Patricia Silberman
Partnerpsilberman@carey.cl
+56 2 2928 2224
Partner of Carey and co-head of the Corporate / Mergers & Acquisitions and Capital Markets groups. Her practice focuses on mergers and acquisitions, corporate transactions, global finance, securities, capital markets and international trade.
REPRESENTATIVE EXPERIENCE
- Loginsa on the sale of 100% of its shares to Grupo Ransa. Ransa is one of the leading 3PL logistics operators in Latin America, with operations in more than 10 countries from Mexico to Chile, whose controller is the investment fund H.I.G. Capital, a leading global alternative investment firm managing a USD60 billion equity capital. Loginsa is a leading 3PL logistics company in Chile, operating retail and industrial, cold and frozen, pharma, transportation and e-commerce businesses.
- Similarweb, an Israeli based company listed in the New York Stock Exchange (NYSE) on the acquisition of 100% of the shares of Admetricks, a leading company in digital analytics, data processing and advertising and marketing intelligence services (SaaS) in Latin America.
- 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.
- Grupo Axo on the acquisition of 100% of the shares of Komax. Grupo Axo is a leading Mexican retail company in the apparel and fashion industry and represents brands such as Abercrombie & Fitch, Bath & Body Works, Calvin Klein, Crate & Barrel, Guess, Nike, Tommy Hilfiger, and Victoria's Secret, among others. Komax is a Chilean company that represents major brands in the retail industry in Chile, Peru and Uruguay, such as The North Face, GAP, Banana Republic, Brooks Brothers, among others. Upon closing, Grupo Axo will acquire the entire operation of Komax in these countries.
- OMERS Infrastructure Chile Holdings I and Enagás Chile on the sale of 80% of their shareholding in GNL Quintero to EIG Global Energy Partners and Fluxys for USD1,165 billion.
- Liberty Latin America (LLA) on the merger with América Móvil (AMX) in order to combine their respective Chilean operations, VTR and Claro Chile, through a 50:50 joint venture agreement. VTR is a leading provider of high-speed fixed products, such as broadband and paid TV services, with approx. 3 million subscribers nationwide, and Claro is a leading telecommunications service provider, with more than 6.5 million mobile customers. This JV creates a greater scale business and product diversification with a capital structure that enables a significant investment for fixed fiber footprint expansion and a forefront 5G mobile delivery.
- Ambipar on the acquisition of 100% of Disal, a Chilean environmental management company, through the acquisition of the Chilean company Disal Ambiental Holding and its subsidiaries in Chile, Peru, Paraguay and Uruguay. Also, on the acquisition of 100% of the Chilean company, Inversiones Disal Emergencias, consolidating a 100% of the ownership of Suatrans.
- Falabella on the issuance and placement of a ten-year bond for USD650 million in the international markets, under Rule 144A and Reg. S of the 1933 Securities Act of the USA, at a rate of 3.477%. Part of the proceeds were used to cover the buyback for cash (tender offer) of a percentage of two series of the issuer's international notes maturing in 2023 and 2025, respectively.
- 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 under Rule 144A/Regulation S of the United States Securities Act of 1933. The proceeds were used by Chile Electricity PEC to purchase certain receivables from the main energy generation companies in Chile originated under Law No. 21,185, which temporarily stabilized the electricity tariffs.
- Goldman Sachs and Citigroup, as bookrunners and initial purchasers, on a USD403 million senior secured notes issuance due 2033 by Inversiones Latin America Power, under Rule 144A/Regulation S of the United States Securities Act. The proceeds were used to refinance a previous private offering under Rule 4(a)(2) of the United States Securities Act.
- Falabella on a capital increase and secondary shares offering for a total of USD800 million, of which USD380 million were newly issued shares and USD160 million were secondary shares. The shares were placed through a public auction on the Santiago Stock Exchange, also involving an international private placement (144A/Reg. S).
- Enel on the reorganization of its companies in Chile, including the merger of Enel Green Power Latin America, Chilean subsidiary of renewable energy, into Enel Chile, Chilean subsidiary holding conventional energy assets, together with a tender offer of the latter over Enel Generación Chile.
- Eletrans on an international private offering of notes under rule 4(a)(2) of the Securities Act of 1933, targeted at institutional investors, for USD180 million at an interest rate of 4.06% and due 2037.
AWARDS AND RECOGNITIONS
- Recognized as Women Leader, IFLR1000 (2021 and 2022).
- Recognized in Corporate and M&A, The Legal 500.
- Recognized in Corporate and M&A, Latin Lawyer 250.
- Recognized in Capital Markets: Debt and Equity; and M&A, IFLR1000.
- Recognized in Capital Markets, Corporate, Mergers and Acquisitions and Private Equity, Best Lawyers.
- Recognized in Corporate M&A, Leaders League.
- Recognized in Corporate M&A, Top Ranked Legal.
- Lawyer of the Year, Chambers Women in Law Awards (2018).
- Alvaro Puelma Accorsi Award for the publication of the best work in Private Law (2007).
ACTIVITIES AND MEMBERSHIPS
- Member of the Expert Female Lawyers Guide, prepared by Colegio de Abogados de Chile (Chilean Bar Association).
- Member of the panel of the Mediation and Arbitration Center of the Santiago Chamber of Commerce.
- Associate, Chadbourne & Parke, New York (2007-2011).
- Foreign associate, Gibson, Dunn & Crutcher, New York (2006-2007).
- Member of the New York Bar Association.
- Member of the International Steering Committee of the Women in the Profession (WIP) Program, Vance Center.
PUBLICATIONS
- 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 chapters on the regulators of the Chilean financial sector: the Financial Market Commission, Superintendency of Pensions and Central Bank, Latin Lawyer Regulators (2020-2021).
- Co-author of the book "Precontractual Responsibility for Contractual Negotiations Breakup", Editorial Jurídica de Chile.
- Co-author of the article "Chile: A Renewed Path to Energy Autonomy", Latin Lawyer (2008).
EDUCATION
- Law, Universidad de Chile (Summa Cum Laude).
- LL.M., University of Pennsylvania (2006).
ADMISSIONS
- Chile (2004).
- New York (2006).
LANGUAGES
- Spanish.
- English.
- Hebrew.
