Another successful business movement led by Isidoro Quiroga

This year, Isidoro Quiroga, the well-known Chilean businessman and founder and majority shareholder of Asesorías e Inversiones Benjamín SA, successfully took a new commercial step in his commercial career: he sold Enphase Energy, a Californian company , for the United States. $ 819 million with a profit of approximately $ 735 million.

Enphase Energy is a company specializing in the design and manufacture of home energy solutions, whether through solar energy, home energy storage or monitoring, or via the web. Quiroga had bought Enphase Energy in 2018 for US $ 20 million and in return took 9,523,809 million bonds, valued at US $ 2.10 each. Now he has sold 13,548,476 shares and received US $ 60.5 per unit.

After buying the company in 2018, he bought an additional 4 million bonds, paying an average of US $ 16 per bond. Isidoro Quiroga’s total investment in Enphase Energy was around US $ 84 million and he sold it nearly ten times as much, proving his business acumen. But this victory is far from being his first – or last – on the market.

In 2017, he achieved globally recognized success when he sold Australis Seafoods to the Chinese salmon company Joyvio (Lenovo’s parent company). While not the biggest sale on the market, it far exceeds the amounts of competitors such as Agrosuper, which bought AquaChile for US $ 850 million. He had bought the company in 2003, changed it from its core and turned it into an international salmon exporting company.

What is more remarkable about this beneficial transaction, however, is that in the same year he had led Australis Seafoods through a major crisis. 2018 was the year of the infectious salmon anemia virus (VISA) in Chile, which left many salmon production companies in Chile and Canada on the verge of bankruptcy. With the support of his team, they developed a suitable production model and Quiroga managed the crisis with firmness and success and, only in 2018, Australis Seafoods led the increases in the Chilean market, with a return of + 26.43% at $ 79,650 and completing + 56.15%. so far that year, a natural consequence of its rapid response capacity.

unlike others businessmen, Quiroga is not afraid to invest internationally. With the large sum of money he collected in these transactions, he managed to invest heavily in the Chilean stock market. He became an equity investor in companies such as Telefónica, Entel, Endesa, Banco de Chile, SQM and Pilmaiquén, among others. He is also involved in real estate projects such as Valle Escondido and in mining companies such as Minera Fuego. But his participation in the mining company is not limited to Chile: he is also the owner of the Junior Investment Company, an Australian mining company.

As for his investments in the region, he owns olive oil plantations and a wine production business in neighboring Argentina.

The Chilean businessman graduated as a commercial engineer from the University of Chile in 1974 and it was around this time that he started in the business world as a producer and exporter of oregano in the region of Valparaiso. But it is thanks to the Kiwi, a fruit hitherto unknown in Chile and which he encountered during a trip to the United States, that he will obtain one of his greatest commercial successes. The next step was diversification, followed by investments in the electricity and mining sectors. Today, the businessman operates through his family office, Inversiones Benjamin.

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