Inchcape acquires Grupo Rudelman and gains access to the Suzuki-led distribution business in Costa Rica and Panama

Arias, Fábrega & Fábrega represented car dealership chain Inchcape Plc in its acquisition of family-run Grupo Rudelman, one of the leading and most successful Central American automotive distributors focused on Suzuki, for a total cash consideration of US$284 million (GBP £200.5 million), on a cash-free and debt-free basis deal.

The transaction involved the acquisition of the Grupo Rudelman group of companies from their shareholders including Holding de Las Americas S.A. and Fundación Rudco.

ARIFA Corporate lawyers worked closely with the firm’s M&A leading team providing for the consolidation of Inchcape Plc.’s new commercial operations in Panama including assisting in the evaluation and reorganization of the corporate structure resulting from the purchase, drafting all corporate documentation, reviewing of mergers and agreements, and share issuance.

With more than 45 years of experience, Grupo Rudelman is the exclusive retailer for Suzuki in both Costa Rica and Panama, where the brand is particularly well positioned with a top 5 market position.

Inchcape already has a long-term partnership with Suzuki, who the Group has represented as distributor in Singapore since 1977. Following acquisitions in South America in late 2016, Inchcape also represents Suzuki as Distributor in Argentina.

Almost 10 per cent of group sales are now generated in Latin America. It comes adjacent to recent South American expansion of dealerships in Chile, Peru, Argentina and Colombia.