Jaime Coutts
Associatejcoutts@carey.cl
+56 2 2928 2215
His practice focuses on mergers and acquisitions, securities, corporate and commercial law, international trade, capital markets, foreign investment and general practice.
REPRESENTATIVE EXPERIENCE
- Hapag-Lloyd, a German listed company and global leader in container shipping, on the acquisition, for approx. USD1 billion, of the port terminals and inland logistics business of SAAM, a Chilean listed multinational company that provides foreign trade services. Hapag-Lloyd acquired the entire operation of the port terminals business of SAAM, which includes 10 terminals in six countries in the Americas, and of the inland logistics business of SAAM.
- Qatar Airways, as shareholder and lender, on the LATAM Airlines reorganization process under Chapter 11 rules in the Bankruptcy Court of New York, including the negotiation and execution of two debtor-in-possession (DIP) financings. The process ended with a successful emergence of LATAM Airlines after securities issuances and debt contracting for a total of USD13.2 billion, remaining as a relevant shareholder.
- DaVita on the acquisition of the Chilean dialysis business of Fresenius Medical Care for USD63 million approx. DaVita is a US listed company leading in kidney dialysis services, and Fresenius Medical Care is a dual US/German listed company that provides renal diseases services.
- MetLife Chile on the renewal for 15 years of its strategic alliance of the bancassurance business of life insurance with Banco del Estado de Chile. The transaction included the sale of 49.9% of BancoEstado Corredores de Seguros, owned by MetLife Chile, to Banco del Estado de Chile for approx. USD28 million.
- BlackRock, the world's largest asset manager, on the acquisition of a portfolio of 46 photovoltaic projects (PMGD) that is projected to reach a total a capacity of up to 435MW through an investment for up to USD200 million, becoming one of the largest portfolios of distributed energy in the country.
- Mountain Capital Partners, the largest ski resorts owner and manager of the southwest of the United States, on its controlling investment in Valle Nevado, one of the largest ski resorts in South America. The acquisition was made in the context of the reorganization plan of Valle Nevado.
- Goldman Sachs, as the sole global coordinator, bookrunner, initial purchaser and commitment provider, on a USD489 million zero coupon senior secured notes issuance due 2028 issued by Chile Electricity PEC SpA under Rule 144A/Reg S of the United States Securities Act of 1933. The funds from the placement were used to purchase certain credits from the main electricity generation companies originated by the implementation of the temporary rate stabilization mechanism established by Law No. 21,185.
- Globo Comunicação e Participações, a subsidiary of Grupo Globo, the largest media group in Brazil, on the issuance of bonds in the international market for USD500 million under Rule 144A/Reg S, and on a concurrent bonds tender offer for its senior notes due 2022 using the proceeds of the debt offering (Debevoise & Plimpton).
AWARDS AND RECOGNITIONS
- Recognized in Corporate and M&A, Best Lawyers.
ACTIVITIES AND MEMBERSHIPS
- Autonomous Director, Administradora de Fondos de Cesantía de Chile (2022).
- International Associate, Debevoise & Plimpton, New York (2019-2020).
- Teaching Assistant of Commercial Law, Universidad Católica de Chile (2015-2018).
- Teaching Assistant of Economic Law, Universidad Católica de Chile (2009-2014).
- Teaching Assistant of History of Law, Universidad Católica de Chile (2009-2011).
- Member of the Chilean Bar Association.
PUBLICATIONS
- Co-author of the Chilean chapter of the Foreign Direct Investment Guide, IBA (2022).
- Co-author of the Chilean chapter of the Negotiated M&A Guide, IBA (2022).
- Co-author of "The International Bar Association Company Director Checklist - Chile" (2022).
- Co-author of the article "PIPEs in Chile: Current situation and some ideas that could promote their development", Abogados.com.ar (2021).
- Co-author of the IBA Report on the Future of Work, IBA (2019).
SEMINARS
- Speaker in corporate governance matters in the International Program of Companies' Female Directors organized by Women Board Up and the Innovation Center UC Anacleto Angelini (2024 and 2023).
EDUCATION
- Law, Universidad Católica de Chile (Magna Cum Laude).
- Exchange Student, University College Dublin, Ireland (2013).
- LL.M., The University of Chicago (2019).
- Degree in Capital Markets Law, Universidad de Chile (Summa Cum Laude) (2020).
ADMISSIONS
- Chile (2015).
LANGUAGES
- Spanish.
- English.
