Davis Polk advised Ouro Fino Saude Animal Participacoes S.A. and the selling shareholders, in connection with the initial public offering by Ouro Fino and the selling shareholders of 13,461,539 common shares for an aggregate amount of R$363 million. The common shares trade on the Sao Paulo Stock Exchange. Common shares sold in the international offering were placed under Rule 144A and Regulation S. This was the only IPO in Brazil to date in 2014.  

Ouro Fino is the largest Brazilian company (and the third-largest including multinationals) in the animal health market in Brazil in terms of sales. Ouro Fino has a complete portfolio of 123 veterinary products for animal health.   

The Davis Polk corporate team included Manuel Garciadiaz, Meghan Maloney, Debora A. Ayoub and Mariana Grimaldi. Michael Farber and Brian Harris provided tax advice. Members of the Davis Polk team are based in the New York and Sao Paulo offices.