El Salvador’s Grupo Calleja acquires Colombian retailer Almacenes Éxito

Publicado em 1/02/2024

Salvadoran company Grupo Calleja has acquired Colombian retailer Almacenes Éxito, and which has more than 2,600 stores across South America.

The transaction was one of the first dual tender offers for equity securities of a publicly traded company in Colombia.

Grupo Calleja acquired 86.84% of Exito’s issued and outstanding shares for an approximate purchase price of $1.2 billion.

US law firm Winston & Strawn acted as US counsel to Grupo Calleja, with a team led by Nicholas Rodriguez, and who was assisted by partners Sey-Hyo Lee in New York and Justin Hoffman in Houston. Associates Matthew Regens, Hannah Wilson Miller and Javier Daza also participated.

Grupo Calleja's advisors for the acquisition also included Banca de Inversión Bancolombia, Valores Bancolombia, and Philippi Prietocarrizosa Ferrero DU & Uría.

“The complex transaction involved the negotiation and execution of a pre-agreement with Casino and related affiliates,” Winston & Strawn’s Nicholas Rodriguez said.