M&A advisory services in Chile
Chile's technology M&A market is the most institutionally predictable in Latin America - open FDI regime, stable legal framework, and an established PE community running B2B SaaS and fintech consolidation plays from Santiago.
Exits including Cornershop's Uber acquisition and growing interest in Buk, Xepelin, and Cumplo from regional strategics and global PE illustrate the depth of available acquirer pools for well-prepared Chilean businesses.
We work with both bootstrapped and venture-backed Chilean founders, connecting them to our network of PE sponsors and strategic acquirers operating across Chile and regionally; our lean, KPI-driven end-to-end process - from initial preparation and positioning through to negotiation and close - is built to maximise proceeds without disrupting the business.
UK
Ireland
France
Germany
Spain
Portugal
Italy
Netherlands
Belgium
Switzerland
Austria
Denmark
Sweden
Norway
Finland
Iceland
Poland
Czech Republic
Slovakia
Hungary
Romania
Greece
Croatia
Estonia
Latvia
Lithuania
Malta
US
Canada
Mexico
Brazil
ArgentinaChile
Colombia
Peru
Uruguay
Panama
Ecuador
Dominican Republic
Israel
UAE
Saudi Arabia
Qatar
Kuwait
Bahrain
South Africa
Nigeria
Kenya
Egypt
Morocco
Rwanda
India
Kazakhstan
Turkey
Australia
New Zealand8
Chile tech M&A deals in the last 12 months
$70M
Chile median tech M&A valuation
3.2x
Chile median tech M&A revenue multiple
$159M
Chile biggest tech acquisition in the last 12 months
Selling your tech company in Chile
Chilean M&A follows Latin American mid-market conventions with country-specific overlays around the SII tax authority, free-trade-related considerations and the SpA/S.A. corporate structures.
Completion accounts dominate
Chilean private M&A is predominantly completion-accounts based, with detailed working-capital target and adjustment mechanics. Locked-box has limited adoption.
W&I insurance is growing
Warranty & indemnity insurance is becoming more common in Chilean deals above roughly USD 25M. Premiums (2-3% of cover) typically split between buyer and seller.
FNE merger control
FNE (Chilean Competition Bureau) reviews transactions above the relevant turnover and asset thresholds. Most pure-tech tuck-in deals don't trigger; large strategic deals routinely do.
Capital gains for founders
Chilean individuals are taxed on share disposal gains as part of Impuesto Global Complementario (up to 40%) or under specific Article 107 rules for listed/qualifying shares. Offshore holding structures (Delaware, US) materially shape the post-tax outcome.
Foreign investment treatment
Chile's foreign investment regime is among the most liberal in Latin America. DL 600 historical foreign investment statute has been replaced by the Foreign Investment Promotion Agency (InvestChile) framework. Most pure-tech deals operate without sector-specific approval.
Cross-border tax considerations
Most material Chilean tech exits involve offshore (Delaware) holding entities. Chilean source-rule taxation can apply to sales deriving substantial value from Chilean assets. Requires careful pre-sale planning around source rules and structuring.
Recently acquired tech companies in Chile
Biggest M&A recently in Chile was a $159M acquisition of Falabella (Colombia operations) by Falabella in January 2026.
