Atlantico Capital and members of the MAP Alliance advise Groupe Casino and GPA in the sale of Colombian retailer Grupo Éxito
FEB, 2024
Grupo Calleja, El Salvador’s leading food retailer, successfully completed the acquisition of 86.84% of Grupo Éxito. This remarkable transaction involved launching public tender offers in the USA and Colombia’s equity capital markets.
With a total consideration of approximately US$1 billion, this transaction marks a significant milestone as the largest-ever acquisition of a Central American retailer in South America. It is also noteworthy for being the first-ever dual tender offer executed in the Colombian and US capital markets. The successful completion of this complex transaction showcases the tenacity and dedication of all parties involved, from the principals to the lawyers and bankers.
Atlantico Capital, together with its MAP Alliance partners Metis Advisors in Brazil and CASE Corporate Finance in France acted as sell side advisors to Casino and GPA throughout this crucial strategic transaction. The close collaboration between the teams in Miami, São Paulo and Paris has been essential in facilitating the negotiations and building a trusted relationship between the parties.
We would like to congratulate Groupe Casino, GPA, and Grupo Calleja for such an important transaction.
