Simpson Thacher represented BRF – Brasil Foods S.A. (formerly named Perdigão S.A.) in a global offering of 115,000,000 common shares, including common shares in the form of American depositary shares, that closed on July 27, 2009. The SEC-registered transaction raised net proceeds of approximately $2.4 billion, which the Company intends to use to reduce short-term debt following its previously announced business combination with Brazilian food company Sadia S.A., and for general corporate purposes. Simpson Thacher is also representing Brasil Foods in the business combination.
Brasil Foods is one of Brazil’s largest food companies, with a focus on the production and sale of poultry, pork, beef cuts, milk, dairy products and processed food products. The Company sells its products in Brazil and in over 110 other countries.
The Simpson Thacher team includes John Ericson, Glenn Reiter, Grenfel Calheiros and Ignacio de la Huerta (Capital Markets – New York); Gustavo Pinto and Sasha Willimann (Capital Markets – São Paulo); Jonathan Cantor and Aaron Cohen (Tax); and Tamala Boyd (Litigation). Paralegals Elizabeth Martinez and Christina Mauricio have provided valuable assistance.