See all M&A deals in Chile| Logo | HQ | Description | Buyer | ||||
|---|---|---|---|---|---|---|---|
Jan-26 | Falabella (Colombia operations) | | Falabella operates in Colombia as part of S.A.C.I. Falabella, a Chilean retail conglomerate founded in 1889 that has expanded across South America. In Colombia, the company runs department stores, Sodimac home improvement centers, Banco Falabella financial services, and the Mallplaza shopping center network. Banco Falabella Colombia ranks as the country's fourth-largest credit card issuer. The group also operates an e-commerce platform, falabella.com, serving the Colombian market. Across its Latin American footprint — Chile, Peru, Colombia, Argentina, Brazil, and Mexico — the parent company employs more than 29,000 people and operates over 100 department stores alongside its diversified retail and financial services businesses. | Falabella | $159M | 0.2x | |
Dec-25 | ComunidadFeliz.com | | - | Visma | $70M | 6.1x | |
May-25 | Kame ERP | | Kame ERP is a Santiago-based software provider delivering cloud-based financial and accounting systems tailored for small and medium enterprises in Latin America. Its platform handles invoicing, payroll processing, inventory management, and tax compliance through an intuitive interface. Deployed across Chile and neighboring countries, the system integrates with local banking services and e-commerce tools to streamline operations for retail and service businesses. | Siigo | $6.0M | - | |
May-26 | BackSpace | | BackSpace provides business intelligence solutions via process automation and advanced analytics. | Apiux Technology | - | - | |
Mar-26 | Paket | | Paket is a digital platform enabling logistics and shipping services. | Carryt | - | - | |
Aug-25 | Bemmbo | | Bemmbo is a Santiago, Chile-headquartered fintech founded in 2022 automating accounts payable and receivable for Latin American SMEs. It processes invoices via OCR and API, handling payments in CLP, USD, and BRL across 10 countries. Bemmbo serves 2,000 companies, cutting processing time by 80% through integrations with banks like BancoEstado. | Buk | - | - | |
Jun-25 | Talana | | Talana is a Santiago-based HR technology platform that automates payroll processing, electronic signatures, and employee management for Chilean companies. It handles compliance with local labor laws and integrates with banks like BancoEstado for direct deposits. The SaaS tool supports over 1,000 SMEs with self-service portals. | Visma | - | - | |
Jun-25 | TrackTec | | TrackTec is a Santiago-based provider of fleet telematics for mining and transport in Chile and Latin America. The modular platform installs GPS units with CAN bus readers for real-time data on engine hours, tire pressure, and driver fatigue via facial recognition cameras. TrackTec equips over 10,000 vehicles for clients like Codelco copper mines. | Vela Software | - | - |
Who is buying tech companies in Chile?
Visma, Vela Software and Apiux Technology are the most active acquirers in Chile.
See all acquirers in Chile| Logo | HQ | Description | Key acquisitions | ||
|---|---|---|---|---|---|
Visma | | Visma is an Oslo-headquartered SaaS group delivering accounting, HR, and administration software across Northern Europe and beyond. Organized into Software SMB, Software Government & Large Accounts, and Business Process Outsourcing divisions, it powers operations for 1.7 million customers in 13 countries with products like Visma.net ERP and eAccounting. The company maintains a presence in Norway, Sweden, Finland, Denmark, and expanding markets. | ComunidadFeliz.comTalanaRindegastos+2 | 4 | |
Vela Software | | Vela Software is a Montreal-headquartered operating group under Constellation Software Inc., focusing on vertical market software for construction, professional services, public safety, and manufacturing sectors. It oversees a portfolio of specialized ERP, accounting, and field service applications tailored for small to mid-sized businesses. Acquired brands deliver CRM, project management, and compliance tools used by thousands of firms across North America and Europe, emphasizing reliable, industry-specific functionality. | TrackTecSAMTECHSysopen | 2 | |
Apiux Technology | | Apiux Technology is a Mexican digital transformation consultancy providing strategy, custom software, and SaaS products like Docux for document management, Captux for data capture, and Librux for library automation. Mexico City-headquartered Apiux serves public sector agencies and enterprises in Latin America with cloud migrations and process automation. The firm supports over 200 organizations across government and education since 2015. | BackSpaceNectia Software | 2 | |
Carryt | | Carryt is a last-mile delivery platform leveraging gig drivers and route optimization software. The service operates in urban India, assigning optimized paths to couriers for e-commerce parcels. Carryt emphasizes efficiency and driver impact through technology-driven dispatching. | Paket | 1 | |
Siigo | | Siigo is a Bogotá-headquartered software provider offering cloud-based accounting and administrative tools for Latin American SMEs. The platform covers invoicing, payroll processing, inventory tracking, and tax compliance features compliant with Colombian regulations. Siigo integrates with banking systems and e-commerce gateways, serving businesses across Colombia, Peru, and Mexico. | Kame ERPAspel | 1 | |
