Morales & Besa advises AD Retail S.A. in purchase of Dijon

March 21, 2014

Morales & Besa successfully advised Chilean retailer AD Retail S.A., owners of the electronic retail chain ABC Din (with 81 stores in Chile) completed the purchase of clothing chain Dijon (itself with 64 stores).    The deal was financed by a mixture of debt finance; capital increase; and an additional injection from shareholders. In addition to Dijon’s retail business, ABC Din will acquire a portfolio of some 70,000 cardholders, which will add to the 700,000 that ABC Din currently own.  The transaction was for an amount of US$54 million.

In the transaction the M&B team was led by partners Eugenio Besa J-H., Macarena Laso A. and Michel Diban G. with associate Maria Teresa Manubens B.