SMU has been sold in an Initial Public Offering
January 2017 — The private shareholders SMU have sold the company in an IPO.
SMU is a leading company in the Chilean food retail industry with a 21.4% of market share as of June 2016. The company started its activities in 2007 with the purchase of the supermarket chain Unimarc. Between 2007 and 2012, SMU integrated more than 60 supermarket chains throughout Chile, increasing its stores from 62 to 562. From 2013, SMU implemented a new strategy, focusing its efforts on profitability. Between 2013 and 2016, EBITDA margins increased from -1.1% to 5.5%. The significant performance improvement is the result of the company's profitability strategy.
Our role in the transaction
Oaklins' team in Chile acted as a joint bookrunner in this transaction.
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