Linzor Capital Partners is a leading mid-sized asset manager focused on Latin America, with USD650 million under management. This is their first major acquisition in Uruguay. In 2007 Linzor Capital Partners acquired a regional movie theatre company, Hoyts Cinemas, with presence in Uruguay.
Farmashop has almost 80 pharmacies in Montevideo and Punta del Este and is currently the largest operator in Uruguay. The acquisition took place on January 8, 2013.
Pamela Moreira, who, alongside Andrés Cerisola, co-led the team that assisted Linzor Capital Partners, indicated that “the acquisition of a retail business with the number of offices that Farmashop has required a deep analysis of the real estate and regulatory issues. It was quite a challenge to lead a complete legal due diligence process and to negotiate the acquisition contracts during late December and early January. Yet the great understanding and commitment from both parties made it possible.”
Andrés Cerisola said: “Linzor is a new but leading player in the mid-market private equity world with a superb team —former JPMorgan private equity investors— at the cockpit. This Linzor Capital transaction in Uruguay is extremely relevant because of its size and visibility, which increases the profile of private equity in the country.”