Representation of Almacenes Exito, S.A., the largest retailer in Colombia, in connection with its acquistion of Colombia's number two retailer, Carulla Vivero, S.A. in Latin Finance magazine's 2006 "Deal of the Year"

Firm Role: Buyer's Counsel

Hughes Hubbard represented Almacenes Exito, S.A., the largest retailer in Colombia, in connection with its acquisition of a controlling interest in Colombia’s number two retailer, Carulla Vivero S.A., from Newbridge Andean Partners, L.P. (a private equity fund managed by ACON Investments LLC) and Carulla’s founding family shareholders. Together, Carulla and Exito will operate more than 260 retail outlets, including supermarkets, supercenters, hypermarkets, warehouse clubs and convenience stores throughout Colombia, with combined revenue of more than USD $2.4 billion.  This $700 million purchase was named 2006 "Deal of the Year" by Latin Finance magazine in the Domestic M&A category.