Simpson Thacher represented Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Banco BTG Pactual S.A., as initial purchasers, in connection with the initial equity offering by InRetail Peru Corp.
InRetail Peru Corp.’s common shares were listed on the Lima Stock Exchange and sold internationally to qualified institutional buyers in the United States in reliance on Rule 144A and to non-U.S. persons outside the United States in reliance on Regulation S. The transaction raised US$400 million in gross proceeds for InRetail Peru Corp.
InRetail Peru Corp. is a multi-format retailer in Peru with leading market positions in the supermarket, pharmacy and shopping center segments. InRetail Peru Corp. is controlled by Intercorp Peru Ltd., one of Peru’s largest business groups.
The Simpson Thacher team for this transaction included Juan Francisco Mendez, Michele Murphy and international associate Luis Miguel Elias (Capital Markets); John Cantor and Danny Salinas (Tax).
