SMU S.A.’s $200 Million Initial Public Offering


Prieto, Dechert, Morales & Besa and Simpson Thacher & Bartlett have advised on the transaction

Retail group SMU finalized its initial public offering in Santiago on Tuesday, raising around $200 million.

SMU S.A. operates various supermarkets in Chile. The company, led by Marcelo Patricio Gálvez Saldías, Arturo Silva Ortiz, Fernando Antonio Lavenás, Fernando Ureta Rojas and Mauricio Halpern Álamos, operates supermarkets under the Unimarc, OK Market, and Telemercados names.

BTG Pactual US Capital, LLC, LarrainVial Securities US, LLC and Itaú BBA USA Securities, Inc. acted as Underwriters on the transaction.

Prieto has advised SMU S.A. with Juan Tagle (Picture), Leonidas Prieto, Isabel Margarita Wolleter and Pablo Ochagavía.

Dechert has advised SMU S.A. with Howard Kleinman, Derick S. Kauffman, Steven Lorch, Amanda Reed, Ricardo Abogabir, Alejandro Isaac and Diego Giay.

Morales & Besa has advised BTG Pactual US Capital, LLC; LarrainVial Securities US, LLC and Itaú BBA USA Securities, Inc. with Guillermo Morales, Matías Langevin, Andrea Díaz, Vicente Valdés, María José Rojas and Javiera Veloso.

Simpson Thacher & Bartlett LLP has advised BTG Pactual US Capital, LLC; LarrainVial Securities US, LLC and Itaú BBA USA Securities, Inc. with Juan Francisco Méndez, Robert E. Holo, Juan M. Naveira, William Smolinsky and Francisco Zappa.

Involved fees earner: Juan Tagle – Prieto; Isabel Margarita Wolleter – Prieto; Pablo Ochagavía – Prieto; Leonidas Prieto – Prieto; Guillermo Morales – Morales & Besa; Matías Langevin – Morales & Besa; Andrea Díaz – Morales & Besa; Vicente Valdés – Morales & Besa; María José Rojas – Morales & Besa; Javiera Veloso – Morales & Besa; Howard Kleinman – Dechert; Derick Kauffman – Dechert; Steven Lorch – Dechert; Amanda Reed – Dechert; Juan Francisco Mendez – Simpson Thacher & Bartlett; Juan Naveira – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; William Smolinski – Simpson Thacher & Bartlett;

Law Firms: Prieto; Morales & Besa; Dechert; Simpson Thacher & Bartlett;

Clients: BTG Pactual; Itaú BBA USA Securities; SMU S.A. ; Larraín Vial S.A.;

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Author: Ambrogio Visconti.