Bofill Mir and Larraín Rencoret Urzua steer life insurance buy – Latin Lawyer

11 abril, 2018

Bofill Mir & Alvarez Jana Abogados has helped financial services company Bicecorp acquire Sura’s Chilean life insurance business for US$232 million.

Sura, which is a Latin American financial services company listed on the Colombian Stock Exchange, hired Larraín Rencoret Urzúa Abogados.

The deal was signed on 7 March. Its closure is subject to regulatory and antitrust approval.

Bofill Mir has recently represented clients in a range of corporate finance and M&A deals, including a US$46 million casino loan, a university debt issuance and a bakery conglomerate acquisition.

Larraín Recorret also steers financial and corporate work, including advice to the World Bank’s IFCand to Mexican retail company acquiring assets in Chile.

Counsel to Bicecorp was Bofill Mir & Alvarez Jana Abogados, partners Octavio Bofill, Rodrigo Saffirio, Guillermo de la Jara and Guillermo Fonseca, and associates Victoria Salazar, Horacio Mendoza and Javiera Lira

Counsel to Sura Asset Management was Larraín Rencoret Urzúa Abogados, partner Felipe Rencoret and associates Ignacio Pera, Daniel Cristi and Beatriz Iribarren.