Source: Latin Lawyer
Eight PricewaterhouseCoopers (PwC) offices have helped French chemicals manufacturer Safic-Alcan acquire a majority stake in Lima-headquartered counterpart Anders, including its Latin American assets across nine jurisdictions.
Four Cuatrecasas offices, Marval O’Farrell Mairal in Argentina, PPO Indacochea in Bolivia, BKM | Berkemeyer in Paraguay,Posadas in Uruguay and Bustamante Fabara in Ecuador advised Anders, while Latin Lawyer understands that ACV Abogados in Mexico City also helped Safic-Alcan, but could not confirm this before publishing.
The deal closed on 30 September. The value remains confidential.
In the deal, Safic-Alcan acquired 70% of Anders’ share capital, including its subsidiaries in Argentina, Colombia, Mexico, and Peru, among others.
The acquisition strengthens Safic-Alcan’s footprint in Latin America and consolidates its strategy to expand its specialty chemicals and ingredients distribution network there.
The Anders Group transaction adds to a wave of cross-border chemicals deals in Latin America this year. In August, for example, Brazil’s VL Mineração acquired the mining subsidiary of US chemicals company Mosaic for US$27 million, just months after Japan’s UBE acquired the Latin American portfolio of German chemicals group Lanxess’ Urethane Systems for US$496 million.
Counsel to Safic-Alcan
PricewaterhouseCoopers (PwC) Peru
Partners Gino Menchola, Daniel Chahud, Gabriela Haro, and Percy Alache and managers Elena de la Torre, Adriana de la Piedra, Jose Julio Hernández and Max Terrazos
PricewaterhouseCoopers (PwC) Argentina
Partner Juan Manuel Magadán and director Pedro de la Fuente
PricewaterhouseCoopers (PwC) Bolivia
Partner Eduardo Aramayo, director Edward Banegas and manager Pamela Cuellar
PricewaterhouseCoopers (PwC) Chile
Partner Loreto Pelegrí, director Karina Galdames and managers Daniela Rubio and Francisca Álvarez
PricewaterhouseCoopers (PwC) Colombia
Partner Eliana Bernal and managers Omar Cabrera, Juan Manuel Duarte and Germán Benitez
PricewaterhouseCoopers (PwC) Ecuador
Partner Pablo Aguirre and directors Ivan Triviño and Elizabeth Grijalva
PricewaterhouseCoopers (PwC) Paraguay
Partner Nadia Gorostiaga and manager Jorge Gómez
PricewaterhouseCoopers (PwC) Uruguay
Partner Mario Ferrari Rey and manager Federico Pereira
Counsel to Anders Group
Cuatrecasas (Chile)
Partners Tomás Kubick and Rodrigo Stein, and associates Pedro Browne and Josefa Redon in Santiago
Cuatrecasas (Colombia)
Partners Juan Felipe Vera and Jaime Vargas, and associates Rafael Marulanda, María Camila Solano, Oswaldo Pacheco and Ariana Fernández in Bogotá
Cuatrecasas (Mexico)
Partners Santiago Ferrer and Juan David Mina, and associates Emilio Ruvalcaba and Jorge Antonio Jiménez in Mexico City
Cuatrecasas (Peru)
Partner Oscar Trelles de Belaunde and associates Giorgio Balza Tassara Cánepa, Luis Enrique Baca Zegarra, Santiago Ramírez Vivanco and Kei Kanashiro in Lima
Marval O’Farrell Mairal
Partners Santiago Carregal, Bárbara Ramperti, Maria Inés Brandt, Francisco Abeal, Lorena Schiariti, Santiago del Río, Luciana Martina Virgile, Manuela Adrogué and Milagros Ibarzábal, and associates Mariano Martin Morat, María Victoria Gonzalez, Nadia Selle, Josefina Barbero, and Martina Pagani in Buenos Aires
PPO Indacochea
Partner José Luis Tufiño and associate Adrián Bellot in La Paz
BKM | Berkemeyer
Partner Martin Carlevaro and associates Luciano Antonelli, Juan Manuel Ros, Maria Pia Escobar, Gaston Segovia and Lia Meyer in Asunción
Posadas
Partners Fernando de Posadas, Lucía Carbajal and Diego Cuenca, and associates Pedro Boado and Ximena Gómez in Montevideo
Bustamante Fabara
Partner José Rafael Bustamante C, director Kirina González, and associate Valentina Morillo in Quito