Different firms in HDI’s acquisition of Liberty Mutual
Different firms have advised HDI International and HDI Seguros (part of the Talanx Group) on the acquisition of Liberty Mutual Insurance’s personal and commercial insurance business in Chile, Brazil, Colombia and Ecuador.
The acquisition is estimated to have a total value of approximately US$1.48 billion.
Upon completion of the transaction, the Talanx Group is expected to become the third largest insurer by premium income in the property and casualty insurance business in Latin America.
The transaction is subject to regulatory approvals both in Chile and in several foreign jurisdictions and must comply with other customary conditions for such transactions.
Claro y Cía, Posse Herrera Ruiz, Bustamante Fabara, Hogan Lovells and Machado Meyer have advised HDI in Chile, Colombia, Ecuador, the United States and Brazil, respectively. Liberty Mutual was advised by Carey in Chile, Brigard & Urrutia in Colombia, Pérez Bustamante & Ponce in Ecuador, Skadden Arps Slate Meagher & Flom in the US, and Mattos Filho in Brazil.
Francisca Larraín, Marcos Arenas, Katy Mejía, Paulina Zambrano and Pablo Advis acted as in-house counsels to Liberty Mutual.
Carey’s team was led by partners Marcos Ríos (pictured top left), Matías Vergara (pictured top centre) and José Pardo (pictured top right), with support from associates Pedro Gutiérrez, Valentina Kuscevic, Daniela Pfeffer, Juan Pablo De la Maza, Fernanda Pardo, Jorge Soto, Javiera Herrera and Raimundo Gálvez.
Brigard & Urrutia’s team consisted of partner Darío Laguado Giraldo (pictured bottom left), director Lucas Fajardo, and associates Laura Ricardo Ayerbe, Iván Montenegro and María Paz Canal.
Pérez Bustamante & Ponce’s team included partner Diego Pérez Ordóñez (pictured bottom right) and associate Juan Francisco Simone.
