Alpargatas’ $475 Million Series B Investment in Rothy’s

Mayer Brown represented Alpargatas S.A. in the transaction while Cooley advised Rothy.

Alpargatas S.A., a Brazil-based, global footwear company creator of the famous flip flop “Havaianas,” executed its $475 million Series B investment in Rothy’s, Inc., a San Francisco-based online retailer of eco-friendly footwear, bags and accessories.

Under the terms of the agreement, Alpargatas will acquire 49.9 percent of Rothy’s in a four-step transaction. This will include an investment of $200 million in primary capital in two tranches followed by a tender offer and a private purchase to acquire approximately $275 million of Rothy’s shares from current stockholders, including the founders, resulting in a post-investment valuation of $1 billion.

The Mayer Brown team was led by partners Carlos Motta (São Paulo; Picture) and Nina Flax (NorCal) and included lawyers across multiple practices and offices in the US, Brazil, China and Hong Kong.

The Cooley team included: odie Bourdet, Al Browne, Lindsy Solanki, Farzad Tabaee, Meera Patel, Ron Metzger, Kristin O’ Hanlon, Sharon Connaughton, Megan Browdie, Chris Kimball, Stacey Bradford, Erica Russell, Tara Capsuto, Nicollette Moser, Sarah Oliai, Madeleine Smith, Christine Jeong and Addison Pierce.

Involved fees earner: Jodie Bourdet – Cooley LLP; Stacey Bradford – Cooley LLP; Megan Browdie – Cooley LLP; Alfred Browne – Cooley LLP; Tara Capsuto – Cooley LLP; Sharon Connaughton – Cooley LLP; Christine Jeong – Cooley LLP; Christopher Kimball – Cooley LLP; Ron Metzger – Cooley LLP; Nicollette Moser – Cooley LLP; Kristin O’Hanlon – Cooley LLP; Sarah Oliai – Cooley LLP; Meera Patel – Cooley LLP; Addison Pierce – Cooley LLP; Erica Russell – Cooley LLP; Madeleine Smith – Cooley LLP; Lindsy Solanki – Cooley LLP; Farzad Tabaee – Cooley LLP; Nina Flax – Mayer Brown; Carlos Motta – Mayer Brown;

Law Firms: Cooley LLP; Mayer Brown;

Clients: Alpargatas S.A.; Rothy’s;