M&A Deal Summary

Almacenes Exito Sa Acquires Carulla Vivero SA

On August 19, 2006, Almacenes Exito Sa acquired retailer Carulla Vivero SA from ACON Investments for 715M USD

Acquisition Highlights
  • This is Almacenes Exito Sa’s 1st transaction in the Retail sector.
  • This is Almacenes Exito Sa’s largest (disclosed) transaction.
  • This is Almacenes Exito Sa’s 1st transaction in Colombia.

M&A Deal Summary
Date 2006-08-19
Target Carulla Vivero SA
Sector Retail
Buyer(s) Almacenes Exito Sa
Sellers(s) ACON Investments
Deal Type Add-on Acquisition
Deal Value 715M USD

Target

Carulla Vivero SA

Bogota, Colombia
Created through the merger of Almacenes Vivero and Carulla & Cia (both prior separate portfolio companies of ACON), Carulla Vivero is the second largest multi-format supermarket retailer in Colombia, operating under the format names Carulla, Vivero, Merquefacil, Surtimax and Home Mart.

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Buyer(S) 1

Buyer

Almacenes Exito Sa

Envigado, Colombia
Category Company
Sector Retail
DESCRIPTION

Almacenes Exito Sa is a leader in the retail business in Colombia with 427 stores in the country. Almacenes Exito Sa develop a multi-brand, multi-format, multi-industry and multi-business.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Colombia) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

ACON Investments

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

ACON Investments is an international private equity firm that targets investments in the US, Europe, and Latin America. ACON's investment strategy covers 'opportunities at times of change - responding at points of inflection where value creation is possible'. Examples include businesses that serve the rapidly growing US Hispanic population, energy and energy service needs, businesses in need of operational help, and opportunities in Latin America resulting from economic deregulation and political liberalization. ACON's looks for companies where it can commit $20 to $150 million of equity capital. Target sectors include consumer products and services, distribution, business services and industrial manufacturing. ACON Investments was formed in 1996 and has offices in Washington DC; Houston, Texas; Los Angeles, California; and Madrid, Spain.

DEAL STATS #
Overall 4 of 31
Sector (Retail) 1 of 3
Type (Add-on Acquisition) 2 of 16
Country (Colombia) 1 of 2
Year (2006) 1 of 1
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-11 GBarbosa

Aracaju, Brazil

Purchased from Royal Ahold, GBarbosa is the largest supermarket chain in Brazil’s northeastern state of Sergipe and the fifth largest supermarket chain in Brazil. At the time of exit, G Barbosa had a network of 32 stores (hypermarkets and supermarkets) in Brazil’s northeastern states of Sergipe and Bahia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-11 Peter Piper

Phoenix, Arizona, United States

Peter Piper is a pizza and entertainment restaurant chain operating 32 company-owned locations and 115 franchises in the southwestern U.S. and Mexico. Peter Piper was founded in 1973 and is based in Phoenix, Arizona.

Buy -
Mergr

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