SK Capital investment ties up 17 LatAm firms
US private equity firm SK Capital’s acquisition of three businesses from Swiss chemicals company Clariant, which was finalised earlier this month, drew on counsel from eight jurisdictions across Latin America.
The private equity firm purchased the trio from Clariant for US$471 million, with global investment banking firm Jefferies Finance acting as lender.
SK Capital was advised by Brons & Salas in Argentina, Carey in Chile, Lloreda Camacho & Co Attorneys in Colombia, both the Guatemalan and Honduran offices of Consortium Centro América Abogados, Creel, García-Cuéllar, Aiza y Enriquez SC in Mexico, Gallo Barrios Pickmann in Peru and Rodríguez & Mendoza in Venezuela, as well as Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados in Brazil, Morgan, Lewis & Bockius LLP in the US and Swiss firm Bär & Karrer AG, as reported earlier by Latin Lawyer.
Argentine firm Marval, O'Farrell & Mairal, Claro y Cía in Chile, Brigard & Urrutia Abogados in Colombia, Ritch, Mueller, Heather y Nicolau, SC in Mexico and Rodrigo, Elías & Medrano Abogados in Peru advised Jefferies Finance, alongside Brazil’s Machado, Meyer, Sendacz e Opice Advogados. It is also thought that Shearman & Sterling LLP was part of the team advising the investment bank, which it has worked with in the past, although it could not be confirmed before publication.
The seller received counsel from Brazil’s Demarest Advogados, Chile’s Yrarrázaval, Ruiz-Tagle, Goldenberg, Lagos & Silva Abogados, Colombia’s Posse Herrera Ruiz and Switzerland’s Homburger AG.
One of the three companies sold, Emulsions, is headquartered in São Paulo with production sites located in Argentina, Chile, Mexico and Venezuela. Clariant also sold its Singapore and Switzerland based Textile Chemicals and Paper Specialties, which operate in Latin America. Under the terms of the deal all three will merge to create a collaborative new company called Archroma.
Counsel to SK Capital
Brons & Salas
Partner Leandro Caceres in Buenos Aires
Partner Felipe Moro, director Paulina Miranda and associates Manuel José Garcés and Sebastián Monge in Santiago
Lloreda Camacho & Co Attorneys
Partner Santiago Gutierrez and associate Nadia Sanchez in Bogotá
Consortium Centro América Abogados - Guatemala
Partner Alvaro Rodrigo Castellanos and associate Lourdes Leal in Guatemala City
Consortium Centro América Abogados - Honduras
Partner Oscar Armando Manzanares and associate Patricia Solorzano in Tegucigalpa
Creel, García-Cuéllar, Aiza y Enriquez SC
Partner Carlos del Río and associates Andrés Corcuera, Pedro Velasco, Michelle Ronay, Alejandro Isaac and Alfonso Pulido in Mexico City
Gallo Barrios Pickmann
Partner Manuel Barrios in Lima
Rodríguez & Mendoza
Partner Reinaldo Hellmund and associate Miguel Velutini in Caracas
Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados
Partners Pablo Sorj and Giovani Loss and associates Felipe Gibson, Felipe Feres, Luana Ribeiro and Larissa Toledo in Rio de Janeiro and partner Marcelo Paolini and associate Alexandre Mello in São Paulo
Morgan, Lewis & Bockius LLP
Partner Steven Cohen in Princeton, partner Peter Phleger in San Francisco and partners Richard Petretti and Richard Zarin in New York
Bär & Karrer AG
Partner Daniel Bader in Zurich
Counsel to Clariant
Posse Herrera Ruiz
Partner Jaime Herrera and associates Valentina Marín and Juan Becerra in Bogotá
Yrarrázaval, Ruiz-Tagle, Goldenberg, Lagos & Silva Abogados
Partner Gerardo Ovalle and Associates Fernando Salas, Sebastián Ferrer, Alejandra Corvalán and Raimundo Camus in Santiago
Partners André Alarcon, Claudia Maluf, Eloisa Curi and Adriana Chakour and associates Fernando Fracari Vargas and Max Hasimoto in São Paulo
Associates Mario Waelti, Daniel Hasler, Matthias Maurer in Zurich
Counsel to Jefferies Finance
Brigard & Urrutia Abogados
Partners Sergio Michelsen and Carlos Fradique and associates David López and Angela Botía Flórez in Bogotá
Claro y Cía
Partner Hernan Felipe Valdes in Santiago
Ritch, Mueller, Heather y Nicolau, SC
Partner Carlos Obregon and associates Joshua Parraga and Santiago Carrillo in Mexico City
Rodrigo, Elías & Medrano Abogados
Partner Fernando Molina and associate Alvaro Carrasco in Lima
Marval, O'Farrell & Mairal
Partner Gabriel Gotlib and associate Pablo Gayol in Buenos Aires
Machado, Meyer, Sendacz e Opice Advogados
Partners Silvia Fiszman, Fabio Falkenburger and José Prado and associates Luís Filipe Gentil Pedro and Carolina Paiva Zanolo in São Paulo