AD Retail’s Sale of $87.1 Account receivables to BTG Pactual’s private investment fund


Guerrero Olivos and Barros & Errázuriz advised on the transaction

AD Retail – a company engaged the retail industry that participates in the market through the clothing, electronic supplies and home store business line – executed the incorporation of the private investment fund namely COFISA V, for the acquisition of COFISA’s account receivables portfolio.

Parties involved in the transaction: AD Retail S.A. and its affiliate Créditos, Organización y Finanzas S.A. (COFISA); BTG Pactual’s investment fund BTG Pactual Crédito y Facturas Fondo de Inversión and fund manager Administradora de Fondos de Inversión Amicorp S.A.

The fund invested in a stake of preferred series to offer a more diversified portfolio to its unit holders, consolidating the BTG fund as the largest local private debt fund.

Counsel to AD Retail: Guerrero Olivos advised AD Retail with a team including Miguel Coddou (banking & finance and capital markets)

Barros & Errazuriz advised BTG Pactual with Víctor Barros Echeverría (Picture), Juan Cristóbal Schmidt and Felipe Álvarez.

Involved fees earner: Felipe Álvarez Del Río – Barros & Errázuriz Abogados; Víctor Barros Echeverría – Barros & Errázuriz Abogados; Juan Cristóbal Schmidt Canessa – Barros & Errázuriz Abogados; Miguel Coddou Astrain – Guerrero Olivos;

Law Firms: Barros & Errázuriz Abogados; Guerrero Olivos;

Clients: AD Retail SA; BTG Pactual Crédito y Facturas Fondo de Inversión:;

Author: Ambrogio Visconti.