguese.

Follow us in Wechat Síguenos en Instagram Síguenos en YouTube