Transactions

Current

Asociación de Bancos e Instituciones Financieras de Chile A.G.

Preparation of bi-annual reports, jointly with Systep Ingeniería y Diseños S.A., to the Chilean Banks and Financial Institutions Association, in respect of the Chilean electricity sector including operational and financial forecasts for 9 companies.

Current

Undisclosed client

Financial advice to divest an industrial and commercial company in Ecuador.

Current

Codelco

Financial advice to Codelco on the search of strategic partner(s) to jointly develop lithium projects at the Maricunga and Pedernales salt flats, located in the Atacama Region, in northern Chile.

Current

Eléctrica Cipresillos SpA

Financial advice to Eléctrica Cipresillos SpA on the development and financing of its run of the river power plant Mini Central Hidroeléctrica de Pasada Cipresillos (12MW).

2018

BluEarth

Financial advice to BluEarth in analysing and pursuing the acquisition of electricity generating assets in Chile.

2015

Empresas Públicas de Medellín

Financial advice to Empresas Públicas de Medellín (EPM) on the acquisition of Aguas de Antofagasta S.A., a water and wastewater services company serving Chile’s Antofagasta Region, from Inversiones Punta de Rieles Ltda. and Antofagasta Railway Company plc.

US$ 965 million

2015

Real estate investors

Financial advice to a group of real estate investors on the selection process for a long term lease of a real estate property owned by them for the development and financing of a senior residence project by a qualified operator.
The contract was awarded to Seniority Chile S.A.

US$ 10 million (estimated investment)

2014

Puerto Caldera

Financial advisor on the analysis of strategic development alternatives for Puerto Caldera, a port terminal for the transfer of ores and fruit located in the commune of Caldera, in the Atacama region.

2014

Agencias Universales S.A.

Financial advice on the economic valuation of Agunsa and the port assets of its parent company, Grupo Empresas Navieras S.A., in the context of a reorganisation of its investments. Such reorganisation contemplates the merger of Agunsa with Portuaria Froward S.A. and Portuaria Mar Austral S.A., also subsidiaries of the group.

2014

Empresas Marítimas Oxxean

Financial advice to Empresas Marítimas Oxxean S.A. to find strategic partners for its Puerto Chincui project, a multipurpose port terminal, located approximately 13 km from the city of Puerto Montt, in the Los Lagos region.

2014

Undisclosed client

Financial advice to a local private equity fund on its participation in the tender process to acquire a 50% stake in Empresa Eléctrica Guacolda S.A., a power generation company owner of a 608 MW coal fired power plant plus 152 MW under construction.

2013

BHP Billiton

Financial advice to BHP Billiton on the bidding process to secure long-term power based on the construction and operation of Kelar (517 MW) combined cycle power plant. The contract was awarded to a consortium comprised by Korea Southern Power Co., Ltd. (KOSPO) and Samsung C&T.

US$ 600 million (estimated investment)

2013

Antofagasta Minerals

Financial advice to Antofagasta Minerals S.A. for the acquisition of 40% of Alto Maipo SpA, company through which AES Gener is developing the Alto Maipo Hydroelectric Project (531 MW). The transaction involved a payment of US$50 million plus additional equity commitments from Antofagasta Minerals S.A. for approximately US$250 million.

As part of this transaction, Antofagasta Minerals S.A. signed 20 year power purchase agreements for up to 160 MW for its Los Pelambres mine.

US$ 300 millones

2012

Geoglobal Energy Chile

Financial advice to Geoglobal Energy Chile Ltda. in the analysis of alternatives to contract the power that will be generated by its Curacautín Geothermal Power Plant. The plant is being developed on the Tolhuaca volcano, with a nominal capacity of 70 MW to be available in 2017.

