New Deal

Announced

19 Feb 2021

Companhia Brasileira de Distribuição to spin-off Sendas Distribuidora.

Financials

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Transaction Value£1,563m

Consideration TypeOrdinary Shares

Capital Owned-

Capital Bid For100%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

target

Sendas Distribuidora

vendor

Companhia Brasileira De Distribuição

bidder

Institutional Investors

Sources

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Press Release

Sendas Distribuidora - 19 Feb 2021

Tags

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Single Bidder

Friendly

Majority

Domestic

Food Products

Brazil

food distribution

Pending

Spin Off

Public

Synopsis

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Companhia Brasileira de Distribuição, a food retailer, is set to spin-off Sendas Distribuidora, a food distributor, in a BRL11.9bn deal.

Service Providers (9)

Dealmakers

financial advisors

Banco Itau

legal advisors

Souza, Mello E Torres Advogados

financial advisors

Banco Bradesco

financial advisors

Bnp Paribas

legal advisors

White & Case

financial advisors

Hsbc

financial advisors

Bank Of America

financial advisors

Btg Pactual

financial advisors

Br Partners

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.