Consortium Led by BTG Pactual’s Timberland Investment Group’s $385.5 Million Acquisition of Arauco Timberland Assets in Chile

Barros & Errázuriz advised BTG Pactual on the transaction

BTG Pactual’s Timberland Investment Group (TIG), along with British Columbia Investment Management Corporation (BCI), one of Canada’s largest institutional investors, and APG, one of the world’s largest pension providers, has agreed to acquire Chilean timberland assets from Arauco for $385.5 million.

The transaction is comprised of approximately 80,500 hectares of high-quality, sustainably-managed timberlands in the central and southern regions of Chile and will establish the consortium’s timberland presence in the country.

The acquisition supports the consortium’s strategy of investing in timberland assets around the world that can achieve compelling investment returns, while applying high environmental, social and governance standards. The timberlands in this transaction have all been certified with Arauco by the Forest Stewardship Council (FSC).

Barros & Errázuriz advise BTG Pactual with a team including Cristián Barros Tocornal (Picture), Sergio Eguiguren Ebensperger, Carola Trucco Horwitz, Víctor Barros Echeverría, Francisco Bórquez Electorat, Juan Ignacio Galdámez Riquelme, Lucas Marinovic Carrasco, Juan Pablo Álvarez Holzapfel, María Fernanda Becker Magofke, María Fernanda Espinosa Meza, Francisca Ossa Márquez, Juan Sebastián Alonso Iñíguez and Santiago Gomez-Barris Montero.

Involved fees earner: Juan Sebastián Alonso – Barros & Errázuriz Abogados; Juan Pablo Álvarez Holzapfel – Barros & Errázuriz Abogados; Cristián Barros – Barros & Errázuriz Abogados; Víctor Barros Echeverría – Barros & Errázuriz Abogados; Maria Fernanda Becker – Barros & Errázuriz Abogados; Francisco Bórquez Electorat – Barros & Errázuriz Abogados; Sergio Eguiguren – Barros & Errázuriz Abogados; Maria Fernanda Espinosa Meza – Barros & Errázuriz Abogados; Juan Ignacio Galdámez – Barros & Errázuriz Abogados; Santiago Gomez-Barris Montero – Barros & Errázuriz Abogados; Lucas Marinovic – Barros & Errázuriz Abogados; Francisca Ossa – Barros & Errázuriz Abogados; Carola Trucco H. – Barros & Errázuriz Abogados;

Law Firms: Barros & Errázuriz Abogados;

Clients: BTG Pactual;