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Pilar Ay

Pilar Ay

Associate
About

Pilar Ay focuses on representing venture capital investors and emerging growth companies through the corporate life cycle across a range of industries, with a particular focus on the technology sector.

Pilar advises emerging growth companies from formation to exit, regularly representing them in their venture capital financings, mergers and acquisitions, restructurings, and general corporate counseling.  Pilar’s experience includes representing companies in cross-border transactions, with a particular focus on companies and investors based in Latin America seeking to expand to the United States.

She also works with venture funds and corporate innovation units to manage legal and business issues that arise across their portfolio. She has extensive experience working with angel investors, venture capital funds, private equity funds, and other institutional investors in their portfolio investments and transactions.

Bar admissionsChile, 2019

EXPERIENCE

Venture Capital
  • Quant4x, a cryptocurrency investment platform, on an international reorganization process for the implementation of its new business model. The advisory included the creation of a new holding company in Delaware and transferring all of its relevant assets from its vehicle in Canada to this new entity in Delaware
  • A US VC investment fund on the negotiation and preparation of a bridge round with convertible notes in a US-based Agtech, which included the new investment of new capital, the exchange of previously issued securities for convertible notes and the securing of intellectual property as collateral for the notes
M&A
  • IMCD N.V., a global leader in the distribution of specialty chemicals and ingredients, in structuring, negotiating and signing a share purchase agreement for the acquisition of 100% of the shares of Blumos Group Companies
  • Uber - Cornershop, as joint counsel, in the acquisition of a majority stake in Cornershop by Uber Technologies, Inc. This transaction was awarded Private M&A Deal of the Year by Latin Lawyer 2021
  • Colbún S.A., one of Chile's largest electricity generators, in the acquisition of Efizity Group, a Chilean start-up, made up of four companies, dedicated to energy efficiency management and consultancy for regulated and non-regulated customers of the electricity system, with operations in Chile, Peru and Colombia
  • Arch Daily in the sale of its digital architecture platform ‘ArchDaily’ with operations in Chile, Mexico, USA, Hong Kong and China to the Swiss company, Architonic AG
Languages
  • English
  • Spanish
Education
  • Law, School of Law, Pontifical Catholic University of Chile, 2018
  • LL.M, University of California, Berkeley, 2023

Awards

Chambers Latin America

  • Associate to Watch, Chile Venture Capital (2022 – 2025)

The Legal 500 Latin America

  • Recommended, Chile Venture Capital (2022, 2024)

Additional Awards
  • Recognized, Best Lawyers®, Venture Capital, (2023-2025)
  • Best Corporate Governance Paper Award, "Independent Directors, A One Size Fits All Solution?”, UC-Deloitte Center for Corporate Governance, 2015

Media Mentions

  • Quoted, "Startups and legal risks: What are some of the most common and how to deal with them?" El Mercurio, October 17, 2024

Prior Experience

  • Foreign Associate, DLA Piper US, Palo Alto, 2023-2024

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