technology solution for retail execution. This unified platform will enable all FMCG companies and retailers to use advanced technology to increase their shelf availability and increase the profitability of one of the most complex channels to operate.
Both companies currently serve more than 300 CPG and retail companies of all sizes in Latin America and together they will be able to serve all retail and CPG and retail segments in the region with a comprehensive BI and execution solution.
This deal marks the first milestone in a series of mergers and acquisitions that Teamcore plans to execute since receiving a significant investment from U.S. technology fund Accel-KKR.
In August 2022, Accel-KKR acquired a majority stake in the Chilean company Teamcore Solutions SpA. This advisory was also advised by Morales & Besa, led by partner Michel Diban together with associates Vicente Valdés and Sebastián Streeter, and consisted of the negotiation of the main contracts related to the transaction. In addition, the process required constant coordination and negotiation between Spain, USA, UK and Chile, among others.