B&E counsels Private Equity on the sale of Calcurrupe Desarrollo
Barros & Errázuriz has advised Private Equity I Fondo de Inversión on the sale of Calcurrupe Desarrollo SpA to the Ingevec group
Barros & Errázuriz has counselled Private Equity I Fondo de Inversión in the negotiation and sale process of the company Calcurrupe Desarrollo SpA, a subsidiary of the Fund, to Inmobiliaria Rio Bueno SpA, a subsidiary of the Ingevec group. Calcurrupe Desarrollo SpA is developing 6 real estate projects in properties it owns, located in the city of Santiago.
This transaction closed on 20 August and was valued at approximately $36.5 million US dollars (965,367.20 UF). Barros, Silva, Varela & Vigil acted as external advisor to Ingevec.
Invegec’s purchase is part of its expansion plans with seven multifamily projects in the pipeline, totalling 1,830 flats. Three initiatives are under construction, three others will start construction in the second half of 2021 and the last one in early 2022.
B&E’s team was led by partner Cristián Barros (pictured top left), assisted by senior associate Cristián Risopatrón (pictured bottom left), and associates Colomba Melero (pictured top right) and María Hamilton (pictured bottom right).
