Hernández & Cía. Abogados has advised The Abraaj Group – leading investor operating in global growth markets – in the acquisition of a stake of “Urbano Express”, courier and logistics solutions company in Latin America, with operations in Peru, Ecuador and El Salvador.
The holding company acquired by The Abraaj Group controls –to the date- a total of 8 companies in 3 countries, which includes, among others: (a) Urbano Express Perú S.A. and Georetail Perú S.A.C.; in Peru; (b) Urbano Express S.A. Rapiexx, Sepricarga Cía. Ltda and Solulaser Soluciones Laser S.A., in Ecuador; and, (c) Urbano Express S.A. de C.V. and Mailroom Management Home Delivery Express S.A. de C.V., in El Salvador; making “Urbano Express” a market leader for document delivery services in the abovementioned three countries, since it gathers an unique distribution networks of, approximately, 85% of the population.
As part of the business plan negotiated with the minority shareholders (Grupo Cedro S.A.), there is the intention to expand activities of “Urbano Express” to other markets in Latin America, such as Chile and Colombia, and growth in e-commerce, call centers, customs, “shop and ship”, among others services, reason why it has been reserved by The Abraaj Group an investment range to the business between US$20MM and US$50MM.