PPU acts in sale of Drillco Tools to Australasian Shareate Tools
Philippi Prietocarrizosa Ferrero DU & Uría Chile acted as advisor to the controllers of Drillco Tools in the sale of 100% of the shares of Drillco Tools and its subsidiaries to Australasian Shareate Tools PTY LTD for USD 42 million.
The parties have structured the transaction in two stages. The sale and purchase agreement was signed on 26 December 2024, and the closing of the transaction is subject to the fulfilment of certain conditions, including the completion of the necessary formalities with certain Government Entities.
Altis acted as financial advisor to the sellers, while Lawshi acted as Chilean advisor to the buyer.
PPU’s team included partners Federico Grebe Lira (pictured left) and Constanza Rodriguez (pictured right), and associates Josefina Joannon and Magdalena Gatica.
