Simpson Thacher represented BBB Foods Inc. (“Tiendas 3B”) in connection with a public offering of 15,299,800 Class A common shares by Tiendas 3B and certain selling shareholders, at a price to the public of $32.50 per share. The Class A common shares sold by the Company includes those sold upon exercise of the underwriters’ overallotment option. The offering raised approximately $85,505.256.72 million and $399.804.399.28 million in gross proceeds for the Company and the selling shareholders, respectively.
Tiendas 3B is a hard discount grocery retailer with over 3,300 stores across 17 states in the central region of Mexico, focused on offering irresistible value to budget savvy consumers through great quality products at bargain prices.
The Simpson Thacher team included S. Todd Crider, Kirsten L. Davis, Marcelo B. Lorenzen, Enrique Güijosa, John Gorton and Alicia Corbo (Latin America - Capital Markets); and Jonathan E. Cantor (Tax).