Hernández & Cía. Abogados and Morales&Besa. Ltda. (Chile) Advised The Abraaj Group -leading private equity investor operating in global growth markets- in the acquisition of a majority stake in Casaideas (the Company), a leading home design and home decorations business with growing market presence in Chile, Peru and Bolivia.
The transaction was made through The Abraaj Group’s Cayman subsidiary which acquired a total of 51% of the capital stock of the Company, which was composed by 2 simultaneous operations: (i) 33% of the capital stock of the target company was acquired directly from the sellers; while (ii) 18% was acquired through a cash capital contribution.
As part of the transaction structure, other important complementary agreements were negotiated which include –among others- the implementation of a business plan with the current minority shareholders in order to support the Company’s penetration and scaling to build market position in Chile and Peru, as well as leverage its regional presence to explore expansion and channel development opportunities in Mexico, Colombia and the Central American countries.