Client Requirement: The client intends to buy 100% of the outstanding shares of a company dedicated to the record, storage, scanning, business process outsourcing, and information management business located in Peru and Bolivia.
Our Participation: We are currently advising the buyer in the negotiation of the SPA, ancillary documents, and in the due diligence process. In addition, we are advising the Buyer in the structuring of the corresponding vehicles to enter into the transaction.
Deal challenges: Taking in consideration this is the first investment of our client in Peru, we have made a detailed explanation about Peruvian legal framework applicable to their investment and the target endeavours in Peru. In addition, since the target business was recently acquired by the Sellers, we have been involved in the structuring of the indemnity’s regulation between both the previous SPA and the new SPA. Finally, a new complexity arose since our client needed to spinoff the Bolivian business before or on the same day of acquisition of the Peruvian target. Our team worked together with the Bolivian team in order to evaluate all alternatives available to proceed with the divestiture of the Bolivian business.
