Davis Polk advised CVS Caremark Corporation in connection with its first ever international acquisition – Drogaria Onofre, a retail drugstore chain in Brazil. Financial terms of the transaction were not disclosed.
CVS Caremark is a Fortune 18 company with over $100 billion in annual revenue, with two primary businesses: retail drugstores and pharmacy benefit management services.
The Davis Polk corporate team included partners Louis Goldberg and Maurice Blanco and associates Michael Grossman and Laura Turano. Partner Michael Mollerus provided tax advice. Partner Edmond FitzGerald and associate Jessica Neidhart Agostinho provided employee benefits advice. Members of the Davis Polk team are based in the New York and São Paulo offices.
