Credit Suisse is serving as financial advisor to Enjoy and Morgan Stanley and Ernst & Young are serving as financial advisors to Advent. Bofill Mir & Alvarez Jana is serving as legal advisor to Enjoy, while Claro & Cia and Baker McKenzie are serving as legal advisors to Advent.
Advent International, one of the largest and most experienced global private equity investors, today announced that it has agreed to partner with the founding Martinez family to acquire a significant equity stake in Enjoy S.A. (ENJOY:CI), the leading gaming and resort operator in Chile and Uruguay. Enjoy will remain publicly traded and the Martinez family will retain a substantial equity ownership position in the company.
Advent’s investment will be made through a capital increase of up to US$170 million and tender offer, according to Chilean regulation, for up to 100% of the shares that shareholders are willing to sell in the tender offer.
Founded by the Martinez family in 1975, Enjoy has over 40 years of experience in the industry and has become a leading gaming operator in Chile and Uruguay. The company owns and operates ten casinos and ten hotels in Chile, Uruguay, Argentina and Colombia, with more than 6,000 slot machines, 350 gaming tables, 1,200 hotel rooms and 30 restaurants.
Claro & Cia. advised Advent International with Matías de Marchena (Picture), Vicente Allende, Roberto Carrillo and José Miguel Ríos.
Baker McKenzie advised Advent International with Juan Manuel de la Rosa and Lina Téllez.
Bofill Mir & Álvarez Jana advised Enjoy S.A. with Octavio Bofill Genzsch, Daniela Buscaglia Llanos, Victoria Salazar Oliva, Horacio Mendoza Benavente and Antonia Ballacey Cobo.
Involved fees earner: Octavio Bofill – BMAJ Bofill Mir & Alvarez Jana Abogados; Daniela Buscaglia – BMAJ Bofill Mir & Alvarez Jana Abogados; Victoria Salazar – BMAJ Bofill Mir & Alvarez Jana Abogados; Horacio Mendoza – BMAJ Bofill Mir & Alvarez Jana Abogados; Antonia Ballacey – BMAJ Bofill Mir & Alvarez Jana Abogados; Matías de Marchena – Claro y Cia; Vicente Allende – Claro y Cia; Roberto Carrillo – Claro y Cia; José Miguel Ríos – Claro y Cia; Lina Tellez – Baker & McKenzie; Juan Manuel de la Rosa – Baker & McKenzie;