MercadoLibre’s Acquisition of Redelcom

Claro & Cia and Philippi Prietocarrizosa Ferrero DU & Uría advised MercadoLibre.
Gutiérrez & Arrieta advised Redelcom S.A.

Mercado Libre, a technology firm and the largest e-commerce company in Latin America, executed the acquisition of Redelcom, a Chilean company that has been operating since 2010 as a payment services provider and that in October 2019 began offering point-of-sale (POS) terminals with the latest technology to retailers.

Mercado Libre seeks to consolidate its value proposition in Chile and enhance the growth of its multiple payment tools and digital financial solutions. This is part of its purpose to democratize trade and finance in Latin America and contribute to reduce financial inclusion gaps, helping to improve the quality of life of people and boosting the business of companies, especially SMEs and entrepreneurs.

Mercado Libre, through Mercado Pago, is a relevant player in the POS market in different countries in the region, selling more than one million terminals during the third quarter of 2021. Redelcom will join the Mercado Libre and Mercado Pago ecosystem and its successful business model.

Claro & Cia. advised MercadoLibre Chile Limitada with Luisa Núñez (Picture) Santiago Bravo, Philippa Cooper, Juan Pablo Cabezón, Tomás Darricades, Javier Rodríguez, Tomás Kreft, Paula González, Rafael Cruzat, Bryan Kernitsky, Ignacio Orellana, José Manuel Iñiguez, Joaquín Plaza, María Javiera Eyzaguirre and Diego Contreras.

Philippi Prietocarrizosa Ferrero DU & Uría advised MercadoLibre Chile Limitada with Ignacio Larraín Jiménez and Matías Palma.

Gutiérrez & Arrieta advised Redelcom S.A. with Rodrigo Gutiérrez Morán.

Involved fees earner: Santiago Bravo – Claro y Cia; Diego Contreras – Claro y Cia; Philippa Cooper – Claro y Cia; Rafael Cruzat – Claro y Cia; Tomas Darricades – Claro y Cia; María Javiera Eyzaguirre F. – Claro y Cia; Paula González – Claro y Cia; José Manuel Iñiguez – Claro y Cia; Bryan Kernitsky – Claro y Cia; Tomás Kreft – Claro y Cia; Luisa Núñez – Claro y Cia; Ignacio Orellana – Claro y Cia; Joaquín Plaza – Claro y Cia; Javier Rodríguez – Claro y Cia; Rodrigo Gutiérrez Morán – Gutierrez & Arrieta; Ignacio Larraín – Philippi Prietocarrizosa Ferrero DU & Uría; Matías Palma – Philippi Prietocarrizosa Ferrero DU & Uría;

Law Firms: Claro y Cia; Gutierrez & Arrieta; Philippi Prietocarrizosa Ferrero DU & Uría;

Clients: MercadoLibre, Inc.; Redelcom S.A.;

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Author: Ambrogio Visconti