Carey advises IFC and Calverton on sale in Consorcio Financiero

Carey has advised International Finance Corporation (IFC) and Calverton on the negotiation of an amendment to the existing Put Option Agreement between them and the controlling shareholders of Consorcio Financiero, as well as on the sale of IFC’s and Calverton’s 50% interest in Consorcio Financiero.

This transaction was closed on 29 June and valued at US$86.7 million.

The advisory involved amending previous agreements between the parties, as well as allowing the sale of the shares, while maintaining the rights of IFC and Calverton. The existing shareholders’ agreement and other agreements between the parties remain in place.

Carey’s team comprised partners Cristián Eyzaguirre (pictured left), Manuel José Garcés (pictured centre) and José Pardo (pictured right), director Mariela Riquelme, and associates Ignacio Alfaro, Gonzalo Lucero, Gonzalo Soto, Enzo Devoto and Fernanda Gorgollón.