Biotoscana Investments $377.7 Million Initial Public Offering


Davis Polk & Wardwell, Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados, Estudio Garrido, Osman & Rodríguez, Bonn Steichen, Cleary Gottlieb Steen & Hamilton, Pinheiro Neto, Schivartche Advogados, Perkins Coie and MA-Barbosa, Müssnich, Aragão advised on the transaction

Biotoscana Investments S.A. and the selling shareholders finalized the initial public offering of 44,550,000 common shares, including common shares in the form of Brazilian Depositary Receipts, for an aggregate amount of approximately $377.7 million. The common shares trade on the Luxembourg Stock Exchange and the BDRs trade on the São Paulo Stock Exchange. The securities sold in the international offering were placed under Rule 144A and Regulation S.

JP Morgan Securities LLC, Itau BBA USA Securities, Inc. and BTG Pactual US Capital, LLC acted as Initial Purchasers.

Headquartered in Montevideo, Uruguay, and with a presence in 10 countries throughout the region, Biotoscana is a Latin American integrated pharmaceutical company engaged primarily in the development, manufacturing and commercialization of branded specialty pharmaceutical products.

Davis Polk advised Biotoscana Investments with Maurice Blanco (Picture), Elliot M. de Carvalho and Adela Troconis. The tax team included Kathleen L. Ferrell and Dao Fu. Sijia Cai provided 1940 Act advice.

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga advised Biotoscana Investments with Jean Marcel Arakawa, Elisa Fachin Soares Lemos, Mariana Cano Assef and Luccas Augusto Adib.

Estudio Garrido advised Biotoscana Investments with Lucas Granillo Ocampo and Gisela Marina Montesanto.

Osman & Rodríguez advised Biotoscana Investments with Carlos Andrés Rodríguez and Pedro Pablo Osman

Bonn Steichen & Partners advised Advent International with Linda Harroch and Pierre-Alexandre Degehet.

Cleary Gottlieb Steen & Hamilton LLP advised advised JP Morgan Securities LLC, Itau BBA USA Securities, Inc. and BTG Pactual US Capital, LLC with Jorge Juantorena, Paul Marquardt, William McRae, Daniel Ilan, James Corsiglia, Jonathan Mendes de Oliveira, Julian Hill, Daniel Chor, Lilia Stantcheva, Josiah Child, Inae Kim and Paul Bolaji.

Pinheiro Neto advised advised JP Morgan Securities LLC, Itau BBA USA Securities, Inc. and BTG Pactual US Capital, LLC with Henrique Silva Gordo Lang, Guilherme Sampaio Monteiro, Leonardo Baptista Rodrigues Cruz and Luiz Felipe F. Vaz Guimarães.

Schivartche Advogados advised Robert Guttmann and Robert Friedlander with André Schivartche.

Perkins Coie advised Essex Woodlands Healthcare Partners with Bruce Zivian and Dennis Peterson.

BMA-Barbosa, Müssnich, Aragão advised Essex Woodlands Healthcare Partners with Roberto Dias Carneiro, Felipe Prado and Júlia Rodrigues.

Involved fees earner: André Schivartche – Schivartche Advogados; Pedro Pablo Osman – Osman & Rodríguez; Carlos Andrés Rodríguez – Osman & Rodríguez; Lucas Granillo Ocampo – Estudio Garrido; Gisela Marina Montesanto – Estudio Garrido; Roberto Dias Carneiro – Barbosa, Müssnich & Aragào; Felipe Prado – Barbosa, Müssnich & Aragào; Júlia Rosa Rodrigues – Barbosa, Müssnich & Aragào; Bruce Zivian – Perkins Coie; Dennis Peterson – Perkins Coie; Jean Marcel Arakawa – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Elisa Fachin Soares Lemos – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Mariana Cano Assef – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Luccas Augusto Nogueira Adib Antonio – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Linda Harroch – Bonn Steichen & Partners; Henrique Lang – Pinheiro Neto; Guilherme Sampaio Monteiro – Pinheiro Neto; Leonardo Baptista Rodrigues Cruz – Pinheiro Neto; Luiz Felipe Vaz Guimarães – Pinheiro Neto; Maurice Blanco – Davis Polk & Wardwell; Elliot de Carvalho – Davis Polk & Wardwell; Adela Troconis – Davis Polk & Wardwell; Kathleen Ferrell – Davis Polk & Wardwell; Dao Fu – Davis Polk & Wardwell; Sijia Cai – Davis Polk & Wardwell; Jorge Juantorena – Cleary Gottlieb Steen & Hamilton; Jonathan Mendes de Oliveira – Cleary Gottlieb Steen & Hamilton; Julian Hill – Cleary Gottlieb Steen & Hamilton; Daniel Chor – Cleary Gottlieb Steen & Hamilton; Inae Kim – Cleary Gottlieb Steen & Hamilton; Paul Marquardt – Cleary Gottlieb Steen & Hamilton; James Corsiglia – Cleary Gottlieb Steen & Hamilton; William McRae – Cleary Gottlieb Steen & Hamilton; Josiah Child – Cleary Gottlieb Steen & Hamilton; Daniel Ilan – Cleary Gottlieb Steen & Hamilton; Lilia Stantcheva – Cleary Gottlieb Steen & Hamilton;

Law Firms: Schivartche Advogados; Osman & Rodríguez; Estudio Garrido; Barbosa, Müssnich & Aragào; Perkins Coie; Mattos Filho Veiga Filho Marrey Jr & Quiroga; Bonn Steichen & Partners; Pinheiro Neto; Davis Polk & Wardwell; Cleary Gottlieb Steen & Hamilton;

Clients: BTG Pactual; Essex Woodlands Health Ventures; JP Morgan Securities; Advent International; Itaú BBA USA Securities; Biotoscana Investments ; Roberto Luiz Guttmann; Robert Friedlander;