Morales & Besa and Hernández & Cía. Abogados successfully advised The Abraaj Group and Casaideas

January 25, 2017

Morales & Besa and Hernández & Cía. Abogados successfully advised The Abraaj Group – a 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.

Founded in Chile in 1993 with the aim of offering unique and affordable home design and home decorative products, Casaideas has since expanded its operations to 33 stores in Chile, 16 stores in Peru and seven additional franchise units in Bolivia. Homeware and Furnishing is the seventh largest consumer retail category by market share in Latin America.

The transaction represents the first direct investment in Chile for Abraaj and 16th in Latin America, completing the Group’s investment presence in the Pacific Alliance countries of Mexico, Peru, Colombia and Chile.

The team at M&B was led by Eugenio Besa, Michel Diban and Macarena Laso with senior associate Maria Teresa Manubens.

Morales & Besa also acted as counsel for Casaideas for the prepayment and refinancing of loans. This team was led by José Miguel Carvajal with senior associate Ignacio Delpino.