Several firms acts in acquisition of Kimberly-Clark by Suzano
Pinheiro Neto Advogados and Gibson, Dunn & Crutcher LLP assisted Kimberly Clark, while Mattos Filho and Cleary Gottlieb represented Suzano, the world’s largest pulp producer, on the acquisition of Kimberly-Clark’s (K-C) tissue products business in Brazil.
The definitive agreements were signed on October 24, 2022, and the closing of the transaction is subject to regulatory approvals, a corporate reorganization and customary closing conditions.
At closing, Suzano will acquire 100% of the quotas of a new company that will own all K-C’s assets related to the business of manufacturing, marketing, distributing and/or selling of tissue products, including toilet paper, paper towels, napkins, tissues, as well as other paper products in Brazil, including ownership of the brand “Neve.” As part of the deal, other global brands currently used by K-C will be licensed to Suzano.
Counsel teams:
Kimberly Clark – Alison Rhoten, Marcel Kanter, Courtney Jamison Roane, and Fabio Magalhães.
Pinheiro Neto Advogados relied on partners Antonio José Mattos Morello (pictured top left), Cristianne Saccab Zarzur (pictured top center), Leonardo Rocha e Silva (pictured top right) and Giancarlo Matarazzo (pictured bottom left). Associates Bruna Pavanello, Camila Otani Nishi, Maria Beatriz Junqueira O. de Barros, Mariana Grande, Marina de Souza e Silva Chakmati, Roberto Sampaio Amaral, Jose Arnaldo Godoy Costa de Paula and Pedro Neves da Silva. Trainees Paula Rodovalho Silva and Daniel Williams Costa Veiga.
Gibson, Dunn & Crutcher LLP relied on partner Jonathan Whalen and associates Jamal V. Lama, Tukeni Obasi and Samantha Smith.
Suzano had Leandro Oncala, Walner Alves Cunha Junior, Virgínia Tavares Ribeiro, Felipe Manzi, Marcella Caram Zerey.
Mattos Filho Advogados relied on partners Marcelo Sampaio Góes Ricupero (pictured bottom right), Alexandre Sales Cabral Arlota, Luiz Felipe Di Sessa, Michelle Marques Machado, Eduardo Frade and associates Scylla de Moraes Barros Fucs, Camila Spadoni Mahfuz, Tomas Souza Queirós de Alvarenga, Luca Codazzi Corrêa de Mendonça, Ana Júlia Lissoni Cornélio, Guilherme Debs de Ávila Silveira, Lior Tafla, Pedro Katz, José Marinho Séves Santos, Jessica Satie Ishida, Marina Montes Bastos, Felipe Sammarco Milena.
Cleary Gottlieb relied on partners Juan Giráldez, Marcela Robledo, William McRae; associates Silvia Fittipaldi, Gaia Shen, Samantha Simmons and international lawyer Jean Pontes.
