Holland & Knight assists Dollarama in purchase of Dollarcity stake

Holland & Knight has represented Canadian value retailer Dollarama in its acquisition of a 50.1 per cent interest in Latin America retailer Dollarcity. 

The deal will give Dollarama, which has 1,236 locations across Canada, a second growth platform to complement its existing Canadian growth strategy. Dollarcity operates more than 180 stores in El Salvador, Guatemala and Colombia and has plans to reach a target of up to 600 stores by 2029.

Holland & Knight’s representation of Dollarama was led by partners Roberto Pupo (pictured), Emma Solaun and Ieuan Mahoney, and who were assisted by partners Vicente Umaña and Adolfo Jimenez and associates María Dobles Madrigal and Lucas Saffon-Lopez.