InRetail Perú Corp. (BVL:INRETC1) agreed to acquire Quicorp S.A. for approximately $580 million (PEN 1.9 billion) on January 26, 2018. No financial obligations are assumed by InRetail. The acquisition is being funded through a mix of a bridge loan financing of $1000 million (PEN 3.1 billion), and third-party equity. A group of investors led by Nexus Group contributed approximately $150 million (PEN 480 million) resulting in ownership in resulting consolidated pharma operations of approximately 13%. Under the terms of the transaction, implied enterprise value to last twelve month EBITDA multiple is approximately 12x. Quicorp reported annual sales of PEN 4 billion for year ended December 2017. Acquisition of Quicorp's business in Ecuador is subject to approval from Ecuadorian Superintendence of Market Power Controls. As of March 1, 2018, the transaction is subject to the authorization of the market regulator in Ecuador, which is expected to occur during the first semester 2018. Paola Lozano, Edward Gonzalez, Amanda Parsons, Ralph Perez, Hilel Pohulanik, Jose Vivanco, and Andrew Woodard from Skadden, Arps, Slate, Meagher & Flom, L.L.P. acted as the legal advisors for InRetail Perú Corp, Payet, Rey, Cauvi, Pérez Abogados and Ferrere acted as legal advisors for InRetail. Robert Leung, Mike Huang, Russell Franklin, Stephanie Rohlfs and Nicolas Benvenuto of Paul Hastings LLP, Rodrigo, Elías & Medrano Abogados, Pérez Bustamante & Ponce Abogados and Posse Herrera Ruiz acted as legal advisors for Quicorp. JPMorgan Chase & Co. (NYSE:JPM) and Citigroup CIB acted as the financial advisor to InRetail Perú Corp. Credit Suisse acted as the as exclusive financial advisor to Quicorp.