Transactions History Landmark | Transactions

Grupo Gilinski

Date: Feb 2024

Client: Grupo Gilinski

Counterparty: Grupo Nutresa

Industry: Food and Beverage, Financial Institutions

Amount: USD 2,500 million

Transaction:

Landmark Alantra acted as co-advisor to the Gilinski Group on their acquisition of a controlling stake in Grupo Nutresa through multiple public tender offers for Grupo Nutresa and Grupo Sura in Colombia. This was ultimately achieved through a swap agreement that involved shares of i) Grupo Nutresa ii) Grupo Sura acquired through the public tender offers and iii) Grupo Argos owned by Grupo Nutresa prior to the Transaction.

The Gilinski Group is a major economic conglomerate in Colombia and regionally, owning well-known companies such as GNB Sudameris, Grupo Semana, and Lulo Bank. Led by businessman Jaime Gilinski, the Group holds a significant footprint in the banking, media, fintech, and food sectors.

Incorporated in 1920, Grupo Nutresa is a Colombia-based food company and a leading player in the Latin American food industry. The company operates through eight business units: cold cuts, biscuits, chocolates, coffee, Tresmontes Luchetti, retail food, ice cream, pasta, and other products. Nutresa currently holds 50%+ of the market share in the relevant markets that it participates in Colombia, operates directly in 15+ countries, and generates sales in 80+ countries globally.

Landmark Alantra’s role included the financial advisory in the structuring of the dual bidding strategy for Grupo Nutresa and Grupo Sura through public tender offers, pricing strategy, and interactions with key shareholders. This deal is a significant milestone for both Landmark and the Colombian market since it was recognized as one of the most relevant public market M&A deals in the country's history.

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Feb 2024