Buk. Asset acquisition in Control It

1.      Deal Description

Guerrero Olivos represented HR software developer, Buk SpA. in the acquisition of the assets owned by Control It. This acquisition will improve and broaden the services rendered by Buk to its clients including control clock systems to their platform.

Our venture capital, M&A and tax teams worked in the transaction, including the corporate and tax definition and payment structure, which included both cash payment and share contribution with additional future price adjustments, subject to meeting certain criteria.

2.      Counsel list

Counsel to Buk: Guerrero Olivos

Leading associate: Francisca Martínez

Leading partner: Alejandro Chechilnitzky

Partners: Benjamín Pérez and Pedro Lyon

Associates: Jaime Antoñanzas, Pablo Escobar, Juan Luis Vial and Florencia Cortés

3.      Date of closing

11/08/2021

4.      Deal Value

Confidential

5.      Jurisdictions involved

Chile