On December 15, 2020, two shareholders of Cadena Farmacenter S.A. transferred part of their shares to Grupo Cartes, after which the latter acquired majority control of the company, owner of one of the leading drugstore chains in the Paraguayan market for almost 4 decades, with more than 100 branches throughout the country and more than 1100 employees. These figures allow us to state that this is one of the most relevant M&A transactions in recent years in Paraguay.
During the negotiation process, the Sellers were constantly advised by the Vouga Abogados team from the very beginning of the negotiations. The process covered all aspects of the transaction, including the due diligence, the preparation, review and negotiation of the different transactional contracts, all of this together with the Alpax Paraguay team, the Sellers' financial advisors.
In accordance with the agreements signed with Grupo Cartes, the Sellers continue to be linked to the Farmacenter S.A. chain, which will allow them to contribute their successful experience, which is key during the transition process. Both groups are confident that the change will strengthen the growth plans of the Farmacenter chain.
If you would like to learn more about our Mergers and Acquisitions practice, please feel free to contact Rodolfo G. Vouga Z. (rgvouga@vouga.com.py), Perla Alderete (palderete@vouga.com.py) or Rodrigo Fernandez (rfernandez@vouga.com.py).
