S&C Advises Carrefour in $1.3 Billion Acquisition of Grupo BIG BrasilApril 8, 2021
A Brazilian subsidiary of Carrefour S.A. has reached an agreement with Advent International and Walmart Inc. to acquire Grupo BIG Brasil—Brazil's third-largest food retailer—for approximately $1.3 billion. The transaction is expected to close in 2022.
Carrefour is one of the world's leading food retailers, operating a network of around 13,000 stores in more than 30 countries. The transaction strengthens Carrefour's presence in Brazil, its second-largest market. Together Carrefour and Grupo BIG will operate 876 stores in Brazil. S&C advised Carrefour regarding New York-law governed agreements in connection with the transaction.
The S&C team advising Carrefour included Sergio Galvis, Werner Ahlers, Mehdi Ansari, Rachel Yu, Fabio Weinberg and Christina Cheung. Richard Pollack, Jeremy Kutner, Whitney Chatterjee, Andrew Finn and Jennifer Elworth made valuable contributions.