Cleary Gottlieb, EY instructed on Nexa Resources $570 million IPO

Cleary Gottlieb acted for Nexa Resources, and its controlling shareholder Votorantim, on the former´s debut offering.  EY advised the investors.

Nexa Resources, formerly known as Votorantim Metais, is one of the largest producers of mined zinc globally. The company operates and owns three mines in the Central Andes of Peru and two in the state of Minas Gerais in Brazil. Nexa Resources is headquartered in Sao Paulo.

The offering was made pursuant to a registration statement on Form F-1 filed with the Securities and Exchange Commission and a prospectus filed with the Canadian securities regulatory authorities. The common shares began trading under ticker NEXA on the New York Stock Exchange and the Toronto Stock Exchange on October 27, 2017. 

J.P. Morgan Securities, BMO Capital Markets, Morgan Stanley and Credit Suisse Securities acted as global coordinators in this offering. BofA Merrill Lynch, Citigroup Global Markets, Scotia Capital, Banco Bradesco BBI and Credicorp where joint bookrunners while ABN AMRO Securities, Banco do Brasil Securities, Macquarie Capital Markets Canada, MUFG Securities Americas, National Bank of Canada Financial and RBC Capital Markets acted as co-managers.

The Cleary team advising Nexa Resources included partners Nicolas Grabar and Francesca Odell in New York and Juan Giráldez in São Paulo.

EY provided tax and transaction counsel to the investors in the IPO. Fernando Tori and Edwin Sarmiento led the EY team in Peru.