LarrainVial takes part in the year’s two IPOs, SMU and Tricot, which raised a combined more tan USD 350 million.
The Company joins Grupo Patio to acquire the Aurus Rentas Inmobiliarias fund.
Through Activa, its alternative assets division, LarrainVial enters the world of Venture Capital by joining with FenVentures, one of the industry’s local experts, in order to launch its first venture capital fund.
LarrainVial Corredora de Bolsa ends in first place in equity volume traded in the Santiago Stock Exchange and the Electronic Stock Exchange for a third straight year, with 20.3% market share.
LarrainVial leads the IPO of Empresas Lipigas, which raised over USD 150 million and ended a drought of more than three years without IPOs in the local market.
It also advised the first bond issuing by an investment fund in the Chilean market: Independencia Rentas Inmobiliarias placed USD 80 million in debt.
LarrainVial Asset Management launched its first investment fund focused in Argentina, named “Oportunidad Argentina”.
LarrainVial Corredora de Bolsa ends in first place in equity volume traded in the Santiago Stock Exchange and the Electronic Stock Exchange for a second straight year, with 19.9% market share.
In 2015 LarrainVial leads the ranking of equity volume traded in the Santiago Stock Exchange and the Electronic Stock Exchange, with a 17.9% market share. It also held the first place in the Commodities Exchange with a 44.9% in the invoice market share.
Empresas Lipigas made its debut in the capital market with its first bond placement in the local market for USD 140 million, transaction advised by LarrainVial as structuring and placing agent.
Meanwhile, Standard & Poor’s confirmed the BBB (Long Term) and A-2 (Short Term) counterparty credit ratings of LarrainVial Corredora de Bolsa, as well as the highest grade, AMP-1 (Very Strong), in Asset Management Practices of LarrainVial Asset Management for the third straight year.
LarrainVial merged its two areas dedicated to individual clients (Gestión Global and Red de Asesores Financieros) into a single Wealth
Management area known as Gestión Patrimonial.
LarrainVial Asset Management launched the new Ahorro Largo Nominal, España, Europa and Oportunidad Chile mutual funds. Also, new
alliances are set with Falcom Capital, Abante Asesores and EDM Asset Management.
LarrainVial S.A. strengthened its Corporate Governance by increasing the number of directors, incorporating independent directors and creating the Executive Chairman position. LarrainVial Corredora de Bolsa did the same by increasing its directors and modifying its structure in the Legal and Compliance area.
Meanwhile, LarrainVial S.A. signed an agreement with the Internal Revenue Service (IRS), the US tax authority, to adopt the FATCA (Foreign Account Tax Compliance Act) legislation.
Standard & Poor’s confirmed for the second year its AMP-1 (Very Strong) classification on LarrainVial Asset Management, reflecting its sound management of third-party resources.
After receiving authorization the year before, LarrainVial makes its debut in April as a broker dealer in the Colombian market.
In Chile, the company placed the only IPO of the year, by construction company Moller & Perez-Cotapos, for USD 92 million, and the brokerage house obtains the first place in stock trading for the third consecutive year in the Santiago Stock Exchange. Additionally, we opened our 11th Chilean branch in Copiapo.
LarrainVial closed one of the largest M&A transactions handled from Chile, involving developed markets: the buyout of Repsol Spain’s stake in Repsol Chile for USD 540 million.
In November, LarrainVial consolidated its regional presence when it received authorization to establish a stock brokerage firm in Colombia. It also structured the largest real estate fund in Peru, Fibra II, for USD 162 million.
LarrainVial Corredora de Bolsa closed 2012 logging 24 straight months as number one in equities trades in the Chilean market.
LarrainVial´s Asset Management arm launched a unique product for the Andean Market, the Luxembourg-based SICAV investment funds.
In January, LarrainVial structured the largest financial operation in terms of raising funds among third parties, with the sale of 40% of E-CL held by Codelco for USD 1.038 billion.
Moreover, LarrainVial Corredora de Bolsa earned the top spot in stock trades in the local securities exchange every single month of the year.
In Peru, LarrainVial began operating as a broker dealer in the local stock exchange under the name LarrainVial SAB.
Two new offices are inaugurated in Chile: in Temuco and La Serena. In September 2010, LarrainVial became Chile’s first financial outfit to be registered as a broker dealer in the United States.
For the second consecutive year, LarrainVial Corredora de Bolsa closed the year as the number one broker in equities and corporate bond trades in the Santiago Stock Exchange.
During 2009, the firm’s asset management arm, LarrainVial Administradora General de Fondos S.A., merged with Consorcio Administradora General de Fondos S.A., becoming the industry’s fourth-largest player overall and first among the non-banking players.
LarrainVial closed the year as the country’s number one broker in equities and corporate bond transactions in the Santiago Stock Exchange.
Branches were opened in Viña del Mar and Antofagasta. The family office area was created as part of Gestion Global, dedicated to the management of family fortunes. In 2007, the Capital Markets division launched an electronic trading platform whereby customers could access Brazilian and U.S. securities exchanges from Chile, without any need for oral communications.
Operations began in Colombia through the distribution of international third-party funds to institutional clients. Also, in Peru LarrainVial entered the fund structuring business by creating LarrainVial Sociedad Administradora de Fondos de Inversión (SAFI).
In Chile, the firm opened a branch in Valdivia. That same year, the Capital Markets area was officially created.
This year saw the creation of Gestion Global, a wealth management division focused on high net-worth clients, and LVA Indices, a company dedicated to building indexes for the LatAm market. LarrainVial also opened its third branch outside Santiago, in Puerto Montt.
Global Trust was born, the first local initiative in the Off-Shore Stock Market.
In 2001, the Investment Funds Management area was created, oriented to institutional investors. LarrainVial also launched the first official dollar desk at a nonbanking company and opened branches in Valparaiso and Concepcion.
In 2002, the first Commercial Paper were structured and LarrainVial became the first market maker in the local securities exchange.
In 2003, the Third-Party Product Distribution Desk (DP3) was created, representing and distributing funds of prestigious international fund managers. It also opened an office in Chillan.
In 2004 LarrainVial began operations in Peru. In Chile, it created the Asset Management and Corporate Risk Management divisions.
Founded by brothers Fernando and Leonidas Larrain Vial, by the 1950s LarrainVial was already one of the country’s most important brokerage houses.
In 1989, it conducted the first IPO for a private company, electric utility Pilmaiquen.
It also led the placement of a USD 110-million Endesa bond. In the early 1990s, the Research and Corporate Finance departments were officially created. This period witnessed an impressive wave of IPOs, including most notably Falabella, D&S and Santander Chile Holding.
LarrainVial Chile. Avenida El Bosque Norte 0177, 1st Floor. Las Condes, Santiago, Chile.