Carey represents Pátria in sale of ODATA Chile

Carey has represented Pátria Infraestrutura III Fundo de Investimento em Participações Multiestratégia in the review of the local legal and tax matters of the sale of its Chilean subsidiary, ODATA Chile, in the context of the multi-jurisdictional sale of its data centre operating subsidiaries in Brazil, Colombia, Mexico and Chile.

This transaction was signed on 12 December in the jurisdictions of Brazil, Colombia, Mexico, Chile and New York; where Proskauer Rose advised the company in New York, while Pinheiro Neto Advogados acted as its counsel in Brazil. Vinson & Elkins advised the counterparty.

The transaction also involved structuring to ensure compatibility with the tax rules of the different jurisdictions involved, as well as with the double taxation treaties in force and applicable to some of the sellers. Additionally, on the M&A side, it was necessary to standardise and seek commonalities across jurisdictions to facilitate the closing of the transaction and the applicable local requirements.

Luiz Portela, Miguel Raszl, Larissa Sabino and Felipe Rezende acted as in-house lawyers for Pátria; while Erika Patara acted as in-house lawyer for ODATA.

Pinheiro Neto’s team included partner Miguel Tornovsky and associates Filipe Coube Ferraz, Nicolás Alonso, Nicholas Versignassi and Bruna Pavanello.

Carey’s team was led by partners Pablo Iacobelli (pictured left), Cristián Eyzaguirre (pictured centre, left), Manuel José Garcés (pictured centre), Manuel José Barros (pictured centre, right) and José Pardo (pictured right), with support from director Alejandra Risso and associates Daniela Pfeffer, Ignacio Alfaro, Constanza Rivera and Javiera Álvarez.