Vulcabras Azaleia S.A.’s $207 Million Initial Public Offering


Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga, Milbank, Souza, Cescon, Barrieu & Flesch and Davis Polk & Wardwell advised on the transaction

Vulcabras Azaleia S.A. and the selling shareholders finalized the offering of 68,420,000 common shares for an aggregate amount of approximately R$671.5 million (approximately $207.6 million). The common shares trade on the São Paulo Stock Exchange. The securities sold in the international offering were placed under Rule 144A and Regulation S.

Credit Suisse (Brasil) S.A., Banco Bradesco BBI S.A., Banco BTG Pactual S.A. and Bank of America Merrill Lynch acted as joint bookrunners.

Vulcabras Azaleia is a leader in terms of sales of athletic footwear in the Brazilian market through its Olympikus brand and its Azaleia brand is a “top-of-mind” brand in the Brazilian women’s footwear market. Vulcabras Azaleia also has operations in the South American market, particularly in Colombia and Peru. The Company, led by Pedro Bartelle, Edivaldo Rogerio De Brito, Rafael Carqueijo Gouveia, Flavio De Carvalho Bento and Luiz Vanderlei Heidrich. is based in Horizonte.

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados advised Vulcabras Azaleia S.A. with Vanessa Fiusa, Isabela Francovig and Luccas Adib.

Milbank advised Vulcabras Azaleia S.A. with Fabiana Sakai, Andrew Walker, Joel Krasnow, Catherine Martin, Marcella Gurgel, Jules Mugema, Tathyane Vosgerau and Morris McGinn.

Souza, Cescon, Barrieu & Flesch Advogados advised the joint bookrunners with Joaquim Oliveira, Mariana Borges, Rafael Disposti and Carolina Muzzi.

Davis Polk & Wardwell advised the joint bookrunners with Manuel Garciadiaz (Picture), Konstantinos Papadopoulos and Adela Troconis. The tax team included Lucy W. Farr and Gil Savir.

Involved fees earner: Joaquim José Aceturi de Oliveira – Souza, Cescon, Barrieu e Flesch; Mariana Rodrigues Machado Borges – Souza, Cescon, Barrieu e Flesch; Rafael Rahal Disposti – Souza, Cescon, Barrieu e Flesch; Vanessa Fiusa – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Isabela Buranelli Francovig – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Luccas Augusto Nogueira Adib Antonio – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Manuel Garciadiaz – Davis Polk & Wardwell; Konstantinos Papadopoulos – Davis Polk & Wardwell; Adela Troconis – Davis Polk & Wardwell; Lucy Farr – Davis Polk & Wardwell; Gil Savir – Davis Polk & Wardwell; Fabiana Sakai – Milbank; Andrew Walker – Milbank; Jules Mugema – Milbank; Joel Krasnow – Milbank; Catherine Leef Martin – Milbank;

Law Firms: Souza, Cescon, Barrieu e Flesch; Mattos Filho Veiga Filho Marrey Jr & Quiroga; Davis Polk & Wardwell; Milbank;

Clients: BTG Pactual; Credit Suisse; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Banco Bradesco BBI S.A.; Vulcabras Azaleia S.A.;

Avatar

Author: Ambrogio Visconti.