Jorge Timmermann

Jorge Timmermann

Jorge Timmermann focuses his practice advising both Chilean and foreign clients in mergers and acquisitions transactions, capital markets, venture capital, FinTech, corporate governance and projects development, among others.

His practice is focused on structuring M&A operations, drafting and negotiation of stock purchase agreements, shareholders agreements and other customary M&A documents, and also advising clients in the ex-ante merger control by the Fiscalía Nacional Económica.

He has participated in the issuance of bonds and commercial papers in the local market and in international markets, both registered and unregistered, mainly representing the issuers.

Timmermann is also active in the Venture Capital market, advising multiple venture capital firms and entrepreneurs in setting up and management of investment funds, startup vehicles and applying for State-driven funding opportunities.

Jorge’s experience includes a wide range of industries, such as, energy, retail, technology and others.

Employment History

  • Partner, 2021 to date
  • Associate, 2014 to 2020
  • Foreign Associate at DLA Piper LLP (US) – New York Office, 2017-2018
  • Capital Markets Advisor of the Ministry of Finance, 2011 – 2013
  • Associate, Carey y Cía., 2008 – 2011

Experience

 

  • Uber – Cornershop: Advised both clients as joint counsel in the US$3,000 million agreement to acquire fully ownership of Cornershop, by means of the acquisition of the remaining 47% not owned by Uber. This deal is the second step of the previous acquisition of a controlling interest in Cornershop by Uber in 2019 and 2020.
  • CarbonFree Technology: Advised the client in the acquisition of Apolo del Norte SpA, Nuovosol SpA, Sinergia Solar SpA and Solar Brothers SpA, all of them special purpose vehicles for the development of  photovoltaic power plants (PMGD of 9MW).
  • Odd Industries: Advise on the sale of a majority stake to Arauco.
  • Colbún: Advise on the acquisition of Efizity, an energy solutions company.
  • Cornershop – Cencosud: Advise Cornershop on a long term Framework Agreement for Commercial with Cencosud, to offer its products in the countries where it operates.
  • Arch Daily: Advise the client on the sale of its digital architecture platform “ArchDaily” with operations in Chile, Mexico, USA, Hong Kong and China to the Swiss company, Architonic AG.
  • Giddings Fruit S.A.: Advised the client on a financing agreement under New York law (“NPA”), with the objective of financing the group’s operations in Chile, Mexico, Peru, United States, England and China.
  • Uber – Cornershop: Advise both clients and participated as joint counsel on the acquisition of a majority stake in Cornershop by Uber Technologies, Inc., for a value of USD $456 million – Awarded “Deal of the Year 2021” in the category “private M&A” by Latin Lawyer.
  • Shareholders of Cornershop (Chile – México): Advise on the potential sale of Cornershop to Walmart.
  • The Coca Cola Company – Andina – Embonor (USA – Chile): Advise on the purchase of 100% of Comercializadora Novaverde S.A.- “Guallarauco”.
  • Grupo Castaño: Advise on the purchase of the Kingsbury and Pan Pierre business lines of BredenMaster S.A.
  • Encourage Capital LLC: Advise on the acquisition of a stake in Geomar S.A., a Chilean seafood Company.
  • Fintual: We advise the client, in several regulatory matters related with the operation and business development of its Administradora General de Fondos (Funds Administrator), which is regulated by the Financial Market Commission.
  • Modyo: We advise the client in a corporate reorganization that will help them continue strengthen their position as a relevant SaaS for financial institutions. We have also advised them in relation with negotiation and drafting of relevant agreements with their clients.

Admissions

  • Chile (2009)

Recognitions

  • Legal 500 (Corporate and M&A including compliance 2018, Corporate and M&A 2019, Corporate and M&A – Rising Stars 2021, Venture Capital 2021, Capital Markets Law 2021)
  • Best Lawyers (Capital Markets Law 2020 – 2021)

Languages

  • Spanish and English

Education

  • Law, School of Law, Pontificia Universidad Católica de Chile, 2008
  • Master in Law (LL.M.), School of Law, Columbia University, New York, 2014

Academic Activity

  • Teaching assistant of Mergers & Acquisitions and Corporate Governance, LL.M – Pontificia Universidad Católica de Chile.

Publications

  • Getting the Deal Through, Securities Finance, 2016 – 2017

News

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Related Services
  • Corporate & M&A
  • Capital Markets
  • Venture Capital
  • FinTech
  • Corporate Governance & Compliance
  • Private Equity
  • Banking & Finance
  • Projects
  • Financial Services
  • SPAC