Hernando Padilla and Ronald Fernández

PPU advises Medifarma on financing for Corpaul purchase

Philippi Prietocarrizosa Ferrero DU & Uría, through its teams in Colombia and Peru, has advised Laboratorios Medifarma on a financing granted by Itaú Chile – New York Branch to finance the purchase of Corpaul’s pharmaceutical business in Colombia. The loan is guaranteed by Medifarma Peru through a corporate guarantee.

This transaction, closed on 25 August, involved parties in Peru, New York and Colombia. Baker McKenzie acted as Colombian counsel to the lender, Skadden Arps Slate Meagher & Flom as New York counsel to the lender, and Holland & Knight as New York counsel to the borrower.

This was a key transaction for Medifarma, as it financed the company’s acquisition of a new pharmaceutical business in Colombia. Closing the financing required coordination with the closing under the SPA for the acquisition of Corpaul’s pharmaceutical business.

PPU’s Colombia team included partner Hernando Padilla (pictured left) and associates Daniela Mejia and Natalia Velasco. In Peru it included partner Ronald Fernández (pictured right) and associates Sergio Rodriguez and Maria José Canales.

Baker McKenzie’s team comprised partner Ricardo Tejos and associate Mónica Cubillos.

Skadden’s team was represented by partner Alejandro Gonzalez Lazzeri and associates Nicolás Pérez and Jose Pablo Buenfil Reyes.

L Giselle Estrada