Bicentenario Capital, LLC. International sale of its stake in KOI Global, LLC
1. Deal Description
Guerrero Olivos represented Bicentenario Capital, LLC, a real estate developer for retail and services projects with investments in Chile and United States, in the sale of its participation in KOI Global, LLC, an international company from the beverages industry and owner of a well-known spirits trademark.
Our corporate/M&A team was in charge of the whole transaction, which was implemented through several convertible notes subject to diverse conversion events. Our team worked in the negotiation with the shareholders and the company and the drafting of the agreements (including local documentation and other governed under the laws of the State of Florida, USA) and in the execution of the sale which successfully closed on August 10, 2020.
Relevance to this transaction is that it was a complex process due that it was negotiated and closed during the pandemic.
2. Counsel list
Counsel to Bicentenario Capital, LLC: Guerrero Olivos
Partner: Macarena Ravinet
Associate: Tomás Montes
Counsel to KOI Global, LLC: Pag Law US.
Partner: Lizbeth Flores
3. Date of closing
4. Deal Value
5. Jurisdictions involved
Chile and USA (Florida)