Beccar Varela advised IDB Invest on a corporate finance transaction amounting up to USD 14,200,000 granted to the Brazilian and Chilean subsidiaries of Promedon Group, Promedon Do Brasil Produtos Médico-Hospitalares Ltda. and Productos Médicos Promedon Chile S.A., as co-borrowers.
The financing had a corporate guarantee from its parent company in Spain, Promedon Life Sciences Holdings S.A., as well as real estate and corporate guarantees from its subsidiary in Argentina, Promedon S.A. Additionally, Productos Médicos Promedon Chile S.A. provided a bank account pledge and will grant a real estate guarantee.
The financing consists of a medium-term loan aimed at developing new medical products and equipment, including clinical trials and product registration in several markets. The first disbursement took place on December 20, 2024.
Counsels to IDB Invest
Argentina: Beccar Varela – Partner Pablo Torretta; associates Gonzalo Ochoa and Franco Montiel.
Brazil: Dias Carneiro Advogados – Partners Thiago Vallandro Flores and Gustavo Junqueira; associates Fernanda Savorelli Melhem and Cecilia Vecchi.
Spain: DLA Piper Spain, S.L.U – Partner Cesar Herrero; associate Sara Espina.
Chile: Dentons – Partner Felipe Rencoret; associates Ana Azócar and Patricio Tellez.
Lead In-House Counsel: Patricia Toledo.
Counsels to Promedon
Brazil: Novaes & Roselli – Partner Luiz Roselli Neto.
Argentina: Bruchou & Funes de Rioja – Partner José María Bazán; associates Juan Rosatto and Quimey Waisten.
Spain: Deloitte Spain – Partner Agustin del Río Galeote.
Chile: Montes Olivos Eyzaguirre Arostegui – Partner Pedro Alberto de la Cuadra.·