Bolivian investor ASAI Capital has called on several firms to acquire Peruvian consumer goods company Alicorp’s oil milling businesses in Bolivia, Peru and Uruguay.
The buyer relied on three Baker McKenzie offices, Bolivia’s PPO Abogados, Philippi Prietocarrizosa Ferrero DU & Uría (Peru) and Posadas in Montevideo.
Alicorp called on White & Case LLP in New York, Bolivian firm Dentons Guevara & Gutierrez, Garrigues (Peru) and Uruguay’s Guyer & Regules.
The deal was signed on 18 July. No value has been disclosed.
In the transaction, ASAI bought three oil milling companies from Alicorp: Industrias de Aceite in Bolivia, R Trading in Peru and Hammer in Uruguay.
The trio of acquisitions expands ASAI’s geographic reach across Latin America.
ASAI Capital is an investor that consists of experienced businessmen in various commercial sectors in Bolivia. Its objective is to invest in businesses with high growth potential in Bolivia.
Alicorp is present in eight Latin America countries and offers customers over 150 brands. Last year, it secured a US$150 million loan for its aquaculture subsidiaries.
Counsel to ASAI Capital
Philippi Prietocarrizosa Ferrero DU & Uría (Peru)
Partner Rafael Boisset and associates Alessandro Mussio and Steven Hu in Lima.
