Creation Investments’ Acquisition of 26% Stake in Avla

Larrain y Asociados advised Creation Investments, while Barros y Errázuriz advised Avla and its shareholders in the transaction.

Creation Investments entered into a share subscription agreement with Avla S.A., as well as into the agreement currently held by the shareholders of said company. By virtue of this transaction, Creation Investments will subscribe approximately 26% of the capital issued by Avla S.A., in an approximate value of US $ 20,000,000. The capital increase is intended to finance the company’s international expansion plan and strengthen its financial position.

AVLA is an insurance group that offers comprehensive solutions in Latin America through Guarantee Insurance, Credit Insurance and Financing Solutions and currently has operations in Chile, Peru and Mexico.

Creation Investments is a Chicago-based investment manager with social impact, specializing in private equity investments in financial institutions in emerging markets, and with significant investments in 15 countries including Peru, Mexico and India.

Barros Errázuriz advised Avla S.A. and Tyndall acted as an investment bank.

Larrain y Asociados advised Creation Investments in the transaction with Juan de Dios Ferrada, Patricio Montes (Picture), Víctor Manuel Avilés, Gonzalo Guerra, Michelle Inzunza, and Teresita Vinagre. On Due Diligence aspects acted Juan de Dios Ferrada, Teresita Vinagre, Gonzalo Guerra, Jorge Parro, Michelle Inzunza, Ignacio Paci, María Alejandra Bulnes, Alejandra Prieto, and Macarena González.

 Barros y Errázuriz advised Avla and its shareholders with a team which included Bernardo Simian, Andrés Varela, and José Miguel Poblete.

Involved fees earner: José Miguel Poblete – Barros & Errázuriz Abogados; Bernardo Simian – Barros & Errázuriz Abogados; Andrés Varela Echaurren – Barros & Errázuriz Abogados; Víctor Manuel Avilés H. – Larrain y Asociados; María Alejandra Bulnes Swinburn – Larrain y Asociados; Juan de Dios Ferrada – Larrain y Asociados; Macarena González Marchant – Larrain y Asociados; Gonzalo Guerra Bresciani – Larrain y Asociados; Michelle Inzunza – Larrain y Asociados; Patricio Montes – Larrain y Asociados; Ignacio Paci Navarro – Larrain y Asociados; Jorge Parro Ch. – Larrain y Asociados; Alejandra Prieto Cardone – Larrain y Asociados; Teresita Vinagre – Larrain y Asociados;

Law Firms: Barros & Errázuriz Abogados; Larrain y Asociados;

Clients: AVLA SA; Creation Investments Capital Management, LLC;