Morales & Besa Inversiones Gran Araucaria Dos Limitada in the acquisition of a percentage of the shares in Medicina, Ejercicio, Deporte y Salud S.A. (Meds).

April 19, 2018

Morales & Besa adviced Inversiones Gran Araucaria Dos Limitada in the acquisition of approximately 22,8% of the shares in Medicina, Ejercicio, Deporte y Salud S.A. (Meds), a Chilean company dedicated to health and wellness. The transaction involved two phases, a first one which involved the negotiation and subscription of an Investment Agreement and the agreement on other documents (shareholders agreement, SPA), all this subject to the approval by the Fiscalía Nacional Económica and a second one which involved, once approved by the FNE the transaction, a capital increase and the creation of a new series of preferent shares, such where in part acquired by Inversiones Gran Araucaria Dos Limitada on the closing date.

In parallel, and to give liquidity to Meds during the process of approval before the Fiscalía Nacional Económica, Inversiones Gran Araucaria Dos Limitada granted a credit facility of up to $5,000,000,000 (five thousand million pesos).

Morales & Besa team involved in this transaction was formed by partner Matías Langevin, with the participation of associates María Teresa Manubens, María José Henríquez, Vicente Valdés, Javiera Veloso and Mariana Schnettler.