S.A.C.I. Falabella has been sold to Private investors

The Del Río family has sold S.A.C.I. Falabella to private investors.

S.A.C.I. Falabella operates as an online and offline retail product and service company in Latin America. The company sells a range of products, including clothing, accessories, home products, electronics, beauty products and others under the Falabella brand. It operates through department stores, home improvement stores, supermarkets, Promotora CMR, real estate and other business segments. Its home improvement stores sell building and home improvement products, such as building materials, hardware, tools, and accessories for kitchen, bathroom, garden and decoration, and other products primarily under the Sodimac brand. In addition, the company operates hypermarkets and supermarkets under the Tottus brand. S.A.C.I. Falabella constructs, administers, operates, manages, leases and subleases stores and malls. It also provides credit to individuals through the CMR credit cards; banking services, including current accounts, term deposits, mortgage and consumer loans, and mutual funds; insurance brokerage services; and travel agency services. The company operates 491 stores, 42 shopping centers and 261 bank branches in Chile, Peru, Colombia, Argentina, Brazil, Uruguay and Mexico.

Oaklins' team in Chile advised the Del Rio family and acted as bookrunner in the block trade sale transaction.