Jiménez de Aréchaga led the acquisition of supermarket chain Tienda Inglesa
Jiménez de Aréchaga led the acquisition of this important supermarket chain in Uruguay.
The agreement consisted of the acquisition of 100% of the shareholding in Tienda Inglesa, and included all the real estate owned by the sellers. The deal closed after several months of negotiations with the sellers, mainly members of the Henderson family. This family owned the business for three generations.
“It should be noted that this was a very much expected deal in the Uruguayan business community, given that several investors throughout the last two decades had expressed their willingness to acquire Tienda Inglesa, including very well-known multinational companies and private investors. However, all these attempts were trumped. This implied very hard work on the part of the buyers, negotiating both with the majority and the minority shareholders, in order to serve the purpose of the buyer to acquire 100% of the shares in the company. This deal had the additional particularity that the multiparty sellers had different bargaining positions and different demands, and this entailed for us having to deal with individual emotions and personal issues that always arise when such an important family business is sold after several years of successful activity in the country”, said Nicolas Herrera.
Once again we thank the trust that the new owners of Tienda Inglesa have deposited in our firm in order to deal this important acquisition.