Joyvio Group Co.’s $880 Million Acquisition of Australis Seafoods S.A.


Cariola, Díez, Pérez-Cotapos and Claro & Cia. advised on the deal

Joyvio Group, a wholly-owned subsidiary of Legend Holdings, has executed the acquisition of Chilean seafood producer Australis Seafoods for $880 million.

Australis produces approximately 64,000 tonnes of salmon per year, accounting for 9% of Chile’s total salmon production. In its last financial year, the company recorded net revenues of $399 million and profits of $73 million.

Joyvio has agreed to acquire 94.47% of the company’s shares, and it claims that the acquisition will guarantee consistent supply of salmon, optimising its supply chain and allowing it to effectively serve its customers as the demand for salmon increases.

Joyvio Group, through its subsidiaries, produces and sells fresh fruits, processed foods, and food materials in China and internationally. The company was founded in 2010 and is based in Beijing, China.

Australis Seafoods S.A. owns and operates fish farms located in the Chile. The company, led by Ricardo Daniel Misraji Vaizer, Moises Benjamin Saravia Ortiz and Derek Kohn Bruggemann, is based in Santiago.

Cariola, Díez, Pérez-Cotapos advised Joyvio Group Co., Ltd. with Francisco Javier Illanes, Sergio Díez, Gonzalo Jiménez, Nicolás Vial, Franco Dalmazzo, Diego Martínez Rueda, Francisca Salas, Teresita Melero, Daniela Tapia, Mario Rojas, José Ignacio Azar, José Miguel Flores, Felipe Fernández and Gabriel Pensa.

Claro & Cia. advised Australis Seafoods S.A. with Rodrigo Ochagavía, Josefina Covarrubias and Andrés del Sante.

Involved fees earner: José Ignacio Azar – Cariola, Díez, Pérez-Cotapos & Cía Ltda; Franco Dalmazzo – Cariola, Díez, Pérez-Cotapos & Cía Ltda; Sergio Díez – Cariola, Díez, Pérez-Cotapos & Cía Ltda; Felipe Fernández – Cariola, Díez, Pérez-Cotapos & Cía Ltda; José Miguel Flores – Cariola, Díez, Pérez-Cotapos & Cía Ltda; Francisco Javier Illanes – Cariola, Díez, Pérez-Cotapos & Cía Ltda; Gonzalo Jiménez – Cariola, Díez, Pérez-Cotapos & Cía Ltda; Teresita Melero – Cariola, Díez, Pérez-Cotapos & Cía Ltda; Gabriel Pensa – Cariola, Díez, Pérez-Cotapos & Cía Ltda; Mario Rojas – Cariola, Díez, Pérez-Cotapos & Cía Ltda; María Francisca Salas – Cariola, Díez, Pérez-Cotapos & Cía Ltda; Daniela Tapia – Cariola, Díez, Pérez-Cotapos & Cía Ltda; Nicolás Vial – Cariola, Díez, Pérez-Cotapos & Cía Ltda; Diego Martínez Rueda-Chapital – Cervantes y Sainz; Josefina Covarrubias – Claro y Cia; Andrés Del Sante – Claro y Cia; Rodrigo Ochagavía – Claro y Cia;

Law Firms: Cariola, Díez, Pérez-Cotapos & Cía Ltda; Cervantes y Sainz; Claro y Cia;

Clients: Australis Seafoods S.A.; Joyvio Group Co., Ltd.;