Guerrero Olivos advises Carozzi in acquisition of Tiger Brands’ stake
Guerrero Olivos has acted as legal counsel to Carozzi (CSA) in a significant transaction involving the acquisition of Tiger Brands’ 24.38% stake in Empresas Carozzi.
The share purchase agreement, executed on January 27, 2025, represents a pivotal moment in the company’s strategic consolidation.
Under the terms of the agreement, CSA will acquire 104,724 shares for US 181 million, with the total transaction value reaching US 240 million. Upon completion, Carozzi will increase its ownership stake to 99.99%, solidifying its control over an important food and beverage company.
The transaction stems from Tiger Brands’ strategic decision to refocus its growth in South Africa and concentrate investments in areas of controlling interest.
Tiger Brands is a South African major player in the food market. Meanwhile, Empresas Carozzi operates across more than 25 product categories, with production facilities in Chile, Peru, and Argentina, and exports to over 50 countries.
The advisory implied the negotiation, ensuring compliance with regulatory requirements and safeguarding CSA’s strategic objectives.
Valdés y Cía. served as counsel to Tiger Brands Chile, with Luis Carlos Valdés as leading partner and Raimundo Soto as associate.
Guerrero Olivo’s team was led by Jorge Delpiano (pictured left) and César Gálvez (pictured right), with assistance from partner Benjamín Ferrada, senior associate Sebastián Marambio, and associates Sebastián Devlahovich, Sophie Beaujanot, Santiago Barros, and Alexandra Höpfner.
