Natura
August 27, 2026
SAO PAULO, Brazil -- August 27, 2026
Natura shareholders approved measures tied to Advent International's Lotus fund investment, including a waiver related to a mandatory tender offer trigger and an expansion of the board to elect two additional directors nominated in connection with Advent.
Advent's Juan Pablo Zucchini and Rafael Patury Carneiro Leao were elected after Lotus reached the minimum 8% stake contemplated in the binding commitment disclosed earlier in 2026. The meetings also addressed a new stock-option program and amendments reflecting a new shareholders agreement with the investor alongside the existing controlling group holding about 38.8%.
The Advent partnership had been outlined when Natura disclosed governance changes earlier in the year. The August 27 votes completed key conditions for Advent's board representation.