The Firm represented Itau BBA USA Securities, Inc., BTG Pactual US Capital, LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, Santander Investment Securities Inc., Morgan Stanley & Co. LLC, UBS Securities LLC, Bradesco Securities, Inc., Goldman Sachs & Co. LLC and XP Investments US, LLC, as placement agents, in connection with a follow-on offering of 175,000,000 common shares in aggregate sold by Magazine Luiza S.A. (“Magazine Luiza”) in the amount of R$4 billion. 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 shares of Magazine Luiza are traded on the São Paulo Stock Exchange (B3) under the ticker symbol “MGLU3.”
Magazine Luiza is a digital platform in Brazil, offering a wide range of products and services for all socio-economic classes of the Brazilian population through a multichannel digital ecosystem, including e-commerce and brick-and-mortar stores.
The Simpson Thacher team was led by Partner Grenfel S. Calheiros and Counsel Paulo F. Cardoso, and included Winnie Y. Loureiro (Capital Markets); and Michael E. Mann and Edward Grais (Tax).