Hogan Lovells advises IDB Invest on US$ 10 million Tia Stores supply chain funding
New York, Mexico City, 25 April, 2023 — A team from Global law firm Hogan Lovells has advised IDB Invest on its $10 million reverse factoring facility to suppliers of TIA Stores, one of the leading supermarket chains in Ecuador. Further details about the transaction can be found here.
IDB Invest is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean. The project will provide TIA Stores with a financial solution to improve the financing conditions of micro, small and medium-sized enterprise (MSME) suppliers and strengthen the supply chain of its entire network of supermarket stores, contributing to IDB Invest's purpose of economic integration of companies in local, regional or global value chains.
The Hogan Lovells team was led by partners Ricardo S. Martinez in New York and Federico De Noriega in Mexico City with support from counsels Aldonza Sakar (Mexico City) and Todd Matras (New York), senior associate Christopher Bonilla (New York) and associate Manuel Valdez (Mexico City).