Foley Hoag Represents Global Forest Partners in $350 million Acquisition of High Quality Forestland in Chile

July 07, 2020

Foley Hoag LLP assisted Global Forest Partners LP (GFP) with the creation of a timber investment fund (GFP Chile Timberland Holdings LLC) with an institutional investor and the subsequent acquisition of the Chilean forestry assets of Masisa S.A in a $350 million transaction that closed on June 26, 2020. The parties also entered into a long-term wood supply agreement. The acquisition was effected through a special purpose subsidiary, Forestal Tregualemu SpA.

Headquartered in Lebanon, NH, GFP is one of the oldest and largest forestry investment management organizations in the world, with over 30 years of experience managing timberland and related investments for institutional investors. On behalf of its managed funds, GFP has invested in high quality timberland and related manufacturing activities around the world, focusing primarily on international transactions since 1992. Today, GFP manages nearly 700,000 hectares of timberland in Australia, Brazil, Cambodia, Chile, Colombia, Guatemala, New Zealand and Uruguay. 

Foley Hoag attorneys James Smith, Meredith Haviland, Gwendolyn Jaramillo, Catherine Anderson and Anna Annino worked with Eyzaguirre y Cia, GFP’s long time Chilean counsel, to complete the transaction.