Liberty Latin America buys Cabletica

The newly-created Latin American division of Liberty Group has closed its first financial operation, acquiring an 80% controlling stake of Cabletica.

Liberty Global, the leading telecommunications company entered into a partnership for the operation of Cabletica, the leading Costa Rican cable company.  The transaction involved the acquisition by Liberty of a 80% stake in Cabletica.

The transaction, which is subject to customary closing conditions, including regulatory approvals, is expected to close during the second half of 2018.

This is a high complex transaction. Is the most relevant transaction that takes place in the costa rican telecommunications market. Cabletica is a line of business conducted under the same corporate entity of other line of business that were not part of the deal. A subsequent series of conditions precedent added substantial complexity to the transaction

Consortium advised Televisora de Costa Rica S.A. through partners Rolando Lacle, Juan Manuel Godoy and Diego Salto and associate Monserrat Segura.

DLA Piper advised the Sellers in US law through Francisco Cerezo and Josseline Rodriguez.

Greenberg Traurig advised the buyer in US law thorugh Patricia Menéndez and Enrique Conde.

EY advised the buyer in Costa Rican law through Hernan Pacheco and Ana Sáenz.

In-house lawyers:

Roman Fallas, Televisora de Costa Rica 

Kelly Burguesser, Liberty Global