Blau Farmacêutica’s R$1.1 Billion Initial Public Offering

Simpson Thacher and Machado Meyer represented Blau Farmacêutica S.A. in the transaction. Shearman & Sterling and Lefosse advised Banco Itaú, Banco Bradesco BBI S.A., J.P. Morgan, Citigroup, XP Investimentos and Banco BTG Pactual S.A. acting as initial purchasers on the offering.

Blau Farmacêutica S.A. (“Blau”) executed the initial public offering of 27,299,078 of its common shares on the São Paulo Stock Exchange (“B3”), which raised approximately R$1.1 billion.

The common shares were offered 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 Blau will trade on the B3 under the ticker symbol “BLAU3.”

Blau has more than 30 years of experience in the pharmaceutical industry and is a pioneer in biotechnology in Brazil, with a portfolio of its own complex pharmaceutical products. Blau focuses on the production of biological, specialty and oncology drugs, and has a wide portfolio of injectable drugs, which are indispensable for hospitals, medical clinics and supplemental healthcare providers. Its products are sold to more than 7,000 hospital chains, 5,000 hospitals and clinics, 300 oncology clinics and 300 nephrology centers.

The Simpson Thacher team advising Blau Farmacêutica included Grenfel S. Calheiros (Picture) and Marcelo B. Lorenzen (Capital Markets); and Jonathan Cantor and Edward Grais (Tax).

In Brazi, Machado Meyer advised Blau with Alessandra de Souza Pinto, Gustavo Secaf Rebello, Alexandra Menescal Tupper Palhares and Renata Augusto Passos.

Shearman & Sterling advised Banco Itaú, Banco Bradesco BBI S.A., J.P. Morgan, Citigroup, XP Investimentos and Banco BTG Pactual S.A. with a team including Stuart K. Fleischmann, Roberta Berliner Cherman, Marina Mendes Corrêa and Gabriela Laufer.

Lefosse advised Banco Itaú, Banco Bradesco BBI S.A., J.P. Morgan, Citigroup, XP Investimentos and Banco BTG Pactual S.A. with Luiz Octavio Lopes, Luciana Moutinho. Asociados Rodrigo Paes de Barros, Leonardo Gaspar, Luana Pereira and Lara Maroni.

Involved fees earner: Luiz Octavio Lopes – Lefosse; Rodrigo Felli Paes de Barros – Lefosse; Leonardo Gaspar – Lefosse; Lara Maroni – Lefosse; Luciana Moutinho – Lefosse; Renata Augusto Passos – Machado Meyer Advogados; Alessandra de Souza Pinto – Machado Meyer Advogados; Marina Mendes Correa – Machado Meyer Advogados; Alexandra Menescal Tupper Palhares – Machado Meyer Advogados; Gustavo Secaf Rebello – Machado Meyer Advogados; Roberta Berliner Cherman – Shearman & Sterling; Stuart Fleischmann – Shearman & Sterling; Gabriela Laufer – Shearman & Sterling; Grenfel Calheiros – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Edward Grais – Simpson Thacher & Bartlett; Marcelo Lorenzen – Simpson Thacher & Bartlett;

Law Firms: Lefosse; Machado Meyer Advogados; Shearman & Sterling; Simpson Thacher & Bartlett;

Clients: Banco Bradesco SA; Banco BTG Pactual S.A.; Banco Itau BBA; Blau Farmaceutica SA; Citigroup Global Markets Ltd; JP Morgan; XP Investimentos SA;

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