Friday, 27th July 2012 by Joe Rowley

Brazilian firm Machado, Meyer, Sendacz e Opice Advogados and US firm Skadden, Arps, Slate, Meagher & Flom LLP have helped one of Brazil’s largest pharmacy chains, Brazil Pharma, raise US$273.6 million through a follow-on share offering on the local market.

The issuance was comprised of a primary offering of 45 million common shares issued by the BTG Pactual subsidiary, with a secondary offering of 7 million common shares sold by the selling shareholders and an additional 7.8 million issued by Brazil Pharma.

Machado Meyer previously advised Brazil Pharma on an investment agreement with its subsidiary - pharmaceutical retail chain Big Benn which was advised by Pinheiro Guimarães - Advogados - in February, while last year Skadden Arps teamed up with Mattos Filho to help the company debut on Brazil′s stock exchange.

Counsel to Brazil Pharma and the selling shareholders

In-house counsel to Brazil Pharma –Cristina Caiuby Salles and Marjorie Manfredini

Brazil

Machado, Meyer, Sendacz e Opice Advogados

Partners Daniel de Miranda Facó and Eliana Chimenti, and associates Alessandra de Souza Pinto, Daniel Cais Pavani Silva Gomes, Karina Cardozo de Oliveira and Marcella Toniolo Tasca

(Latin Lawyer 27.07.2012)

(Notícia na Íntegra)