HIG Capital’s Acquisition of 60% Interest in Virutex Ilko

Creel, García-Cuéllar, Aiza y Enríquez, Claro & Cia., Rebaza, Alcázar & De Las Casas, Winston & Strawn, Bruchou, Fernández Madero & Lombardi and Posse Herrera Ruiz advised H.I.G Capital on the transaction.
Barros & Errázuriz advised Virutex Ilko

H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with over $49 billion of equity capital under management,has completed the acquisition of a majority stake in Virutex Ilko, a leading cleaning products and kitchenware manufacturer in Latin America. The founding shareholders of Virutex will remain as significant shareholders in the Company alongside H.I.G. Virutex’s current senior management team, led by CEO Juan Martin Monsalve, will continue to lead the Company. 

Virutex, headquartered in Chile, is one of the leading providers of disinfecting, cleaning, and kitchenware products in Latin America, with direct operations in Chile, Colombia, Peru, Argentina, and Mexico. The Company has a diversified and comprehensive portfolio of over 2,000 products which it distributes to more than 20 countries worldwide. Virutex has sustainability and ESG principles embedded across its processes and products, and holds a B-Corp certification, a global and independent recognition for businesses that meet high standards of environmental and social performance, accountability, and transparency.

In Mexico, Creel, García-Cuéllar, Aiza y Enríquez, S.C. (Ciudad de México): Socios Carlos del Río. Asociados Natalia Pichón, José Luis Alberdi, Ernesto Ramos, Jorge Rovelo, Alicia Abúndez, Esteban Martínez, Fernando Arias, Alejandro Castelló, Carlos Yamamoto y Yone Elorriaga. 

In Chile, Claro & Cia. advised H.I.G Capital with Matías de Marchena and Josefina Covarrubias. 

In Perù, Rebaza, Alcázar & De Las Casas advised H.I.G Capital with Felipe Boisset, Rafael Lulli and María José García.

In HK, Winston & Strawn advised H.I.G Capital with David Cheng and Kelvin Siu. 

In Argentina, Bruchou, Fernández Madero & Lombardi advised H.I.G Capital with Gabriel Lozano, Dolores M. Cedrone and Camila Di Fonzo. 

In Colombia Posse Herrera Ruiz advised H.I.G Capital with Jaime Herrera and Susana Gómez.

Barros & Errázuriz advised Virutex Ilko with a team including Bernardo Simian Soza (Picture), Diego Ovalle Vergara, Valentina Villalobos Valenzuela, María José Bordalí Velasco, Sebastián Zaror Diuana and Camila Rubio Chaparro.

Involved fees earner: María José Bordalí Velasco – Barros & Errázuriz Abogados; Diego Ovalle – Barros & Errázuriz Abogados; Camila Rubio Chaparro – Barros & Errázuriz Abogados; Bernardo Simian – Barros & Errázuriz Abogados; Valentina Villalobos – Barros & Errázuriz Abogados; Sebastián Zaror Diuana – Barros & Errázuriz Abogados; Dolores Cedrone – Bruchou, Ferna?ndez Madero & Lombardi; Gabriel Lozano – Bruchou, Ferna?ndez Madero & Lombardi; Josefina Covarrubias – Claro y Cia; Matías de Marchena – Claro y Cia; Alicia Abúndez – Creel, García-Cuéllar, Aiza y Enriquez SC; José Alberdi Fonticoba – Creel, García-Cuéllar, Aiza y Enriquez SC; Carlos del Rio S. – Creel, García-Cuéllar, Aiza y Enriquez SC; Natalia Pichon Hernández – Creel, García-Cuéllar, Aiza y Enriquez SC; Jorge Rovelo Sanchez – Creel, García-Cuéllar, Aiza y Enriquez SC; Susana Gómez – Posse Herrera Ruiz; Jaime Herrera – Posse Herrera Ruiz; Felipe Boisset – Rebaza Alcazar and De Las Casas; María José García – Rebaza Alcazar and De Las Casas; Rafael Lulli – Rebaza Alcazar and De Las Casas; David Cheng – Winston & Strawn; Kelvin Siu – Winston & Strawn;

Law Firms: Barros & Errázuriz Abogados; Bruchou, Ferna?ndez Madero & Lombardi; Claro y Cia; Creel, García-Cuéllar, Aiza y Enriquez SC; Posse Herrera Ruiz; Rebaza Alcazar and De Las Casas; Winston & Strawn;

Clients: H.I.G Capital LLC ; Virutex Ilko;


Author: Ambrogio Visconti