Falabella | | Falabella SA is involved in offering products and services in five business divisions: department stores, home improvement, supermarkets, financial services, and real estate. All business segments operate in South American countries. The largest division by revenue, financial services offers access to credit by combining traditional financial business with proximity to customers through retail formats. Home improvement has a diverse customer base: from individuals to construction-sector players and corporates. This segment's main categories are construction materials, home improvement products, home accessories and furniture. The department stores segment offers various brands such as private brands, second generation, exclusive brands, and international brands. | Falabella (Colombia operations)Linio | 1 | |
Buk | | Buk is a cloud-based HR management system serving Latin American companies from Santiago, Chile. The platform unifies payroll processing, time tracking, recruiting, and benefits administration. Buk's mobile app enables document e-signing and payslip access for employees. It complies with local labor laws in Chile, Peru, and Colombia. | Bemmbo | 1 | |
Achilles Group | | - | InfocontrolGlobal Risk Management SolutionsGoSupply | 1 | |
Komatsu |  | Komatsu, headquartered in Tokyo, is the world’s second-largest manufacturer of construction, mining, and utility equipment, with a legacy dating back to 1921. Operating in over 150 countries, Komatsu delivers a full suite of heavy machinery, intelligent solutions, and lifecycle services across infrastructure, energy, natural resources, and industrial sectors. | Octodots AnalyticsGHH GroupAmerican Battery Solutions+1 | 1 | |
Vesta Software Group | | Vesta Software Group is a Boston-headquartered firm that acquires, manages, and scales software companies in vertical markets like public safety, construction, and healthcare. Its portfolio includes over a dozen businesses providing ERP, CRM, and compliance tools to enterprise clients. The group focuses on buy-and-build strategies to consolidate fragmented sectors, serving industries through SaaS platforms. | AmisoftSK TrendArenimTel+2 | 1 |
Public tech companies in Chile
Entel is Chile's largest publicly listed tech company, with a market cap of $1.3B.
See all public companies in Chile| Logo | Description | Sectors | ||||||
|---|---|---|---|---|---|---|---|---|
Entel | Empresa Nacional de Telecomunicaciones SA is a telecommunications company. It generates revenue from the provision of mobile, voice, and Internet services to individuals, households, and consumers. From a product perspective, the majority of revenue is derived from mobile. The company generates the vast majority of its revenue in Chile. The company also has operations in Peru, although the majority of revenues are sourced within Chile. Additionally, the company is an owner of a telecommunications infrastructure, specifically data centers and fiber networks. It derives revenue from renting out this infrastructure to would-be mobile virtual network operators entering the Chilean market. | $4.17 | +36.8% | $1.3B | $3.5B | 1.0x | ||
Sonda | Sonda SA provides information technology solutions and services. The firm has IT Services, Applications, and Platform segments. The company provides its products and services to banking, education, governance, health, manufacturing, mining, retail, transportation and utility industries. It operates mainly in Argentina, Brazil, Chile, Columbia, Costa Rica, Ecuador, Mexico, Panama, Peru, and Uruguay. | $0.303 | -22.8% | $264M | $651M | 0.4x | ||
Z | ZeroQ | ZeroQ is a Santiago-based IT firm specializing in mobile application development and big data analytics. It creates custom apps for e-commerce, logistics, and fintech sectors. | $20.46 | - | $14M | $14M | - | |
Rebrisa | Rebrisa SA operates as an investment holding company. Its current holdings are predominantly engaged in activities involving the sale of elements and consulting in cybersecurity and home security. Through its holdings, the company operates in the following segments; Security Monitoring System Services, Sale of safety items, and Leasing of real estate. A majority of its revenue is generated from the Security Monitoring System Services segment which provides; home security services by signal monitoring; cybersecurity services aimed at protecting and ensuring the privacy of information from public and private entities; and protecting the data and information processing cycle from a cyber attack in real-time. | $0.000 | - | $1.8M | $3.4M | - |
Why Flow Partners as your M&A advisor
Access to relevant buyers
We have extensive network and direct access to world's most prominent financial and strategic buyers, cultivated through years of successful M&A track record across bulge bracket investment banking.
No corporate red tape
We run lean deal processes, without BS, unnecessary time-wasting efforts and corporate inefficiencies. Our approach values candor, transparency and high-impact work to make sure great deals get done.
Thorough preparation
KPI-driven storytelling is more art than science. We have unmatched understanding of digital businesses and are experts in building sharp equity stories that present your business in a clear, concise manner.
Optimize value, not valuation
Valuation is only one side of the medal. We help creating attractive and efficient transaction structures that bridge incentive gaps between sellers, buyers and management teams.
We provide M&A advisory services across Chile and beyond
Sector expertise
Explore our M&A advisory offering across a variety of tech sectors in Chile.
