Morales & Besa advises bankruptcy trustee of Pesca Chile S.A. and bankruptcy trustee of Acuinova Chile S.A.

October 22, 2014

Morales & Besa advised Herman Chadwick Larrain, bankruptcy trustee of Pesca Chile S.A. and Mariclara González, bankruptcy trustee of Acuinova Chile S.A., on the sale of its subsidiary Nova Austral S.A., a Chilean fish farming company, to EWOS AS (owned by Bain Capital and Altor Equity Partners) for approximately US$ 180 million.

With this transaction, Nova Austral’s main shareholder is EWOS Invest AS, a subsidiary of EWOS’s ultimate Norwegian parent company, Albain Holdco Norway AS. Still, Nova Austral will continue to operate as an independent company, with EWOS supplying the company feed on commercial terms.

The team at M&B was led by  with Pedro García M., Michel Diban G. and Jorge Vial A. with associates Sebastian Luco, Jocelyn Guiloff, Federico Espinoza, Orlando Palominos, María José Larraín.