Carey advises Vela Software on Samtech acquisition
Carey has advised Vela Software Group on the acquisition of Samtech Chile. This transaction was closed on 3 April and involved the jurisdictions of Canada, Chile and Colombia.
The transaction involved conducting and supervising due diligence of the target companies in Chile and Colombia; negotiating share purchase agreements and other ancillary agreements in two jurisdictions; structuring foreign investment and intercompany flows for the payment of the price; and coordinating interdependent closings in Chile and Colombia.
Other participating firms were Arnold & Porter and PPU Colombia as advisors to Vela Software internationally and in Colombia, respectively. Dalgalarrando y Cía acted as advisor to Samtech Chile and Samtech Colmbia, as well as to Asesorías e Inversiones Flandes, Asesorías San Gabriel and Asesorías e Inversiones Capa Limitada, as sellers. In addition, EY Consulting acted as financial advisor to Vela Software.
Vela Software Group is a group of technology companies focused on the needs of high-risk, capital-intensive industries with a large number of workers.
Samtech is a fleet and machinery monitoring and management company and a provider of telematics software and hardware for monitoring operations in the mining, construction and vehicle leasing industries in Chile and Colombia.
Andrea Schneider acted as in-house counsel for Vela Software.
Arnold & Porter’s team was represented by Carlos Lobo and Kristen Acosta.
PPU Colombia’s team consisted of lawyers Hernando Padilla, Daniel Stand and Alejandro Sandino.
Dalgalarrando y Cía’s team included Felipe Dalgalarrando, Pablo Ramírez M. and Fernando Arce.
Carey’s team was led by partners Francisco Ugarte (pictured left), Francisca Corti (pictured centre, left), Manuel José Garcés (pictured centre, right) and Alejandra Daroch (pictured right), with support from associates Carla Karzulovic, Domingo Russi, Benjamín Echeverría, Franco Aguirre, Daniela González, Agustín Figueroa, Dominique Zuckermann and Francisca Eyzaguirre.
