Sun Dreams’ $26 Million Acquisition of four gambling operations in Peru


CMS Carey & Allende, CMS Grau and Rodrigo, Elías & Medrano advised on the deal

Sun Dreams S.A. has entered into and concluded a share purchase agreement with Thunderbird Resorts Inc. and Casinos Peruanos S.A., whereby Sun Dreams has agreed to acquire from the sellers 100% of certain Peruvian companies that operate four gambling operations in Peru and which includes certain immovable property on which one of the casinos is located, on terms and conditions more fully set out in the SPA and as summarized below.

The four gambling operations owned by the sellers are responsible for operating casinos, restaurants, slot machines and/or other gaming and leisure and entertainment related businesses throughout Peru. The immovable property which Sun Dreams intends purchasing is the property on which the Fiesta Casino is located in Lima, Peru.

CMS Carey & Allende advised Sun Dreams with Jorge Allende Destuet (Picture) and Enrique Vergara.

In Perù, CMS Grau advised Sun Dreams Juan Carlos Escudero, Carlos Calderón and José Antonio Onandia.

Rodrigo, Elías & Medrano advised Thunderbird Resorts with Gino Sangalli Ratti and Sergio Silva Tapia.

Involved fees earner: Jorge Allende D. – CMS Carey & Allende; Enrique Vergara – CMS Carey & Allende; Juan Carlos Escudero Velando – CMS Grau Abogados ; Carlos Calderon – CMS Grau Abogados ; Jose Antonio Onandia – CMS Grau Abogados ; Gino Sangalli – Rodrigo, Elías & Medrano Abogados; Sergio Silva Tapia – Rodrigo, Elías & Medrano Abogados;

Law Firms: CMS Carey & Allende; CMS Grau Abogados ; Rodrigo, Elías & Medrano Abogados;

Clients: Sun Dreams S.A.; Thunderbird Resorts, Inc.;

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Author: Ambrogio Visconti.