Track & Field R$454.8 million IPO

Davis Polk advised Track & Field Co S.A. and the selling shareholders in connection with Track & Field’s initial public offering of 49,166,000 preferred shares for an aggregate amount of R$454.8 million. The preferred shares trade on the São Paulo Stock Exchange. Preferred shares sold in the international offering were placed under Rule 144A and Regulation S.

Track & Field is one of the leading companies in the Brazilian wellness market and sells sporting goods, lifestyle goods, beachwear, footwear and accessories.

The Davis Polk corporate team included Maurice Blanco and Konstantinos Papadopoulos. Ethan R. Goldman and Tyler Scheiner provided tax advice. Matthew R. Silver provided Investment Act advice. Members of the Davis Polk team are based in the São Paulo and New York offices.