Shearman & Sterling represented InRetail Perú Corp., a multi-format retail and real estate company and the retail arm of Intercorp Perú Ltd., in connection with its Rule 144A/Regulation S offering of US$400 million of common shares (excluding an over-allotment option granted to the Initial Purchasers). The common shares are listed on the Lima Stock Exchange.
This offering was the largest IPO in Peru since 2006. InRetail Perú operates Supermercados Peruanos, the second-largest supermarket chain in Peru, InkaFarma, the largest pharmacy chain in Peru, and Real Plaza, the largest shopping center manager in Peru. The proceeds from the offering will be used to finance InRetail Perú’s supermarket and shopping center growth plans.
The following Shearman & Sterling team advised the issuer: partnersAntonia Stolper (New York-Capital Markets) and Don Lonczak(Washington, DC-Tax) and associates Jesse Cuevas (New York-Capital Markets), Kevin Younai (New York-Capital Markets), Jeff Tate (Washington, DC-Tax), Dana Lord (New York-Capital Markets) and Zachary Bodmer (New York-Investment Funds).
