Lefosse and Brazilian firms in Getninjas’ IPO
Lefosse Advogados as brazilian special counsel to Getninjas S.A in connection with the primary and secondary public offering
Lefosse Advogados advised Getninjas S.A in connection with the primary and secondary public offering of common shares, including a primary and secondary public offering of more than 24,000 shares issued by the company, totaling R$482,039,780.00.
Available for Android, iOS and the web, GetNinjas is the largest service hiring app in Latin America. In 2017, it was elected by Forbes Brasil as one of the most promising companies in Brazil. In 2018, it was listed as one of the hottest startups in the market in the “100 startups to watch” ranking, the result of a partnership between PEGN and Época Negócios magazines and Corp.vc.
Currently, it has more than 200 types of services available. The company, which received R$47 million in funding from funds such as Monashees, Kaszek, and Tiger Group, is already present in more than 3 thousand cities in Brazil, registers more than 2 million service requests per year, and has more than 500 thousand registered professionals. GetNinjas was founded in 2011 by Eduardo L’Hotellier, who serves as CEO – ahead of operations.
The funds raised in the offering, which amount to R$ 550 million, will be used by the company for investments in marketing, human capital and cash strengthening.
The Lefosse team included partners Rodrigo Junqueira (pictured left), Mauricio Paschoal (pictured top left), Jana Araujo (pictured top right), Gustavo Paes (pictured bottom left), Breno Sarpi (pictured bottom right) and associates Rodrigo Paes de Barros, Matheus Maiotto, Leonardo Gaspar, Isabella Guimarães, Ricardo Santos and Thomas Nunes.
Demarest Advogados was Brazilian counsel to the Underwriters: Banco BTG Pactual S.A., Banco J.P. Morgan S.A., UBS Brasil Corretora de Câmbio, Títulos e Valores Mobiliários S.A., and Banco Bradesco BBI S.A. with partner Joao Paulo Minetto and associates Thiago Giantomassi, Denise Lie Okimura, Giulia Maia Bonadio, Isabela Valente, Leonardo Cajaiba.
Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados was the Brazilian attorney for Monashees and Kaszek (selling shareholders).
Tozzini Freire was the Brazilian lawyer of Saint-Gobain (selling stockholder) with partners Fabíola Cavalcani and Marcela Waksman Ejnisman, associates Mariana Del Nero Cornibert da Barrosa, Isabella Vitoria Koshiyama de Freitas and Gabriel Dantas Oliveira Duplat Paiva.
Pinheiro Neto Advogados was a Brazilian attorney for Tigre (selling stockholder) with partner Raphael de Cunto, senior associate Gustavo Ferrari Chauffaille and associate Giovana Silva.
White & Case LLP was a foreign lawyer for the company and for the selling shareholders.
Skadden, Arps, Slate, Meagher & Flom LLP was foreign counsel to the underwriters.
