Pablo Iacobelli

+56 2 2928 2215

Partner of Carey and co-head of the firm’s Corporate / Mergers & Acquisitions Group. His practice is focused on the areas of corporate law, mergers and acquisitions, securities, agribusiness, insurance and foreign investment.


  • CVC Capital Partners on the local aspects of the acquisition of a 20% stake in Gas Natural Fenosa, owned by Repsol, a Spanish oil and gas company for USD4.7 billion (globally).
  • Salmones Camanchaca, a subsidiary of Compañía Pesquera Camanchaca, a Chilean publicly held corporation dedicated to the breeding, production, commercialization and export of salmon and trout, on a due diligence for its simultaneous IPOs in the stock exchanges of Oslo and Santiago.
  • Yanghe, a subsidiary of the state-owned chinese group Jiangsu Yanghe Distillery, on the acquisition of a 12,5% stake of Viña San Pedro Tarapacá, a Chilean listed company, for approx. USD65 million.
  • Kenon Holdings, IC Power’s subsidiary, on the local aspects of the sale of its operations in Bolivia, Chile, Dominican Republic, El Salvador, Guatemala, Jamaica, Nicaragua, Panama and Peru to I Squared Capital, for USD1.2 billion.
  • General Electric on the local aspects of the sale of GE Water to Suez, a French water treatment company, for USD3.4 billion. The transaction consisted on a joint venture between Suez and Canadian fund Caisse de dépôt et placement du Québec (CDPQ), with 70% and 30% stake, respectively.
  • The Warranty Group, leading provider in the market of protection plans and extended warranties, on the local aspects of the merger with Assurant, global provider of risk management and insurance solutions. The transaction was valued at approx. USD2.5 billion and its closing is expected for 2018, subject to regulatory and shareholder approvals.
  • Qatar Airways on the acquisition of a 10% stake of LATAM Airlines Group through the subscription of a USD608 million capital increase.
  • 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.
  • AFP ProVida, the largest pension plan manager in Chile, on the merger between AFP ProVida and MetLife.
  • Inabata America Corporation, a Japanese trader, on the acquisition of 33.34% of shares of Agrícola e Industrial El Boldo, owned by Algerton Corp., company dedicated to the production, marketing, sale and worldwide distribution of blueberries.
  • Altor and Bain Capital, global private equity funds, on the sale of EWOS, world leader in the production of fish food, to Cargill for USD1.35 billion.
  • Team Foods, a Colombian business group, on the acquisition of BredenMaster, Chile´s frozen pre-baked bakery products and pastries market leader, as well as BredenMaster Perú and Distribuidora de Productos Alimenticios Los Guindos.
  • Ferrero Group, Italian agribusiness conglomerate, global leader in the production of  branded chocolate and confectionery products, on the acquisition of Hazelnut farmland in Chile.
  • EWOS, a Norwegian fish food supplier for the aquaculture industry, on the acquisition of the Chilean fish farming company Nova Austral and its subsidiary Comercial Austral for USD183 million. The acquisition of Nova Austral was done under the bankruptcy of its controlling shareholder Acuinova.
  • Hapag Lloyd on the contribution and combination of Compañía Sud Americana de Vapores’ container shipping business into H-L, which thus became the fourth largest shipping company in the world, with approx. USD12 billion in combined annual sales.
  • Danaher Corp on the acquisition of Ingeniería y Procesos, holding company of Aguas Industriales (Aguasin) and Termodinamica.
  • Penguin Random House on the local aspects of the acquisition of Santillana, a trade book business of Spanish and Portuguese language, across 15 jurisdictions.
  • Porsche Holding, a member of the Volkswagen Group, on the acquisition of the wholesale business for Volkswagen, Audi, Skoda and MAN vehicles in Chile.
  • Liberty Global on the acquisition of 20% stake of VTR, leader in the telecommunications business in Chile, for approx. USD418 million, thus becoming the 100% owner of VTR.
  • Inkia Energy, a subsidiary of Israel Corp., on the USD77 million acquisition of a 92.8% stake in the Central Tierra Amarilla, thermoelectric generator plant, from private equity fund Southern Cross Group.
  • Grupo Casa Saba, a Mexican retail pharmacy holding, on its acquisition through a tender offer, of the Chilean pharmaceutical chain Farmacias Ahumada for approx. USD465 million.
  • Camil Alimentos, a Brazilean company and one of the leading food corporations in Latin America, on the acquisition of Empresas Tucapel, Chile’s largest rice producer and distributor.
  • MetLife on the local aspects of the global acquisition of American Life Insurance Company (ALICO), a subsidiary of AIG, for approx. USD16.2 billion.
  • VTR, one of Chile’s largest telecom companies and subsidiary of LibertyGlobal, on the closing of a joint venture with Turner Broadcasting System for the creation of CNN Chile.
  • MetLife on the formation of a bancassurance joint venture with BancoEstado, bank owned by the State of Chile.


  • Recognized in Corporate and M&A, and Insurance, Chambers Latin America.
  • Recognized in Corporate and M&A, Legal 500.
  • Recognized in Corporate and M&A, Latin Lawyer 250.
  • Lawyer of the Year Award in Insurance, Best Lawyers (2014).
  • Recognized  in Corporate and M&A, LACCA.
  • Recognized in Corporate and M&A; Investment; Corporate Governance; Insurance; Private Equity; Banking and Finance and Project Finance and Development, Best Lawyers.
  • Recognized in Corporate and M&A, Who’s Who Legal.


  • Director of World Services Group.
  • Officer of the Corporate and M&A Committee, IBA.
  • Past Chair of the Latin America Regional Forum, IBA.
  • Member of the International Bar Association (IBA).
  • Member of the Chilean Bar Association.
  • Foreign Associate, Simpson Thacher & Bartlett LLP, New York (1998).


  • Author of numerous legal publications, including the Chilean chapter of Getting the Deal Through – Mergers & Acquisitions (2009-2013).


  • Frequent lecturer in legal seminars, meetings and conferences both in Chile and abroad.


  • Law, Universidad Católica de Chile.
  • LL.M., Duke University (1994).


  • Chile (1991).


  • Spanish.
  • English.

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