Legal DealFolio - SAAM S.A. joint venture with Boskalis

The Firm is representing Sudamericana, Agencias Aereas y Maritimas S.A., a subsidiary of Sociedad Matriz SAAM S.A., a Chilean company listed on the Santiago Stock Exchange, in connection with its proposed joint venture with Boskalis Holding B.V., a subsidiary of Royal Boskalis Westminster N.V., a Dutch company listed on the NYSE Liffe Amsterdam. SAAM and Boskalis intend to combine and develop their respective harbor and towage businesses in Brazil, Mexico, Canada and Panama. SAAM and Boskalis signed a Framework Agreement which contemplates, among other conditions, obtaining regulatory approvals. The arrangement, if consummated, would involve two separate joint ventures, with Saam and Boskalis holding 51% and 49%, respectively, of the joint venture entity covering Mexico, Canada and Panama, and Saam and Boskalis each holding 50% of the joint venture entity covering Brazil. The combined sales of both joint-ventures is estimated in U.S.$250 million, with a fleet of more than 100 tugboats. The Simpson Thacher team included: David Williams, Juan Francisco Mendez, Borja Marcos and Rodrigo Surcan dos Santos (M&A); and Rob Holo and Andrew Purcell (Tax).

Deal Date:	17-09-2013	Practice Area:	Corporate and M&A
Deal Title:	SAAM S.A. joint venture with Boskalis	Industry:	Industrial Transportation
Description:	The Firm is representing Sudamericana, Agencias Aereas y Maritimas S.A., a subsidiary of Sociedad Matriz SAAM S.A., a Chilean company listed on the Santiago Stock Exchange, in connection with its proposed joint venture with Boskalis Holding B.V., a subsidiary of Royal Boskalis Westminster N.V., a Dutch company listed on the NYSE Liffe Amsterdam. SAAM and Boskalis intend to combine and develop their respective harbor and towage businesses in Brazil, Mexico, Canada and Panama. SAAM and Boskalis signed a Framework Agreement which contemplates, among other conditions, obtaining regulatory approvals. The arrangement, if consummated, would involve two separate joint ventures, with Saam and Boskalis holding 51% and 49%, respectively, of the joint venture entity covering Mexico, Canada and Panama, and Saam and Boskalis each holding 50% of the joint venture entity covering Brazil. The combined sales of both joint-ventures is estimated in U.S.$250 million, with a fleet of more than 100 tugboats. The Simpson Thacher team included: David Williams, Juan Francisco Mendez, Borja Marcos and Rodrigo Surcan dos Santos (M&A); and Rob Holo and Andrew Purcell (Tax).
Financial Center:	New York	Value:	0.00-0.00
Advised Party:	Joint Venture Party	Law Firm	Simpson Thacher
JV Party Jurisdiction	Netherlands,Chile	JV Party Jurisdiction	Netherlands
Classification:	Joint Ventures	Lawyer	David L Williams

Practice Areas -

Corporate and M&A Law Firms and Lawyers

Practice Areas - Corporate and M&A Law Firms and Lawyers