Natura acquisition of Avon
Davis Polk is advising 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 includes partner Daniel Brass and associates Albert Zhu and Michael Senders. Partner Manuel Garciadiaz and associate Konstantinos Papadopoulos are providing financing and capital markets advice. Partner Edmond T. FitzGerald and associate Joseph S. Brown are providing executive compensation advice. Partner Howard Shelanski is providing antitrust and competition advice. Partner Frank J. Azzopardi and associate Jesse L. Hallock are providing intellectual property and technology advice. Members of the Davis Polk team are based in the New York and São Paulo offices.