Latham & Watkins advises FIFCO on US$3.2 billion sale to HEINEKEN
Latham & Watkins has advised Florida Ice and Farm Company (FIFCO) on a binding agreement to sell its remaining 75% stake in Distribuidora La Florida to HEINEKEN, which already holds a 25% interest in the company.
This includes FIFCO’s beverage, food, and retail operations in Costa Rica, Guatemala, El Salvador, and Honduras; its beverage operations in Mexico; stakes in Nicaragua’s leading beverage business; and stakes in beverage businesses in Panama. Total cash consideration paid will be approximately US$3.2 billion.
Latham & Watkins’s team advising FIFCO was led by partners Tony Del Pino (pictured left) and Carlos Ardila (pictured right), with associates Andres Medina-Jordan, Mapi Villanueva, Catalina Ucros Tellez and Jorge Hinzpeter. Advice was also provided on tax matters by partner Eric Kamerman; on intellectual property matters by partner Jeff Tochner, with associate Sebastian Moss; and on regulatory matters by partner Jason Cruise.
Davis Polk & Wardwell was the adviser for HEINEKEN, based in its New York office, the corporate team was led by partners Daniel Brass and Louis L. Goldberg and counsel Jack Gordge. Partner Michael Mollerus and associate Shmuel Dov Sussman provided tax advice. Partner Pritesh P. Shah and counsel Yana Kipnis counsled on intellectual property advice. Partner Veronica M. Wissel supported with executive compensation advice. UBS AG, london Branch, also acted as financial adviser to HEINEKEN in the transaction.
