Cuatrecasas advised listed company Inversiones Norte Sur on selling its stake in Incofin to Petra Holdings Group.
Cuatrecasas advised listed company Inversiones Norte Sur on selling its stake in Incofin—a leader of the financial sector—to Petra Holdings Group. The block of 9,928 shares constitutes 50% of Incofin’s share capital. The transaction was valued at USD 30 million.
Petra Holdings Group is part of BlueCompass Management Partners, a UK financial service investment firm.
The Cuatrecasas team handling this transaction was made up of lawyers from the Santiago de Chile office Roberto Guerrero, Tomás Kubick, Josefina Yávar and Pilar Illanes.
According to Roberto Guerrero: ”this transaction was extremely complex, as it involved selling the shares of a company in which there was a valid shareholders agreement with restrictions on transfers and various option rights that had to be handled carefully, as well as very delicate negotiations with the buyer whose intention was to buy the whole company (which was not available).”