Press Release
October 31, 2019

Holland & Knight Represents Dollarama in Acquisition of 50.1% Interest in Latin American Retailer Dollarcity

MONTREAL (October 31, 2019) – Holland & Knight represented Canadian value retailer, Dollarama Inc. (TSX: DOL) in its acquisition of 50.1 percent interest in Latin America value retailer, Dollarcity. The deal’s closing was announced on August 15.

The deal will give Dollarama, which has 1,236 locations across Canada, a second growth platform to complement its existing Canadian growth strategy. Dollarcity operates more than 180 stores in El Salvador, Guatemala and Colombia and has plans to reach a target of up to 600 stores by 2029.

Holland & Knight’s representation of Dollarama was led by Partners Roberto Pupo, Emma Solaun and Ieuan Mahoney. They were assisted by Partners Vicente Umaña and Adolfo Jimenez and Associates María Dobles Madrigal and Lucas Saffon-Lopez.

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