Milbank LLP is advising Cencosud S.A., one of the largest and most prestigious retailers in the Americas, in connection with its acquisition of leading Colombian retailer Makro Supermayorista S.A.S. from affiliates of SHV Holdings N.V. Closing of the transaction is subject to certain customary closing conditions, including the receipt of regulatory approval.
Makro Supermayorista has more than 25 years of experience in Colombia and operates 21 stores in 16 cities, including Bogotá, Medellín, Cali and Barranquilla, with a wholesale-focused value proposition aimed at professional customers and entrepreneurs.
“We are proud to have worked with a world-class retailer like Cencosud on another landmark transaction that underscores our team’s experience handling high-profile transactions across Latin America,” said Marcelo Mottesi, chair of Milbank’s Corporate Finance and Securities practice and co-head of the firm’s Latin America group.
Milbank Global Corporate/M&A partner Francisco Nuñez added, “We are pleased to be advising Cencosud on this significant acquisition in Colombia, which underscores Milbank’s market-leading capabilities advising on complex M&A transactions across Latin America.”
The Milbank team was led by partners Marcelo Mottesi and Francisco Nuñez and associates Katerina Dvalishvili and Nick Curcio. The Milbank team also included Intellectual Property special counsel John Garces; Tax partner Max Goodman and associate Mariam Bojalil; and Global Risk & National Security partner Bijan Ganji, special counsel Pinky Mehta and associate Lauren Trushin.
