The Firm represented Itau BBA USA Securities, Inc., BofA Securities, Inc., BTG Pactual US Capital, LLC, J.P. Morgan Securities LLC, Banco do Brasil Securities LLC, Bradesco Securities, Inc., Morgan Stanley & Co. LLC and Santander Investment Securities Inc., as placement agents in connection with a follow-on offering of 110,000,000 common shares in aggregate sold by Magazine Luiza S.A. (“Magazine Luiza”), and certain selling shareholders in an aggregate amount of R$4.7 billion. The common shares were offered to certain institutional investors in Brazil, 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 Magazine Luiza are traded on the São Paulo Stock Exchange (B3) under the ticker symbol “MGLU3.”
Magazine Luiza is one of the largest digital retail platforms in Brazil, offering a wide range of products and services for all socio-economic classes of the Brazilian population through a multichannel retail sales platform, including e-commerce and stores.
The Simpson Thacher team was led by Grenfel S. Calheiros and included Paulo F. Cardoso and Winnie Y. Loureiro (Capital Markets); and Jonathan Cantor and Edward Grais (Tax).