Mifarma S.A.C. has acquired Boticas Arcangel (Albis S.A.)

The Peruvian holding group Quicorp, through its subsidiary Mifarma S.A.C. (Mifarma), has acquired Albis S.A., which owns Boticas Arcangel. Financial details will remain confidential.

Mifarma is the retail pharmaceutical company of Quicorp, a diversified holding present in six Latin American countries. Quicorp is the second most important player in the retail pharmaceutical industry in Peru, with 640 retail stores involved in the manufacturing, sale and distribution of pharmaceuticals, as well as being the representative for other consumer goods and marketing services.

Boticas Arcangel is dedicated to the retail sale and distribution of pharmaceutical products. Ranked the third most important player in the local retail pharmaceutical industry, Boticas Arcangel has 344 points of sale throughout Peru.

Oaklins' team in Peru acted as the exclusive financial advisor to the buyer in this transaction.