Several firms advise on sale of Clorox operations in Argentina, Uruguay and Paraguay
Bruchou & Funes de Rioja, Cleary Gottlieb Steen & Hamilton LLP and Posadas Posadas & Vecino have advised The Clorox Company on the sale of its operations in Argentina, Uruguay and Paraguay to an investment group led by Apex Capital.
The transaction included the two production plants of Clorox Argentina, as well as the rights to certain Clorox brands in Argentina, Uruguay and Paraguay, and the shared intellectual property between those brands. Financial terms were not disclosed.
The sale did not include Clorox’s research and development and corporate centres in Latin America, which will remain in Argentina to support Clorox’s continued operations in other Latin American markets and provide transition services to Clorox Argentina under its new shareholders.
The firms advising Apex Capital were Estudio Garrido, Hogan Lovells, Estudio Palacios and Allende & Brea.
Apex Capital is a private equity fund associated with Grupo Mariposa, a food and beverage company with 139 years of history and operations in 16 countries.
Osca Arroyo and Cristóbal Fernández Abascal acted as in-house legal counsels to Apex Capital.
Bruchou & Funes de Rioja’s team was led by partners Estanislao H. Olmos (pictured left), Florencia Angélico (pictured centre) and José Bazán (pictured right), with support from associates Carolina de Felipe and María Bourdieu. Partners Alejandro Barrientos and Dámaso Pardo, and associates Franco Raffinetti, Clarisa Lacanette, Chiara Ferioli and Florencia Fernández advised on IP matters.
Cleary Gottlieb Steen & Hamilton’s team was represented by partner Juan G. Giráldez and associates Nicholas DiStefano and Isabella Domínguez.
Posadas Posadas & Vecino’s team was made up of partner Tomás Gurmendez and associates Lucía Barros and Ana Claudia Hornos.
Estudio Garrido’s team consisted of partners Lucas Granillo Ocampo, María Marta Cancio and Patricia Maccaferri, and associates Gisela Marina Montesanto, María Sol Berdullas and Santiago Dellatorre.
Hogan Lovells’ team included partners Jorge Dias Silveyra, Andrés Chaves and Zenas Choi, and associates Pedro Martínez and Greta Feldman.
Estudio Palacios team was composed of partner Marco Antonio Palacios and associate Hilda Hermoso.
Allende & Brea’s team comprised partners Julián Peña and Marcos Patrón Costas, and associate Gonzalo Gándara.
