Mayer Brown advises Alpargatas on its investment in Rothy’s
Mayer Brown advises Alpargatas, global footwear company and owner of Havaianas, on its investment in Rothy’s
A multi-office, multi-practice team Mayer Brown team represented Alpargatas S.A., a Brazil-based, global footwear company creator of the famous flip flop “Havaianas,” in its $475 million Series B investment in Rothy’s, Inc., a San Francisco-based online retailer of eco-friendly footwear, bags and accessories.
Under the terms of the agreement, Alpargatas will acquire 49.9 percent of Rothy’s in a four-step transaction. This will include an investment of $200 million in primary capital in two tranches followed by a tender offer and a private purchase to acquire approximately $275 million of Rothy’s shares from current stockholders, including the founders, resulting in a post-investment valuation of $1 billion.
The Mayer Brown team was led by partner Nina Flax, in Northern California, (pictured left) and Tauil & Chequer partner Carlos Motta in São Paulo, Brazil (pictured right). Also included lawyers across multiple practices and offices in the US, Brazil, China and Hong Kong.
