GL Events acquisition of 60% interst in Feria Internacional de Santiago – FISA S.A.

FerradaNehme and Barros & Errázuriz advised on the deal

GL events and SNA (Sociedad Nacional de Agricultura) have finalised their agreement for acquiring 60% of FISA’s capital from SNA, its founder and shareholder, who retains a 40% stake.

Created 180 years ago, SNA is the oldest trade association in Chile where it plays a major institutional role. Its goal was to form a long-term equity partnership with an international trade show operator contributing its methodology and network to strengthen existing operations and develop new events in Chile and Latin America.

Created 56 years ago in Santiago, FISA (La Feria Internacional de Santiago) is Chile’s leading trade show, convention and exhibition organiser. With a staff of around 60 employees, it operates mainly in the B2B segment, organising events in sectors that include notably mining (Expomin – one the world’s largest mining trade shows), construction (Edifica), shipbuilding (Exponaval), healthcare (Expohospital), security, the winegrowing industry, etc.

In 2018, FISA is expected to have approximately €10 million in sales with a normalised operating margin exceeding 12%.

FerradaNehme advised GL Events with Stella Muñoz (Picture), Mario Valderrama, Juan Andrés Bretón and Andrés Pérez Monroy.

Barros & Errázuriz advised Sociedad Nacional de Agricultura with Bernardo Simian, Diego Ovalle and Hugo Molina.

Involved fees earner: Stella Muñoz – FerradaNehme; Mario Valderrama – FerradaNehme; Juan Andrés Bretón – FerradaNehme; Bernardo Simian – Barros & Errázuriz Abogados; Hugo Molina – Barros & Errázuriz Abogados; Diego Ovalle – Barros & Errázuriz Abogados;

Law Firms: FerradaNehme; Barros & Errázuriz Abogados;

Clients: GL Events; Sociedad Nacional de Agricultura;


Author: Ambrogio Visconti.