Barros & Errázuriz advised Compañía de Seguros de Vida Consorcio Nacional de Seguros S.A. on the investment (convertible note), and following conversion of the same into shares of the Chilean payment platform PST Pago Fácil SpA (Pago Fácil), resulting from the sale of 100% of the shares of Pago Fácil to EVO Payments, Inc., one of the largest merchant acquirers and payment processors in the world.
Consorcio’s investment in Pago Fácil represented the first Chilean corporate venture capital investment of a traditional financial institution in a Fintech company, the sale of 100% of the shares of Pago Fácil to EVO Payments, Inc. represents one of the main exits of a Chilean startup.