2012

Sierra Gorda SCM

Financial advice to Sierra Gorda SCM, a joint venture between KGHM International Ltd, Sumitomo Corporation and Sumitomo Metal Mining Co., on the tendering of a 20-year power purchase agreement (PPA) for its Sierra Gorda greenfield mining project, including construction of a new coal-fired power plant. Supply, totalling 251 MW, will be provided by the Empresa Eléctrica Cochrane S.A. (a subsidiary of AES Gener S.A.).

US$ 220 million estimated per year

2012

Sierra Gorda SCM

Financial advice to Sierra Gorda SCM, a joint venture between KGHM International Ltd, Sumitomo Corporation and Sumitomo Metal Mining Co., on the bidding process for development of new port facilities and provision of long term port services to store and ship copper concentrates (up to 1,000,000 t per year). The contract was awarded to Antofagasta Terminal International S.A.

US$ 33 million

2012

Codelco

Financial advice to Codelco on the valuation of rights of use and shares of GNL Mejillones S.A.’s regasification terminal, and on the analysis of the implementation of LNG and diesel hedge derivatives.

2012

MLA

Financial advice to Maderas y Materiales de Construcción Los Ángeles Cía. Ltda. on the sale of its assets to Construmart S.A.

2011

Puerto de Lirquén

Financial advice to Puerto de Lirquén S.A., winner of at least 20-year concession for the Costanera Espigón Teminal at the Port of San Antonio in a competitive bid process.

US$ 325 million

2010

Codelco

Advice to Codelco on the bidding process to contract electricity supply in the SIC for over 510 MW of capacity and a maximum term of 30 years. The contract was awarded to Colbún.

US$ 315 million estimated per year

2008

Fundación Educacional Santiago College

Advice to Fundación Educacional Santiago College on the design, appraisal and selection process for a long term lease of its campus Los Leones.

2008

Ontario Teachers’ Pension Plan y Morgan Stanley Infrastructure Inc.

Financial advisor on the acquisition of the Chilean electricity distribution companies Saesa, Frontel, and their subsidiary companies from Public Service Enterprise Group (PSEG).

US$ 887 million

2008

BHP Billiton

Financial advisor on the contracting of long-term power purchase agreement (PPA) based on construction of the new Kelar coal-fired power plant (500 MW), assisting in negotiation of the commercial and contractual structure with various companies interested in supplying power.

2007

BHP Billiton

Financial advisor on the tendering of 30-year power purchase agreement (PPA) for its Escondida and Spence mining operations, including construction of a new coal-fired power plant. Supply, totalling 430 MW, will be provided by the Angamos Power Plant (subsidiary of AES Gener) with an estimated investment of approx. US$ 1.34 billion.

2007

Ontario Teachers’ Pension Plan

Financial advisor on the acquisition of 69.4% of ESVAL S.A., a water and wastewater services company serving Chile’s Fourth and Fifth Regions, from the Consorcio Financiero Group and minority shareholders.

US$ 570 million

2007

Ontario Teachers’ Pension Plan

Financial advisor on the acquisition of 50.76% of ESSBIO S.A. and 100% of ANSM S.A., both water and wastewater services companies serving Chile’s Eighth and Seventh Regions, respectively, from Southern Cross Group.

US$ 480 million

2006

Empresa Portuaria Valparaíso

Financial advisor on a commercial real estate waterfront development, Puerto Barón project, in the Port of Valparaíso, resulting in a concession awarded to the Mall Plaza Group.

2005

Endesa Chile

Financial advisor on the reorganization of the assets owned in Brazil, by Endesa Chile, Endesa Spain and other affiliate companies.

US$ 1.350 million

2005

Propal S.A.

Financial advisor on the valuation, capital increase, and incorporation of new partners into the company.

2004

Propal S.A.

Financial advisor on the valuation, capital increase, and incorporation of new partners into the company.

2004

Empresa de Correos de Chile

Financial advisor on the bidding processes to outsource its long-distance ground transport and its sales and track & trace IT systems.

