Thomas Muskett-Ford
Philippi, Prietocarrizosa & Uría (Colombia), Carey in Santiago and Rodrigo, Elías & Medrano Abogados, have helped Bogotá-based food company Team and its Chilean subsidiary obtain two credit agreements that were closed simultaneously and are worth a combined US$84 million. Morales & Besa in Santiago advised Banco Itaú Chile and Banco de Crédito e Inversiones for the Chilean loan, while Brigard & Urrutia Abogados in Bogotá counselled Itaú BBA Colombia and Banco Davivienda for the Colombian financing. Payet, Rey, Cauvi, Pérez Abogados participated in Peru, where a Peruvian subsidiary is collateralising the Chilean and Colombian loans. The deal closed on 2 September.
Team Foods Colombia and its Santiago-based counterpart Inversiones Team will use proceeds from the transaction to pay for the acquisition of Chilean food-packing company Los Guindos and baked goods producer BredenMaster. Team acquired the two entities for approximately US$90 million back in June.
Counsel to Team Foods Colombia
Philippi, Prietocarrizosa & Uría (Colombia)
Partner Juan Fernando Gaviria and associate María De Bedout Villalobos in Bogotá
Rodrigo, Elías & Medrano Abogados
Partner Luis Enrique Palacios and associate Alvaro Carrasco in Lima
Counsel to Inversiones Team
In-house counsel – Carlos Rave and Juan Sebastián Niño
Carey
Partners Felipe Moro and Guillermo Acuña, and associates José Miguel Bellagamba, Héctor Herrera and Jaime Coutts in Santiago
Counsel to Itaú BBA Colombia Corporación Financiera and Banco Davivienda
In-house counsel to Itaú BBA Colombia –Ingrid Pahl and María Camila Bages
Brigard & Urrutia Abogados
Partner Manuel Fernando Quinche and associates Jimena González and Laura Milena Puentes Alarcón in Bogotá
Counsel to Banco Itaú Chile and Banco de Crédito e Inversiones
In-house counsel to Banco Itaú – José Luis Orlandini
Morales & Besa
Partner Pedro García and Myriam Barahona, and associates Nicolás Zegers and Jocelyn Guiloff in Santiago
Counsel to the banks
Payet, Rey, Cauvi, Pérez Abogados
Partner Juan Antonio Egüez and associate Joe Navarrete in Lima
