Fusiones y Adquisiciones - Jimenez Peña Abogados

Mergers and Acquisitions

“The (JP) firm has quickly become a leader in the relatively new M&A practice in the Dominican Republic. It routinely deals with large-scale cross-border mergers, acquisitions and spin-offs of companies with a presence in the country. It also participates in negotiations outside the Dominican Republic related to transactions involving Dominican branches or subsidiaries.” Chambers Latin America 2020.

Current industry challenges in the Dominican Republic

The Dominican Republic has a regulatory system in this area that has been strengthened with the entry into force of laws that assist the entry of new companies into the Dominican market through protection against the high dominant position of companies in some industries. Similarly, the promulgation of important regulations has been transforming the functioning of government authorities in their regulatory function.

Our Experience

Our clients receive advice from a team with vast experience in all legal and commercial aspects for the operation, financing and expansion of their investments in the Dominican Republic. We have a team with unparalleled experience in representing multinational corporations, including Fortune 500 companies, as well as the most important Dominican companies and business groups.

We also have an excellent track record in assisting foreign private equity groups with inbound investments, as well as the continued operation of their portfolio companies in the Dominican Republic. Our clients value us for having not only the legal knowledge, but also the business mindset that allows us to fully understand their expectations, a unique characteristic of our firm.

Clients

JP’s clients include Dominican companies and foreign investors in a wide spectrum of industries, from energy and mining to hospitality and manufacturing.

Relevant Cases

Jiménez Peña advised the Acciona Group in two merger and acquisition processes in the energy field: (i) Acquisition of 100% of the shares of the special purpose vehicle for Calabaza Project, a 40 MW photovoltaic plant being developed in the town of Tabara Arriba, province of Azua. (ii) Acquisition of shares of the special purpose vehicle for the Electro Solar Project, a 58,162 MW photovoltaic plant to be developed in Galeón, in the municipality of Baní and province of Peravia.
Jiménez Peña advised V Energy, SA, a subsidiary of Total, in the acquisition of a majority stake in Plater Investment, SA, one of the main distributors of liquified natural gas (LNG) in the Dominican Republic, whose operations include transportation through virtual and traditional pipelines, regasification plants and service stations, as well as the design, operation and maintenance of all its facilities.
Jiménez Peña advised the controlling shareholders of Importadora Dominicana de Maderas, S.A.S., one of the main importers and distributors of wood in the Dominican Republic, which controls a substantial part of the market share in its sector, in the process of selling a stake of 70% in the capital stock to an important national agribusiness group in the Dominican Republic.
Jiménez Peña advised Grupo Ramos, a group of domestic department stores, in the fulfillment of a merger operation that involved the acquisition of the national e-commerce start-up com. The integration enabled the client to improve its share in the online retail market. The merger was completed just in time for the group to be able to scale its e-commerce business for the challenges posed by the COVID-19 pandemic and gave the client a significant advantage over other companies in the retail sector. Our team assisted in all business negotiations, corporate and tax matters that led to the successful completion of the merger agreement.
Jiménez Peña advised Adevinta Holdco Spain, S.L. and Adevinta Iberica, SL, (entities that are part of the Adevinta Group), in relation to the structuring and sale of its participation in the Dominican subsidiary that owns and operates www.corotos.com.do, one of the main e-commerce platforms in the Dominican Republic, to a group of national investors.