RBB Salus Holdings acquires Azzaro Trading

The acquisition included up to 12,907,627 common voting shares, equivalent to the total share capital, at a price of $4.68 per share.

As a result of this transaction, The Carlyle Group fully divested its stake in Liderman, including its business in Chile.

The transaction featured a novel structure, given that there is limited precedent for advising clients investing in a continuation fund — a structure deeply rooted in the US private equity market, according to Chilean law firm Carey, which advised RBB on the Chilean aspects of the transaction.

Liderman is a leading security services provider, with over 4,000 security guards deployed across the country. The advice provided by Carey required intensive involvement from its employment practice to conduct a thorough and efficient due diligence process.

Carey’s team was led by managing partner Pablo Iacobelli, with partner Patricia Silberman and associate Felipe Hinzpeter.

Payet, Rey, Cauvi, Pérez acted as Peruvian counsel to the lead investor of RBB, Hernandez & Cía. Abogados as Peruvian counsel to The Carlyle Group and Debevoise & Plimpton acted as US counsel to The Carlyle Group.