The Vanguard International Group (Vanguard) and its partner Blue Road Capital, where advised by Hernández & Cía. Abogados in the indirect acquisition of the 100% stake of shares of Agrícola Challapampa S.A.C. and Corporación Agrícola Milagritos S.A.C., one of Peru´s leading producers of grapes, mandarin, and pomegranates, holding a jointly estimated farming area of 500 hectares.
This acquisition has been structured as a private equity transaction, including also a local financing from Scotiabank del Perú S.A.A. to the buyer in order to pay an important portion of the purchase price, making of this transaction one of the few sophisticated leverage buyout in our market.
The overall payment amount involved in this transaction is mantained as confidential by the parties.
The transaction was closed on May 24th, 2016.