Philippi Prietocarrizosa Ferrero DU & Uría Peru has advised Scale Capital on its investment, through its Peruvian subsidiary Scale Capital Partners IV, in Cala Servicios Integrales and its subsidiaries, BSCP Servicios and Fibra Magic.
The objective of the transaction is to finance an aggressive plan to expand internet and cutting-edge digital services to more homes in Peru. The target companies provide the fastest fibre-optic internet connection in Piura, Lambayeque and La Libertad in northern Peru.
As a result of the transaction, signed and closed on 7 November, Cala Servicios Integrales issued shares equivalent to 70% of its capital to Scale Capital Partners IV.
Estudio Lazo & De Romaña Abogados advised MIFibra Holding, initial shareholders of Cala Servicios Integrales.
The advice involved working under challenging deadlines and drafting and negotiating complex documents subject to Peruvian law, such as the investment agreement, the shareholders’ agreement and other documents ancillary to the transaction (pledge agreement, among others).
PPU’s team was led by partner Rafael Boisset (pictured), together with senior associate Victor Abad, and associate Jacqueline Febres.
