Ignacio Alfaro


+56 2 2928 2232

His practice focuses on representing Chilean and foreign clients on the acquisition and sale of public and private companies, mergers, private equity and venture capital transactions, capital markets and corporate and commercial matters in general.

He previously worked as a member of Carey's Energy Group and his practiced focused on the development of renewable energy projects and natural resources transactions.


  • Mainstream Renewable Power on the implementation of the financial restructuring of its portfolios of ten non-conventional renewable energy generation projects "Huemul" (630MW), "Cóndor" (591 MW) and "Copihue" (148.5 MW), financed under a project finance structure with several banks syndicates and the renegotiation of a Mezzanine financing granted in connection thereto; all of the above as part of the Chilean reorganization processes initiated by Cóndor Energía and Huemul Energía, and under the Chapter 11 process initiated in the United States against certain affiliates of MRP by one of its creditors.
  • Patria Investments on the Chilean aspects of the sale of its controlling interest (90%) of its ODATA subsidiaries in Latin America (Brazil, Chile, Colombia, Mexico and Uruguay). The transaction was governed by New York law and involved the coordination of different legal advisors for each of the parties, Patria and Cyrus One, as sellers, and Aligned Data Centers as buyer. Additionally, the sale was conditional on the pre-payment of the senior, VAT and bridge loans of which ODATA was a borrower, which also involved the coordination of the different advisors of the financial institutions involved.
  • Andes Mining & Energy Corporate (AME) on the indirect sale of part of its stake in Generadora Metropolitana to Fondo de Inversión CMB-LV Infraestructura III. The advice included a shareholders' agreement to regulate, among other matters, eventual increases in the participation of CMB.
  • IFC and Calverton on the negotiation of an amendment to the existing Put Option Agreement among them and the controlling shareholders of Consorcio Financiero and the sale of 50% of IFC's and Calverton's shareholdings in Consorcio Financiero.
  • Celeo Redes and APG Energy & Infra Investments on the acquisition of 100% of Colbún Transmisión, a Colbún subsidiary and one of the largest transmission companies in Chile for approx. USD1.3 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. Additionally, on the acquisition of 100% of Transmisora Eléctrica de Quillota, a joint venture of Colbún and Enel for approx. USD27 million and on the financing of the acquisition through a bridge loan from foreign banks.
  • Falabella on the issuance of bonds in the international market for USD650 million under Rule 144A/Reg S, and on a concurrent bonds tender offer for its senior notes due 2023 and 2025 using the proceeds of the debt offering. In addition, on the sale of Viajes Falabella to Despegar.com in Chile, Colombia, Perú and Argentina for USD27 million, including a long-term commercial alliance, the promotion and incentive of the financial products and loyalty program.
  • Credicorp Capital, through a USD27 million investment fund, on a joint venture with Maestra to develop residential real estate projects in Santiago.
  • Teck Resources and its subsidiary Teck Resources Chile on a joint venture with Sumitomo for the acquisition of 30% of Compañía Minera Quebrada Blanca for USD1.2 billion, for the development and construction of Quebrada Blanca Phase II project.


  • Best Pro Bono Coordinator Award, Fundación Pro Bono (2014).


  • Professor of the Commercial Law Department, Universidad Católica de Chile (since 2021).
  • Foreign Associate, Project Finance Practice, Norton Rose Fulbright (formerly Chadbourne & Parke), Washington D.C. (2017-2018).
  • Carey’s Pro Bono Work Coordinator (2014-2016).
  • Teaching Assistant of Commercial Law, Universidad Católica de Chile (2010-2016).
  • Law Clerk of the Natural Resources, Energy and Environment Group, Carey (2009-2011).
  • Teaching Assistant of Economic Law, Universidad Católica de Chile (2008-2016).
  • Member of the Chilean Bar Association.


  • Co-author of "Energy Storage in Latin America and the Caribbean", Project Finance News Wire, Norton Rose Fulbright (2018).
  • Co-author of "Alternative Solutions to Reduce the Banking Spread. Economic Analysis", Law and Humanities Magazine (2010).


  • Law, Universidad Católica de Chile.
  • LL.M., Columbia University (Harlan Fiske Stone Scholar), New York (2017).


  • Chile (2013).


  • Spanish.
  • English.

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