Software
Vertical and horizontal SaaS, AI-native software products, infrastructure SaaS, cybersecurity
AI & ML
Foundation models, AI applications, AI infrastructure, semiconductors, AI consulting
Fintech
Neobanking, online payments, fintech infrastructure, lending platforms, wealth tech, online brokerage, vertical FS software
Consumer internet
Consumer software subscription platforms, edutech, online content, social networks, online dating
Digital media
Streaming platforms, mobile and console gaming, content distribution, digital publishing, VR & AR
E-commerce & marketplaces
Consumer and B2B marketplaces, inventory-based e-commerce, classifieds, lead generation platforms
Consumer products
Direct-to-consumer (D2C) brands, consumer electronics, smart home devices, lifestyle products
Mobility
Ridesharing, micromobility, food delivery, logistics tech, autonomous tech, EV charging infrastructure
Digital health
Digital therapeutics, telemedicine, mental health solutions, EHR and practice management, vertical healthcare SaaS
Industrial technology
Industry 4.0 solutions, 3D printing, climate tech, industrial IoT, robotics, smart manufacturing
Digital infrastructure
Data centers, cloud infrastructure, edge computing, network security, vertical infrastructure SaaS
IT services
Software development and testing, digital transformation, cloud services, advertising agencies, IT support services
Selected case studies
We've closed sell-side and buy-side transactions across European, US and emerging-market tech.
Our M&A track record spans strategic exits to corporate acquirers, PE buyouts, and cross-border deals where regulatory and structuring complexity actually matters.
We acted as exclusive sell-side advisor to MAILINGWORK, a Chemnitz-based email marketing software platform, on its sale to French digital marketing leader Positive Group.
Recently completed M&A advisory projects
Selected M&A transactions and prior deal experience.
Got questions?
Schedule a call ordrop us an email to learn more about our CFO-as-a-service, capital raising and M&A advisory offering.
More services
M&A is the ultimate goal, but we play a long game. We're your fractional CFO to help you build financial discipline, and advise you on raising growth capital.
Fractional CFO in Chile
We integrate into your workflows to help with financial modelling, build out FP&A tech stack, and ultimately provide guidance towards an M&A or raising venture capital.
Learn moreVC fundraising in Chile
We help you prepare materials, reach out to investors in our extensive network, negotiate fair term sheets and structure the VC round.
Learn moreTalk to us
Schedule a call to get a health check on your business and see how we could help.
Fractional CFO
- Fractional CFO for Software
- Fractional CFO for AI & ML
- Fractional CFO for Fintech
- Fractional CFO for Consumer internet
- Fractional CFO for Digital media
- Fractional CFO for E-commerce & marketplaces
- Fractional CFO for Consumer products
- Fractional CFO for Mobility
- Fractional CFO for Digital health
- Fractional CFO for Industrial technology
- Fractional CFO for Digital infrastructure
- Fractional CFO for IT services
Stages
Countries
- UK Fractional CFO
- Ireland Fractional CFO
- France Fractional CFO
- Germany Fractional CFO
- Spain Fractional CFO
- Portugal Fractional CFO
- Italy Fractional CFO
- Netherlands Fractional CFO
- Belgium Fractional CFO
- Switzerland Fractional CFO
- Austria Fractional CFO
- Denmark Fractional CFO
- Sweden Fractional CFO
- Norway Fractional CFO
- Finland Fractional CFO
- Poland Fractional CFO
- Estonia Fractional CFO
- US Fractional CFO
- Canada Fractional CFO
- Mexico Fractional CFO
- Brazil Fractional CFO
- UAE Fractional CFO
- Australia Fractional CFO
Cities
- London Fractional CFO
- Dublin Fractional CFO
- Paris Fractional CFO
- Berlin Fractional CFO
- Madrid Fractional CFO
- Lisbon Fractional CFO
- Milan Fractional CFO
- Amsterdam Fractional CFO
- Brussels Fractional CFO
- Zurich Fractional CFO
- Vienna Fractional CFO
- Copenhagen Fractional CFO
- Stockholm Fractional CFO
- Oslo Fractional CFO
- Helsinki Fractional CFO
- Warsaw Fractional CFO
- Tallinn Fractional CFO
- New York Fractional CFO
- Toronto Fractional CFO
- Mexico City Fractional CFO
- São Paulo Fractional CFO
- Dubai Fractional CFO
- Sydney Fractional CFO