Pinheiro Neto counsels underwriters on the Sequoia share issuance
Pinheiro Neto has advised BTG Pactual, Santander Brasil), Morgan Stanley and ABC Brasil
Pinheiro Neto Advogados assisted Banco BTG Pactual S.A., Banco Santander (Brasil) S.A., Banco Morgan Stanley S.A. and Banco ABC Brasil S.A. in the Sequoia Logística e Transportes S.A. issuance of a primary and secondary initial public offering of common shares. The offering was carried out according to CVM’s Ruling 400.
Sequoia is a logistics company that employs the use of technology in its services, a relevant operator in Brazil among private companies, operating in the full spectrum of services in the transport and logistics segment, with a focus on delivering express deliveries and reverse logistics solutions for e-commerce.ç
The selling shareholders were WP XI C Fundo de Investimento em Participações Multiestratégia, Fram Capital Sherman Fundo de Investimento em Participações Multiestratégia and Fram Capital Sherman II Fundo de Investimento em Participações Multiestratégia.
The final value of the deal reached more than $161 million.
Pinheiro Neto team as Brazilian counsel to the underwriters was led by partners José Luiz Homem de Mello and Fernando dos Santos Zorzo, and involved associates Gustavo Chauffaille and Fernão Mesquita, and legal assistants Leticia Venâncio and Nicole Rocha.
Machado, Meyer, Sendacz e Opice Advogados acted as Brazilian counsel to the company and selling shareholders. White & Case LLP served as U.S. counsel to the underwriters and Milbank LLP as U.S. counsel for the company.
