Carey advises Mesoamerica on the completion of Unifoodheld acquisition

Carey has counselled Mesoamerica on the purchase of the 25% stake which still was held by Unifoodheld founders

Carey assisted Mesoamerica, a leading private equity investor in Latin America, in the acquisition of a 25% stake in Unifoodheld by the founding shareholders, becoming its sole owner after acquiring a majority stake in 2016.

Unifood is the Chilean largest restaurant platform with a coverage of more than 300 points of sale, operating brands such as Pedro, Juan & Diego, Pollo Stop, Fuente Nicanor, Heladerías Savory, Fajitas Express and XS Market.

The coronavirus pandemic provided particular difficulties to the due diligence process and negotiations, requiring creative and flexible thinking and strategies to bridge the gap between sellers and buyer in risk valuation and mitigation.

Carey team was led by partners Francisco Ugarte (pictured left), Francisca Corti (pictured centre), and Jessica Power (pictured right), and involved counsel Alejandra Risso, and associates Alejandra Daroch and Carla Karzulovic.

Gamboa, Fuenzalida, Sanfeliú y Ugarte Abogados counselled the Unifoodheld founders with a team led by partner Javier Ugarte.