Mitsui & Co. acquisition of a minority stake in Inversiones Mitta

Carey, Guerrero Olivos and Fuensalida y Del Valle advised on the deal

Fiscalía Nacional Económica (FNE): the antitrust authority in Chile authorized Mitsui & Co. acquisition of a minority stake in Inversiones Mitta.

Mitta is the parent company of Autorentas del Pacifico SpA, Chile’s leading automobile operating lease and rental car company. Mitsui has signed share purchase agreement and will acquire 49% of shares in Mitta after acquiring related approvals from Chilean authorities.

Since 1960, Mitsui has been building a strong automobile value chain in Latin America, operating automobile distributors, dealerships, and automobile financing business. In addition to these supply-side operations, Mitsui will use this equity participation in Mitta to expand into demand-side business areas that will bring it closer to consumers, and to further strengthen its existing automobile value chain.

Mitta, owning approx. 16,500 vehicles in total, has a large share of the automobile operating lease business (B to B) which services various industries such as the mining and energy sectors in Chile, and also has a long-established locally-based rental car business (B to C). Mitsui will build on these foundations to expand Mitta’s business operations into other countries, especially Latin American markets where Mitsui has expertise, such as Peru and Colombia.

Carey advised Mitsui & Co. with a team including Claudio Lizana (Picture), Camila Mandiola, Felipe Hepner and Natalia Acevedo.

Guerrero Olivos advised Inversiones Tajamar with Roberto Guerrero V., Macarena Ravinet, Josefina Yávar, Jaime Barahona, Tomás Kubick, Alejandra Leiton, Tomás Montes and Matías Dittborn.

Fuensalida y Del Valle advised Inversiones Tajamar with Jaime del Valle and Trinidad Fernandez.

Involved fees earner: Jaime del Valle Valenzuela – Fuensalida & Del Valle Abogados; Claudio Lizana – Carey; Camila Mandiola – Carey; Felipe Hepner – Carey; Natalia Acevedo – Carey; Roberto Guerrero – Guerrero Olivos; Macarena Ravinet – Guerrero Olivos; Josefina Yávar Celedón – Guerrero Olivos; Jaime Barahona – Guerrero Olivos; Tomás Kubick – Guerrero Olivos;

Law Firms: Fuensalida & Del Valle Abogados; Carey; Guerrero Olivos;

Clients: Mitsui & Co. Ltd; Inversiones Tajamar;

Author: Ambrogio Visconti.