Lefosse and Machado Meyer in the R$ 3.5 billion deal between Kabum and Magazine Luiza
Lefosse Advogados advised Kabum in the sale of its e-commerce platform to Magazine Luiza, which was advised by Machado Meyer Advogados
Lefosse Advogados advised Kabum and its partners in the sale of its technology and e-commerce gaming platform to Magazine Luiza, advised by Machado Meyer Advogados.
The R$3.5 billion transaction is the largest in the history of e-commerce in Brazil.
The acquisition will be made through a R$ 1 billion cash payment, as well as a merger of Kabum’s shares into Magazine Luiza, as a result of which Kabum will become a wholly owned subsidiary of Magazine Luiza.
According to the company’s material fact, 75 million Magazine Luiza shares and warrants to subscribe up to 50 million shares will be issued in favor of Kabum’s shareholders.
Kabum Comércio Eletrônico S.A. was represented by several areas of Lefosse Advogados under partners Rodrigo Junqueira (pictured left), Laura Affonso, Gustavo Paes, Zeca Berardo and senior associates Victor Brum, Arthur Almeida, Elen Lizas, counsel Lilian Toscani and associates Laís Sousa, Maria Eliana Pereira.
Several areas of Machado Meyer Advogados acted on behalf of Magazine Luiza S.A. The team was led by partners Ivandro Sanchez, Andrea Melo Fialho, Clarissa Freitas, Maria Eugenia Novis, André Luiz Menon Augusto, Fernando Tonanni, Marco Behrndt. Lawyers Gabriel Leão Vazami, Gustavo Giordano Tudisco, Rafael Costa Silva, Antonio Augusto Colucci Miranda, Steffania Goncalves de Campos Scomparin, Joao Felipe Achcar De Azambuja.
