Cuevas Hermanos was acquired by Grupo Garden
The Transaction consisted in the acquisition of 100% of the shares of Cuevas Hermanos S.A., exclusive representative of “Nissan” in Paraguay, by Grupo Garden, leader in automotive sales, owned by the Arias family. Cuevas Hermanos, a 120 year old Paraguayan company, operates 7 points of sale in the country. Grupo Garden is the exclusive dealer for KIA, Jeep, Dodge, Chrysler, RAM, BMW Motorrad, MINI y Mazda; and non-exclusive dealer of Chevrolet, DFAC, Changan and ZNA. In 2016, they reported sales of ~US$150 MM, selling over 5,000 new cars. Alpax acted as exclusive financial advisor to Grupo Garden
Alpax is an independent investment bank that provides financial advice on mergers, acquisitions and fundraising in Latin America. The firm was founded in 2003 and has closed more than 120 transactions in M&A and Fundraising (in excess of US$4,000 million). Their added value is based on the international experience of their executives, local presence, a network of offices in five countries and a detailed knowledge of the sectors and industries in which they participate. Alpax is headquartered in Miami and currently has local offices in Bogota, Quito, Buenos Aires and Asuncion. Two additional offices will open in June 2015.