C&A Modas S.A. Initial Public Offering

Davis Polk advised the joint bookrunners in connection with the initial public offering by C&A Modas S.A. and the selling shareholders of 98,630,146 common shares for an aggregate amount of approximately R$1.6 billion (approximately $406 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.

C&A is the second most recognized fashion retail brand and third in Brazil in terms of net revenue among Brazilian apparel retail companies listed on the São Paulo Stock Exchange. C&A is focused on designing, distributing and selling fashion retail and apparel products at good value-for-money, as well as selling electronics and related products. 

The Davis Polk corporate team included Manuel Garciadiaz and Ivana Martins. The tax team included David H. Schnabel and Danielle Rapaccioli. Members of the Davis Polk team are based in the São Paulo and New York offices.