Davis Polk advised JPMorgan Chase Bank, National Association as administrative agent, and J.P. Morgan Securities LLC as arranger of the financing in connection with Cencosud S.A.’s $2.5 billion acquisition of the Colombian operations of Carrefour S.A., the world’s second-largest retailer by sales.
Cencosud S.A. is one of the largest retail conglomerates in Latin America with operations in Argentina, Brazil, Chile and Peru. Its businesses include supermarkets, home centers, department stores, shopping malls and financial services. Cencosud is publicly listed on the Santiago Stock Exchange.
The Davis Polk credit team included partner James A. Florack, counsel Norberto E. Quintana, associates Andrés Arnaldos and Samantha Hait and foreign temporary law clerk Gonzalo Chacón. Partner Samuel Dimon and associate Arie Rubenstein provided tax advice. Counsel Jeanine P. McGuinness provided regulatory advice. Mariee Pilkington was the legal assistant for the transaction. Members of the Davis Polk team are based in the New York and Washington DC offices.
