Alejandra Daroch
Partneradaroch@carey.cl
+56 2 2928 2231
Partner of Carey and co-head of the firm’s Corporate / Mergers & Acquisitions / Banking & Finance / Insolvency, Bankruptcy and Restructuring / Capital Markets Groups. Her practice focuses primarily on advising international and local clients in mergers and acquisitions, including negotiated transactions, auction processes, mergers, joint ventures, private equity, securities and debt offerings, distressed mergers and acquisitions and debt restructurings, derivatives and on the financing and development, representing both banks and financial institutions and debtors.
REPRESENTATIVE EXPERIENCE
- Alfanar Energía on the association with Copenhagen Infrastructure Partners, as a majority shareholder, and Inversiones Albatros, as a minority shareholder, for the joint development, through the local company Llaquedona Green Hydrogen, of a green hydrogen project in Tierra del Fuego, Magallanes, with an envisaged annual production of 1,000 kTon of green ammonia. The project includes a 2GW wind farm and an electrolysis and desalination plant.
- Sonnedix, on the acquisition of the ARCO renewable energy portfolio, which is comprised by “El Arrayán” operating wind farm, its expansion under development “Carica”; “Conejo” operating photovoltaic power plant, its expansion under development “Librillo”; 13 small distributed generation projects (PMGDs) under operation; “Don Goyo” substation; and a battery energy storage system (BESS), with an aggregate installed capacity of approx. 500 MW, located in different regions of Chile. The transaction also included the mandatory merger control procedure before the National Economic Prosecutor's Office (FNE), which was approved by the FNE without remedies in Phase 1.
- Equinix, a US multinational company and the world's largest data center and colocation infrastructure provider, on the acquisition of Entel’s data center business in Chile and Peru for approx. USD703 million.
- Capstone Mining, a Canadian copper and silver producer, on a USD3.3 billion joint venture with Mantos Copper, which will operate the Chilean mining projects Mantoverde, Mantos Copper and Santo Domingo. This operation was recognized as "Deal of the Year" by Legal 500.
- Desarrollo País (Fondo de Infraestructura), a Chilean State corporation, on a strategic alliance with Google, through a special purpose vehicle in charge of managing the capacity of Humboldt's submarine cable system that will connect Chile and Sydney, via French Polynesia.
- Mitsubishi Corporation, through its subsidiary M.C. Inversiones, on the off-exchange sale of a 6,77% stake in CAP, a Chilean publicly held corporation and leading iron ore producer in the America Pacific Coast, to Invercap.
- State Grid International Development (SGID) on the acquisition of the 100% interest of Sempra Energy in Chilquinta Energía and its energy transmission and distribution subsidiaries, Tecnored, an electric construction and infrastructure services company; and a 50% interest of Chilquinta in Eletrans power transmission companies for USD2.5 billion. The advice involved the due diligence, bid preparation, negotiation of the respective purchase agreement and the merger control filing before the Chilean antitrust authority. Additionally, Chilquinta acquired the remaining 50% interest in Eletrans from Sociedad Austral de Electricidad (SAESA), giving SGID the control of Tecnored and Chilquinta, with its assets and subsidiaries, including the Eletrans companies.
- Masisa on the sale process of all the forestry assets owned by its subsidiary Masisa Forestal to Forestal Tregualemu, a company wholly owned by GFP Chile Timberland Holdings, for USD350 million. The advice involved assistance on the private bidding, negotiation of the respective asset purchase agreement and completion of the conditions precedent for closing, including the mandatory approval from Masisa’s shareholders. The transaction also included a long-term supply contract between Forestal Tregualemu and Masisa for the supply of forest products for the latter's industrial operations.
- Banco de Crédito e Inversiones (BCI) on the acquisition process through its subsidiaries City National Bank of Florida (CNB) and BCI Financial Group of the Miami based corporations Executive Banking Corporation and Executive National Bank.
- Mesoamerica, a leading M&A advisory and private equity firm in Latin America focused on Central America and the Andean Region, on the due diligence process and acquisition of a majority stake of Unifood, a leading group in the Chilean fast-food industry. Unifood owns and operates the brands Pedro Juan & Diego, Pollo Stop, Fuente Nicanor and XS Market, with more than 120 stores in Chile.
- Danone, a French multinational food company, on the sale of 100% shares of the local dairy products subsidiary Danone Chile to Watt’s, a Chilean listed company.
- Pacific Hydro on the project financing, development and construction of its hydropower projects Hidroeléctrica La Higuera, La Confluencia and Chacayes in Chile for approx. USD800 million and a total installed capacity of 420MW.
- Alicorp on the acquisition of Salmofood (currently Vitapro Chile), a Chilean company dedicated to the production and commercialization of fish food, and its subsidiary Cetecsal for USD62 million.
AWARDS AND RECOGNITIONS
- Recognized in Corporate and M&A, Chambers Latin America.
- Recognized in Corporate M&A; Bankruptcy, Insolvency and Restructuring; and Capital Markets, Legal 500.
- Recognized in M&A and Banking, IFLR1000.
- Recognized in Banking and Finance, Capital Markets and Private Equity, Best Lawyers.
- Recognized in Corporate M&A, Banking and Finance, Restructuring and Insolvency, and Fintech, Leaders League.
- Recognized in Finance, Leading Lawyers.
ACTIVITIES AND MEMBERSHIPS
- Member of the NextGen Advisory Committee, Terralex.
- Member of the Expert Female Lawyers Guide, prepared by Colegio de Abogados de Chile (Chilean Bar Association).
- Member of the Chilean Bar Association.
PUBLICATIONS
- Co-author of the Chilean chapter, The Year in Review, International Law Section, American Bar Association (ABA) (2020, 2021, 2022 and 2023).
- Co-author of the Chilean chapter in ICLG - Derivatives, Global Legal Group (2020).
RELATED AREAS
EDUCATION
- Law, Universidad de Chile.
- Mergers and Acquisitions Program, UC Berkeley Extension, California (2013).
- Degree in Tax Analysis and Planning, Universidad Católica de Chile (2016).
ADMISSIONS
- Chile (2007).
LANGUAGES
- Spanish.
- English.
