Pinheiro Neto steers Natura & Co´s public offering
Pinheito Neto Advogados has advised Natura & Co on $1 billion global offering
Pinheiro Neto counselled Natura & Co Holding S.A. on achieving a successfully $1 billion primary equity offering. Natura & Co Holding S.A. is a Brazilian cosmetic, fragrance & toiletries company. On September 30 announced a Global Offering through a public offering in Brazil with restricted placement efforts under CVM Ruling 476 of 2009 and an international offering of ADSs under an effective registration statement filed with the U.S. SEC. The follow-on offering was launched on October 1, and the issue date was October 8. Shares, including in the form of American Depositary Shares (ADSs reached a price of per share of R$46.25, and price per ADS of US$16.4591. On the closing date, October 14, the deal volume was up to R$5.6 billion ($1 billion).
The Brazilian underwriters of the operation were Banco Morgan Stanley S.A., Bank of America Merrill Lynch Banco Múltiplo S.A., Banco Bradesco BBI S.A., Citigroup Global Markets Brasil, Corretora de Câmbio, Títulos e Valores Mobiliários S.A. and Banco Itaú BBA S.A. The international ones were Morgan Stanley & Co LLC, BofA Securities, Inc., Bradesco Securities, Inc., Citigroup Global Markets Inc. and Itau BBA USA Securities, Inc.
Pinheiro Neto team was led by partners Henrique Lang (pictured left) and Guilherme Sampaio Monteiro (pictured right), and involved senior associate Camila Carvalho Gomes, associate Marcello Mammocci Pompilio and legal assistant Gabriela Kaneshiro Pereira.
Davis Polk & Wardwell LLP also assisted Natura & Co with a team which includes partner Manuel Garciadiaz and associates Lourenço Lopes-Sabino and Hugo Casella. White & Case LLP and Machado, Meyer, Sendacz e Opice Advogados counselled the underwriters.
