DLA Piper advises Comunidad Feliz Holdings on cross-border sale of shares

DLA Piper advised Comunidad Feliz Holdings, Inc. (CF US), a building management software startup, on a Share Purchase Agreement with global leading software consolidator Visma.

The agreement involves the sale of 100 percent of Comunidad Feliz Chile shares, inclusive of subsidiaries Comunidad Feliz Mexico and CF Corredora. Structured as an initial acquisition of 55 percent of Comunidad Feliz Chile's shares, the remaining balance of the transaction will be divided into three tranches of 15 percent, each over a three-year period that will be contingent upon earn-outs.

Leveraging its cross-border capabilities, DLA Piper provided counsel in the due diligence process, prepared disclosure schedules, and facilitated an international reorganization prior to closing that ensured Comunidad Feliz Mexico became a subsidiary of Comunidad Feliz Chile. DLA Piper also designed the acceleration structure for outstanding employee stock options and the distribution of a dividend to CF US shareholders.

“This complex cross-border transaction demonstrates DLA Piper’s strength in providing clients with tailored, end-to-end support that maximizes outcomes. It also highlights the capabilities of Chilean entrepreneurs and adds a new but uncommon exit for the local startup ecosystem, reinforcing Latin America’s growing role in the global innovation landscape,” said Francisco J. Cerezo, Chair of the firm’s US-Latin America Practice. “Through our local insights and global capabilities, we are proud to support a milestone that showcases Latin America’s growing influence in the global tech ecosystem and delivers meaningful value to founders and investors alike.”

The DLA Piper team consisted of Partners Matías Zegers (Santiago) and Keith Ranta (Washington, DC); Associates Pilar Ay, José Ignacio Marín, Jacinta Irarrázabal, Francisco Argüello, Macarena Longás, Ignacio Abogabir, Paloma Sepúlveda (all Santiago), Ricardo Mendoza, Jorge Flores, Eduardo Gallastegui (all Mexico City), and Luyao Zhang (Washington, DC); and Tax Consultant Sebastián Camus (Santiago).

DLA Piper in Latin America’s team offers full-service business legal counsel to domestic and multinational companies with interests in and operations throughout the region. Our integrated approach to serving clients combines local knowledge with the resources of the DLA Piper global platform. With more than 400 lawyers practicing throughout Argentina, Brazil, Chile, Mexico, Peru, and Puerto Rico, in addition to our US-based cross-border attorneys, our teams frequently work with our professionals throughout the LatAm region, Iberian Peninsula, and around the globe. DLA Piper’s global platform of 90+ offices in more than 40 countries enables us to serve all our clients’ legal and business needs, whether they are based in Latin America or wish to do business there. For more information, visit Latin America | DLA Piper.