Carey instructed on sale of Chilean car promotions website

Carey advised Chileautos on the sale of majority stake to Carsales, an Australian online car classified business. 

Chileautos is Chile´s largest online automotive advertisements website, handling the sale of 80% of second hand vehicles in the country. The deal, valued at $15 million, gives Carsales 83% of Chileautos and a stronger foothold in Latin America. Carsales already owns 65% of Mexican auto classifieds business SoluAutos and 30% of Brazilian website WebMotors.

Partner Diego Peralta led the team at Carey advising Chileautos. Australian buyer Carsales retained a squad at Philippi Prietocarrizosa & Uría with partner Alberto Pulido at the helm. 

Carey instructed on sale of Chilean car promotions website

Ignacio Abella

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