Brazilian consumer goods company Hypermarcas has raised US$420 million in a follow-on share offering on the international markets.
 
Hypermarcas and its selling shareholders retained Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados and Souza, Cescon, Barrieu & Flesch Advogados in Brazil, alongside US counsel Shearman & Sterling LLP, while Machado, Meyer, Sendacz e Opice Advogados and US firm Skadden, Arps, Slate, Meagher & Flom LLP advised the underwriters.
 
The deal, which closed on 24 July, saw the sale of 34.5 million shares, 80 per cent of which were acquired by foreign investors.
 
Citibank and Credit Suisse acted as lead underwriters in the deal, along with Deutsche Bank.
 
Hypermarcas manufactures and sells hygiene and cosmetics products, pharmaceuticals, food and insecticides, and has 13 branches in the states of São Paulo, Rio Grande do Sul, Santa Catarina and Goiás. The company raised US$384 million in its initial public offering in April last year, and acquired Revlon's Brazilian brands in a US$104 million all-cash deal last August.
 
Counsel to Hypermarcas and selling shareholders
 
Brazil
 
           Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados
 
 
Partner Carlos Barbosa Mello and associates Rodrigo Azevedo Junqueira, Joyl Gondim de Alencar Filho and Nathalia Pereira Pinto
 
           Souza, Cescon, Barrieu & Flesch Advogados
 
Partner Fabíola C L Cammarota de Abreu and associate Renata Arakawa
 
US
 
           Shearman & Sterling LLP
 
Partner Andrew Jánszky and associates Jonathan Kellner, Pedro Amaral, Luciana Fraga and Cristina Milani
 
Counsel to the Banks
 
Brazil
 
              Machado, Meyer, Sendacz e Opice Advogados
 
Partner Daniel de Miranda Facó and associates Rodrigo Câmara, Joana Mota Scarpa and Caio Gargione Habice Prado
 
US
 
           Skadden, Arps, Slate, Meagher & Flom LLP
 
Partner Richard Aldrich and associate Lizbeth Flores in São Paulo, partner Robert Chilstrom and associate Augusto Lima in New York, and partner Ken Betts, counsel Jeleen Guttenberg and associate Brett Willis in Los Angeles
 
SP
 
(Latin Lawyer 07.08.2009)
 
(Notícia na íntegra)