Falabella Acquires Linio for $138 Million

Cleary Gottlieb represented Falabella in its $138 million acquisition of online marketplace operator Linio.

One of Chile’s largest companies, Falabella operates 494 stores and 42 shopping centers in Latin America through five business units: department stores, home improvement, supermarkets, real estate, and financial services.

Linio was founded by German internet company Rocket Internet in 2012. Through its platform, linio.com, Linio provides solutions to individuals and companies that buy and sell products online. The company operates in Chile, Peru, Colombia, Argentina, Mexico, Venezuela, Ecuador, and Panama and has achieved a net merchandise value of $137 million.