The Firm represented Merrill Lynch, Pierce, Fenner & Smith Incorporated, BTG Pactual US Capital, LLC, J.P. Morgan Securities LLC, Itau BBA USA Securities, Inc., Credit Suisse Securities (USA) LLC, Banco do Brasil Securities LLC, Bradesco Securities, Inc. and Santander Investment Securities Inc. as placement agents in connection with the follow-on equity offering of 24,000,000 common shares of Magazine Luiza S.A. (“Magazine Luiza”). The common shares were offered to certain institutional investors in Brazil, to qualified institutional buyers in the United States under Rule 144A and to non-U.S. persons in reliance on Regulation S. The transaction was launched on September 12 and closed on October 3.
Magazine Luiza is one of the largest retail companies in Brazil, in terms of gross revenue. It is a traditional retail company along with a digital presence aiming to become a digital platform with physical points of sale.
The Simpson Thacher team was led by Grenfel S. Calheiros and included Paulo Fernando Cardoso, Tosca Augustin and Marcelo B. Lorenzen (Capital Markets – São Paulo); and Morgan Otway (Tax – New York).