PAG Law congratulates its long-term client Tiendas 3B on its IPO

PAG Law is pleased to announce that our long-term client Tiendas 3B closed its initial public listing on the New York Stock Exchange (TBBB).

‍

Tiendas 3B (BBB Foods inc.), the renowned Mexican grocery chain, successfully completed a groundbreaking initial public offering on Friday, February 9th, 2024, raising an impressive $589 million. This achievement marks a significant turning point in the Company's trajectory and solidifies its position as a force to be reckoned with in the industry.

Since its inception in 2005, Tiendas 3B has been committed to delivering exceptional value to its loyal customers. With a carefully curated assortment of products, including their own brands of dairy, canned goods, and cleaning supplies, BBB Foods has become synonymous with excellence and affordability throughout its 2,4000 stores throughout Mexico. The name itself, "Bueno, Bonito y Barato," meaning "good, nice, and affordable" in Spanish, perfectly encapsulates the essence of the Company's unwavering dedication to customer satisfaction.

PAG Law's founding partner Juan Pablo Cappello is an independent director (audit & pricing committee) of Tiendas 3B and a long-time advisor to the Company.

Reflecting on this remarkable achievement, Juan Pablo Cappello expressed his heartfelt congratulations to Tiendas 3B and its visionary management team. "PAG Law is immensely proud to have been a long-time partner of Tiendas 3B on this incredible journey. The completion of their IPO is a testament to their unwavering dedication and entrepreneurial spirit. We look forward to witnessing their continued growth and success in the days to come".