Davis Polk instructed on $690m IPO by Brazilian healthcare provider
Davis Polk advised Notre Dame Intermédica on an offering of 146,484,361 common shares for an aggregate amount of R$2.4 billion (approximately $691 million).
Notre Dame Intermédica is a healthcare services company headquartered in São Paulo.
The company focuses on selling employer-sponsored health and dental plans. Bain Capital is its controlling shareholder.
The shares trade on the São Paulo Stock Exchange and were sold in the international offering under Rule 144A and Regulation S.
Partner Manuel Garciadiaz led the Davis Polk advising Notre Dame Intermédica.