Hortifrut’s $106 Million Loan


Claro & Cia and Barros & Errázuriz advised on the transaction

Hortifrut Inversiones Internacionales S.A. secured a $106 Million loan from Banco Santander Chile and Scotiabank Chile in order to parcially finance the acquisition of Talsa Berries S.A.C.

Hortifrut SA operates farms that produce fruits. The Company, led by Juan Ignacio Allende Conelly, Ignacio Larrain Arroyo and Carlos Jara Arbert, produces and markets fresh berries, in different parts of the world, allowing their products to reach North America, Europe, South America, the Middle East and Asia. Hortifrut SA in 2017 recorded $420 Million Revenues.

Claro & Cia. advised Hortifrut with Felipe Larraín (Picture), Andrea Sougarret and José María Eyzaguirre Fernández.

Barros & Errázuriz advised Santander Chile and Scotiabank Chile with Nicolás Balmaceda, Nicole Ubal and Joaquín Uauy.

Involved fees earner: Nicolás Balmaceda – Barros & Errázuriz Abogados; Nicole Ubal – Barros & Errázuriz Abogados; Felipe Larraín – Claro y Cia; Andrea Sougarret – Claro y Cia; José María Eyzaguirre – Claro y Cia;

Law Firms: Barros & Errázuriz Abogados; Claro y Cia;

Clients: Banco Santander Chile; Scotiabank Chile; Hortifrut S.A.;