BiceCorp’s$132 Million Acquisition of Seguros de Vida Sura’s life annuity portfolios


Bofill Mir & Alvarez Jana Abogados and Larraín Rencoret Urzúa advised on the deal

BiceCorp, operating as a subsidiary of Matte Group, finalized the acquisition of Seguros de Vida Sura life annuity portfolios – operating as a subsidiary of Sura Group for $132 Million.

BICECORP S.A., through its subsidiaries, provides various financial products and services in Chile. Matte Group is an industrial conglomerate with interests in banking, transport, telecommunication, plastics and agricultural sectors. The company is based in Chile.

Grupo de Inversiones Suramericana holds investments in leading Colombian companies as well as other important stakes in other countries of the Americas. The company, led by David Emilio Bojanini Garcia, Ricardo Jaramillo Mejia and Juan Luis Munera Gomez, in 2017 recorded $4.53 Billion Revenues.

Bofill Mir & Alvarez Jana Abogados advised BiceCorp with Octavio Bofill (Picture), Rodrigo Saffirio, Guillermo de la Jara, Victoria Salazar, Horacio Mendoza and Javiera Lira.

Larraín Rencoret Urzúa advised Seguros de Vida Sura S.A. with Felipe Rencoret, Ignacio Pera, Daniel Cristi and Beatriz Iribarren.

Involved fees earner: Felipe Rencoret – Larraín Rencoret Urzúa Abogados; Ignacio Pera – Larraín Rencoret Urzúa Abogados; Daniel Cristi – Larraín Rencoret Urzúa Abogados; Beatriz Iribarren – Larraín Rencoret Urzúa Abogados; Octavio Bofill – BMAJ Bofill Mir & Alvarez Jana Abogados; Rodrigo Saffirio – BMAJ Bofill Mir & Alvarez Jana Abogados; Victoria Salazar – BMAJ Bofill Mir & Alvarez Jana Abogados; Horacio Mendoza – BMAJ Bofill Mir & Alvarez Jana Abogados; Javiera Lira – BMAJ Bofill Mir & Alvarez Jana Abogados; Guillermo de la Jara – BMAJ Bofill Mir & Alvarez Jana Abogados;

Law Firms: Larraín Rencoret Urzúa Abogados; BMAJ Bofill Mir & Alvarez Jana Abogados;

Clients: Seguros de Vida Sura S.A.; BICECORP S.A.;

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Author: Ambrogio Visconti.