IACSA. Carozzi Group. Capital Increase

1.      Deal Description

Guerrero Olivos represented publicly traded corporation Inversiones Agrícolas y Comerciales S.A. (“IACSA”), the agribusiness arm of the Carozzi Group, a leading food & beverages producer in Chile, Argentina and Perú, in a USD12 million capital increase.

The purpose of this transaction was to finance the company’s business plan to continue developing agricultural activities and make them compatible with the new hydric and climate change problems that currently affect our country.

Our corporate and capital markets teams assisted IACSA in preparing and drafting all the necessary corporate documents and acts to carry on the capital increase along with the registration of the new shares with the Financial Market Commission (Chilean securities regulator) and further placement of them among the shareholders of the company.

We highlight this work due that it was executed within the new rules issued by the Financial Market Commission to simplify the registration process arising from a capital increase.

2.      Counsel list

Counsel to IACSA: Guerrero Olivos (Corporate/M&A and capital markets teams)

Partner: Jorge Delpiano

Senior associate: César Gálvez

Associate: Josefina Sánchez

3.      Date of closing

July 9, 2021

4.      Deal Value

USD12 million

5.      Jurisdictions involved