Simpson Thacher Represents Underwriters in Initial Public Offering of Bare Escentuals, Inc.
10.05.06
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The Firm represented Goldman, Sachs & Co. and CIBC World Markets Corp. in connection with the initial public offering by Bare Escentuals, Inc. of 18,400,000 shares of its common stock, which are listed on NASDAQ under the symbol "BARE." Total deal size was $404.8 million, including the shoe. Both the initial offering and shoe closed on October 4, 2006.
Bare Escentuals, Inc. is a prestige beauty company and leader by sales and consumer awareness in mineral-based cosmetics. Bare Escentuals utilizes a distinctive marketing strategy and multi-channel distribution model, including company-owned boutiques, specialty beauty retailers Sephora and Ulta, spas and salons, home-shopping television, and infomercials.
The Simpson Thacher team for the transaction includes Kevin Kennedy, Deanna Chechile, David Wagner (capital markets), Ben Applestein (tax) and Mark Lab and Sean Cotton (Blue Sky), with invaluable assistance from paralegals Tina Han and Jason Mull.