Natura &Co’s $1 Billion Common Shares Offering

Davis Polk advised Natura &Co Holding S.A. on the deal.

Natura &Co Holding S.A. executed a global offering of 121,400,000 common shares for approximately R$5.6 billion ($1 billion). The global offering was comprised of an international offering of common shares, including common shares represented by American depositary shares, conducted by the international underwriters in the United States and elsewhere outside Brazil. The concurrent Brazilian offering consisted of an offering of common shares in Brazil. Each ADS represents two common shares of Natura &Co. The common shares are listed on the Brazilian Stock Exchange under the symbol “NTCO3” and the ADSs are listed on the New York Stock Exchange under the symbol “NTCO.”

Natura &Co is a global, purpose-driven, multi-channel and multi-brand cosmetics group, which includes Avon, Natura, The Body Shop and Aesop. The four companies that form the group are committed to generating positive economic, social and environmental impact.

The Davis Polk corporate team advising Natura &Co included Manuel Garciadiaz (Picture), Lourenço Lopes-Sabino and Hugo Casella. Mario J. Verdolini and Joseph M. Gerstel provided tax advice. Brantley Hawkins provided 1940 Act advice.

Involved fees earner: Manuel Garciadiaz – Davis Polk & Wardwell; Joseph Gerstel – Davis Polk & Wardwell; Brantley Hawkins – Davis Polk & Wardwell; Lourenço Lopes-Sabino – Davis Polk & Wardwell; Mario Verdolini – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Natura & Co Holding S.A.;

Author: Ambrogio Visconti.