Shearman & Sterling represented Banco Itaú BBA, J.P. Morgan, UBS-Pactual, Deutsche Bank and Raymond James as the placement agents in the US$790 million secondary offering of common shares of Natura Cosmético. Natura is the largest comestics, fragrance and toiletries company in Brazil, with annual revenues of more than US$2.5 billion.

The principal attorneys involved were partners Robert Ellison (São Paulo) and Andrew Jánszky (São Paulo) and associates Tobias Stirnberg (São Paulo), Tatiana Tafarello (São Paulo) and Cristina Milani (São Paulo).