Larrain y Asociados advises Copec on Blue Express acquisition
Larrain y Asociados has advised Copec in the due diligence, negotiation and execution of an agreement with the BX Private Equity Fund and Inversiones Blue to acquire 100% of Blue Express.
This transaction was signed on 26 September for approximately $221 billion, which remains subject to closing adjustments. The sellers, controlled by Kinza Capital and Altis Principal Investments, were advised by Claro & Cia.
Blue Express is a leading e-commerce company in Chile, with more than 1,000 receipt and delivery points and nationwide coverage, serving more than 5,000 customers. Copec has a network of 681 service stations from Arica to Puerto Williams, serves over one million customers per day and operates a 24/7 service.
Claro & Cía’s team included partners José María Eyzaguirre B. and José María Eyzaguirre F., and associates Carmen Luz Chavarría and Alberto Eguiguren.
Larrain y Asociados was represented by partners Jorge Granic (pictured left), Juan de Dios Ferrada (pictured centre) and José Pedro Baraona (pictured right), together with director Jorge Parro, and associates María Alejandra Bulnes, Ana María Sepúlveda, Sebastián Prieto, César Vásquez, Catalina Cortez, Diego de la Barra, Valentina Calderón and Teresita Vinagre.