2004

Dresdner Bank Lateinamerika AG

Financial advisor on the sale of its controlling stake corresponding to 88.3% of its subsidiary in Chile, Dresdner Bank Lateinamerika, to Grupo Security.

US$ 66 million

2004

Empresa Portuaria Antofagasta

Financial advisor on the development of a commercial real estate waterfront development at the Port of Antofagasta, resulting in a concession awarded to the Mall Plaza Group.

2003

Endesa Chile

Financial advisor on the sale of the Canutillar hydroelectric power plant, with a total installed capacity of 172 MW, to a subsidiary of Minera Valparaíso.

US$ 174 million

2003

Empresa Portuaria Antofagasta

Financial advisor on the concession process of Terminal No. 2 of the Port of Antofagasta.

US$ 43 million

2003

Anglian Water

Financial advisor on the sale of its controlling stake, corresponding to 49.82% of ESVAL S.A., a water and wastewater services company serving Chile’s Fifth Region, to Consorcio Financiero S.A. (44.78%) and Moneda Asset Management (5.04%).

US$ 94 million

2002-03

Empresa de Correos de Chile

Financial advisor on setting up an alliance with TNT for the development of express courier services and on the search for improvements to the profitability of its branch office network.

2002

Anglo American

Financial advisor on the acquisition of copper mining company, Compañía Minera Disputada de Las Condes from Exxon Minerals.

US$ 1.300 million

2002

Empresa Portuaria Valparaíso

Financial advisor on the bidding process of a long-term concession for a new cruise passenger terminal at the Port of Valparaíso.

2000-01

Empresa Portuaria Valparaíso

Financial advisor on the assessment of a potential concession of the Espigón terminal.

2000

National Grid

Financial advisor on the bid for Transelec, the largest electricity transmission grid company in Chile.

2000

Generale des Eaux, Proactiva y FCC. (linked to grupo Vivendi)

Financial advisor on its bid for ESSBIO, a water and wastewater services company serving Chile’s Eighth Region.

2000

Colbún

Financial advisor on its strategic development analysis.

2000

Anglo American

Financial advisor on its successful tender offer for the remaining shares held by minority investors in its subsidiary, Empresa Minera de Mantos Blancos S.A.

US$ 90 million

2000

Empresa Portuaria Iquique

Financial advisor on the concession process of its Espigón container terminal.

US$ 51 million

1999

Sempra Energy

Financial advisor on the acquisition, together with PSEG, of 90.23% of Chilquinta Energía S.A., an electricity distribution company.

US$ 830 million

1999

Empresa Portuaria San Antonio

Financial advisor on the concession process of two port terminals, Terminal Molo Sur and Terminal Norte.

US$ 243 million

1999

Empresa Portuaria Valparaíso

Financial advisor on the concession process of its port terminal, Terminal No. 1.

US$ 193 million

1999

Empresa Portuaria Talcahuano-San Vicente

Financial advisor on the concession process of its multipurpose terminal at the Port of San Vicente.

US$ 136 million

1999

Sistema Administrador de Empresas

Financial advisor on the sale of 40% of ESVAL S.A., a water and wastewater services company, to Aguas Puerto, a consortium formed by ENERSIS (72%) and Anglian Water (28%).

US$ 138 million

1998-99

EMPORCHI

Financial advisor on the design of the concession process for Chilean port terminals.

1997

Colbún

Financial advisor to CORFO on the sale of 37.5% strategic stake of Colbún S.A., a hydro and thermal power generator, to Electropacífico, a consortium formed by Tractebel, Iberdrola, Enagas, and Minera Valparaíso.

US$ 341 million

1996

Codelco

Financial advisor on the sale of a controlling interest in its Tocopilla electricity generating division, with a capacity of 613 MW, Chile’s largest electricity power plant at that time, to a consortium led by Tractebel.

US$ 332 million

1996

STET International

Financial advisor on the acquisition of 17.4% stake of Entel Chile, a long distance and mobile communications company.

US$ 273 million