Davis Polk advised Natura Cosméticos S.A. on its all-share acquisition of Avon Products, Inc.
The transaction, which is expected to close in early 2020, is subject to customary closing conditions including approval by both Natura’s and Avon’s shareholders as well as antitrust authorities in Brazil and certain other jurisdictions.
Resulting from the combination of Natura, Aesop and The Body Shop, the corporate brand Natura &Co consolidates the creation of a global, multi-channel and multi-brand cosmetics group driven by purpose. For 130 years, Avon has stood for women by providing innovative, quality beauty products that are primarily sold to women, through women.
The Davis Polk corporate team included partner Daniel Brass (Picture) and associates Albert Zhu and Michael Senders. Partner Manuel Garciadiaz and associate Konstantinos Papadopoulos provided financing and capital markets advice. Partner Edmond T. FitzGerald and associate Joseph S. Brown provided executive compensation advice. Partner Howard Shelanski provided antitrust and competition advice. Partner Frank J. Azzopardi and associate Jesse L. Hallock provided intellectual property and technology advice.
Involved fees earner: Frank Azzopardi – Davis Polk & Wardwell; Daniel Brass – Davis Polk & Wardwell; Joseph Brown – Davis Polk & Wardwell; Edmond FitzGerald – Davis Polk & Wardwell; Manuel Garciadiaz – Davis Polk & Wardwell; Jesse Hallock – Davis Polk & Wardwell; Konstantinos Papadopoulos – Davis Polk & Wardwell; Michael Senders – Davis Polk & Wardwell; Howard Shelanski – Davis Polk & Wardwell; Albert Zhu – Davis Polk & Wardwell;
Law Firms: Davis Polk & Wardwell;
Clients: Natura Cosméticos S.A.;