Minerva Foods acquires Chile’s Frigorífico Patagonia

The acquisition was part of the purchase of 13 industrial plants and a distribution center owned by the Marfrig Group in Brazil, Argentina, and Chile, a transaction which has a total value of $1.01 billion.

“This was a challenging transaction, involving multi-jurisdictional coordination and depending  on various government antitrust approvals for its success,” according to Chilean law firm Carey, which advised Minerva Foods on the deal.

The acquisition makes Minerva Foods the second-largest beef producer in South America.

Carey’s team advising Minerva Foods was led by partners Guillermo Acuña and Manuel José Garcés, with associates Daniela Pfeffer, Pablo Pavez and Rebeca Silva.

Stocche Forbes acted as counsel to Minerva Foods in Brazil, with a team led by partners Guilherme Forbes, Fabiano Milani and Rafael Andrade, with associates André Penna Bandeira de Mello, Pedro Rocha Ferreira and Thaila Castro Maluf Oliveira.

Lefosse acted as counsel to Marfrig, with a team led by partners Carlos Mello and Leonardo Batista, with associates Aline Pardi, Larissa Lunardi, Juliana Sá and Henrique Miguel. 

Mauricio Tapia Asesores Legales acted as counsel to Frigorífico Patagonia, and whose team was led by partner Mauricio Tapia, with attorney Ignacio González Castillo.

Minerva Foods’ in-house counsel was Flavia Regina Ribeiro Silva Villa, chief culture officer; Lais Martucheli Murta, legal specialist M&A; Alexandre Cezimbra, legal director, and Paula Lito F Renno Pereira Frazão.