FacultyFaculty/Author Profile
Richard S. Aldrich Jr.

Richard S. Aldrich Jr.

Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates

Sao Paulo, , BRA


Richard Aldrich’s practice focuses on securities offerings, mergers and acquisitions and public and private financings in Brazil and the United States for both companies and financial advisors. From 1987 to 1994, he represented the Bank Advisory Committee of Brazil in Brazil’s US$120 billion foreign debt restructuring, and in 1992, he represented Aracruz Celulose S.A. in the first SEC-registered, NYSE-listed IPO of a Brazilian company.

Since 2005, Richard Aldrich has been ranked by Chambers Global in the areas of Latin America Capital Markets: Locally based International Counsel (Brazil), Banking and Finance (Latin America-wide), Corporate/M&A (Latin America-wide) and Capital Markets (Latin America-wide). He also was selected for inclusion in Who’s Who Legal - Capital Markets 2013, The Best Lawyers in America 2010 and in Latin America’s Legal Stars 2010. In 2013, Mr. Aldrich received the International Lawyer of the Year Award presented by Latin Lawyer magazine.

From 2004 to 2009, Mr. Aldrich served as co-head of Shearman & Sterling’s São Paulo office. From 1984 to 1987, he was in charge of Shearman’s Hong Kong office, and he served as general counsel for the Middle East/Africa Division of Citibank from 1978 to 1982.

Mr. Aldrich is a member of the advisory board of the Brazilian-American Chamber of Commerce and served as president from 2005 through 2008.

Since joining Skadden, his experience includes representing:
  • Banco BTG Pactual S.A. and BTG Pactual Participations as U.S. legal adviser in their approximately US$2 billion initial public offering. This was the first IPO by an investment bank based in Brazil;
  • Temasek Holdings (Private) Limited in its equity investment in Netshoes.com, in its equity investment in Amyris, Inc. through a PIPE, and in its US$400 million investment in Odebrecht Oil and Gas S.A. and subsequent syndications;
  • General Shopping Brasil S.A. in its US$150 million issuance of subordinated perpetual bonds and in its US$200 million issuance and US$50 million subsequent issuance of perpetual bonds;
  • Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC as joint bookrunners in a US$500 million Rule 144A/Regulation S reopening of the offering of 7.25% senior notes due 2041 issued by Votorantim Cimentos S.A. (Brazil);
  • MAHLE Metal Leve S.A. (Brazil) and its parent company, MAHLE GmbH (Germany), in a US$198 million Rule 144A/Regulation S secondary follow-on offering of common shares of MAHLE Metal Leve on the São Paulo Stock Exchange;
  • BTG Pactual US Capital Corporation and Deutsche Bank Securities Inc., as joint bookrunners, in a US$230 million Rule 144A/Regulation S high-yield offering of 8.5% guaranteed perpetual notes by BR MALLS Participações S.A. (Brazil). The perpetual notes were listed on the Luxembourg Stock Exchange;
  • Banc of America Securities LLC, Citigroup Global Markets Inc. and HSBC Securities (USA) Inc., as joint bookrunning managers, in a US$750 million Rule 144A/Regulation S offering of 6.75% guaranteed senior notes due 2021 by Voto-Votorantim Limited, a subsidiary of Votorantim Participações S.A.;
  • Brazil Pharma S.A. in its US$260 million IPO;
  • ITAU BBA, Bank of America Merrill Lynch and Credit Suisse in the US$340 million IPO of Arezzo;
  • Votorantim Celulose e Papel S.A. in the SEC-registered stock swap merger with Aracruz Celulose S.A.;
  • Natura Cosméticos S.A. and the selling shareholders in the US$817 million Rule 144A/Regulation S secondary offering of common shares of Natura Cosméticos;
  • Embraer – Empresa Brasileira de Aeronáutica S.A. in the US$500 million, SEC-registered offering of notes, listed on the New York Stock Exchange by Embraer Overseas Limited;
  • Credit Suisse, Bradesco BBI and Santander Investment in the US$422 million Rule 144A/Regulation S follow-on primary offering of common shares of Rossi Residencial S.A.;
  • Banco Itaú BBA, BofA Merrill Lynch, Santander and Citi in the follow-on, US$228 million primary offering of common shares of Iguatemi Empresa de Shopping Centers S.A.;
  • Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Banco Itaú Europa, S.A. – London Branch and Santander Investment Securities Inc., as joint bookrunning managers, in a US$1 billion Rule 144A/Regulation S offering of notes by Voto-Votorantim Overseas Trading Operations V Limited, a subsidiary of Votorantim Participacoes S.A., the parent company of Brazil’s largest conglomerate;
  • Banco Itaú BBA, Banco UBS Pactual S.A., Banco Santander (Brasil) S.A., Citigroup Global Markets Brasil Corretora de Câmbio and other underwriters in a US$430 million Rule 144A/Regulation S combined primary/secondary offering of shares by BR MALLS Participações S.A.;
  • Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC as joint bookrunners in a US$417 million Rule 144A/Regulation S combined primary/secondary public offering of common shares by Hypermarcas S.A.; and
  • Iochpe-Maxion S.A. in its US$180 million acquisition of the wheel-manufacturing units from ArvinMeritor, Inc.
Education

J.D., Vanderbilt University School of Law, 1975

A.B. (Latin), Brown University, 1970

Bar Admissions

New York

Foreign Consultant admitted by the Ordem dos Advogados do Brasil - Secção de São Paulo (São Paulo Bar)

Languages

English, Portuguese

Professional Affiliations and Business Activities

Member, Advisory Board, Brazilian-American Chamber of Commerce

Member, Board of Directors, Private Export Funding Corporation
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