Garrigues represents Solenis in Grand Invest acquisition
Garrigues Peru has represented Solenis, a global producer of specialty chemicals, in the acquisition of 100% of the shares of GI Industria Peru, Grupo Andino de Inversiones and Andino Servicios y Montajes Industriales (together, Grand Invest Group).
As a result, Solenis will acquire all the operating assets of Grand Invest Group, including key strategic production and storage facilities. This acquisition is part of Solenis’ direct market access strategy to provide customers in the region with an enhanced offering of chemical and water treatment products and services.
This transaction, signed on 3 November 2022 and closed on 6 February 2023, involved complex negotiations regarding structure, merger control and market disclosure. Estudio Muñiz acted as advisor to Grand Invest Group.
“This was a challenging transaction that closed during a time when Peru has been in the spotlight. It underscores Solenis’ commitment to grow in the region and provide greater value to its clients in Peru and other Andean countries,” stated Sergio Amiel, partner at Garrigues.
Based in Lima, Peru, the Grand Invest Group serves a wide range of industries, including pulp and paper, energy, oil refining, municipal, oil and gas, mineral processing, fish processing and sugar production.
Mark Dugan and Rodrigo Perestrelo acted as in-house lawyers for Solenis.
Estudio Muñiz’s team included partners Mauricio Olaya, Santiago Quiroz and Víctor Lazo.
Garrigues’ Peru team comprised partners Sergio Amiel (pictured left) and Ivo Gagliuffi (pictured right), OPS director Javier Coronado, senior associates Carolina Perez and Maria Isabel Alvarado and associate Alejandro Prado. The Colombian team participated through partners José Miguel de la Calle and Andrés Ordóñez, principal associate Alejandro Acevedo, senior associate Julieth Sanclemente, and assoaciates Guillermo Gómez and Andrés Pulido.
