Magazine Luiza S.A.’s $491.6 Million Stock Offering


Lefosse, Milbank, Simpson Thacher & Bartlett and Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga advised on the transaction

Magazine Luiza SA finalized the offering of 24 Million Shares, for a total ammount of $491.6 Million, to help finance new investments and acquisitions, especially of technology players.

The offerings, in the form of restricted-efforts deal, is open only to qualified investors.

Bank of America Merrill Lynch, Banco BTG Pactual S.A., J.P. Morgan S.A., Banco Itaú BBA S.A., Credit Suisse (Brasil) S.A., BB-Banco de Investimento S.A., Banco Bradesco BBI S.A. and Banco Santander (Brasil) S.A. acted as underwriters.

Magazine Luiza S/A operates a multichannel retail platform of mobile, website, and physical stores. The Company offers e-commerce services and retails a wide range of electronics, toys, power tools, and houseware products. The company, led by Frederico Trajano Inacio Rodrigues, Roberto Bellissimo Rodrigues, Maria Isabel Bonfim De Oliveira and Fabricio Bittar Garcia, is based in Brazil.

Lefosse advised Magazine Luiza S.A. with Luiz Octavio Duarte Lopes, André Mileski, Vicente Gioielli and Sara Abdu.

Simpson Thacher & Bartlett advised the underwriters with Grenfel S. Calheiros (Picture), Robert Holo, Paulo Fernando Cardoso, Tosca Augustin, Marcelo B. Lorenzen and Morgan Otway.

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga advised the underwriters with Jean Marcel Arakawa, Vanessa Fiusa, Henrique Ferreira Antunes, Felipe Rezende Kachan and Gabriela Castro Rabelo.

Involved fees earner: Luiz Octavio Duarte Lopes – Lefosse; André Mileski – Lefosse; Vicente Gioielli – Lefosse; Sara Abdu – Lefosse; Grenfel Calheiros – Simpson Thacher & Bartlett; Paulo Fernando de Menezes Cardoso – Simpson Thacher & Bartlett; Tosca Augustin – Simpson Thacher & Bartlett; Marcelo Lorenzen – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett;

Law Firms: Lefosse; Simpson Thacher & Bartlett;

Clients: Bank of America Merrill Lynch; BTG Pactual; Credit Suisse; JP Morgan; Banco Bradesco BBI S.A.; Banco Itau BBA; Banco Santander Brazil; BB Banco de Investimentos S.A; Magazine Luiza;

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Author: Ambrogio Visconti.