Machado Meyer assists Sequoia Logística and selling shareholders in IPO

Machado Meyer assisted Sequoia Logística e Transportes in IPO of shares with restricted placement efforts

The law firm Machado Meyer assisted the company and the selling shareholders (including Warburg Pincus) in the follow-on public offering of shares issued by Sequoia Logística e Transportes S.A., including a primary and secondary offering of common shares issued by the Company, with restricted placement efforts, pursuant to CVM Instruction 476.

The relevant fact was disclosed by the company that informed that the offer will constitute the primary distribution of 8,287,293 new shares, to be issued by the company, and the secondary distribution of 18,194,242 shares owned by WP XI C Fundo de Investimento em Participações Multiestratégia and certain individual sellers.

The secondary offering may be increased by 35%, or by up to 9,268,537 shares held by the selling shareholder investor. Based on the closing price of the share on April 5 (R$24.27), the amount of the offer, without considering the additional shares, should exceed R$722,151,459.45. With the inclusion of these papers, the value should reach close to R$1 billion.

Partner Gustavo Rugani Do Couto E Silva (pictured) led the work at Machado Meyer along with lawyers Guilherme Azevedo Ferreira Alves, Wagner Eustaquio Duarte Junior, Fernanda Marques Ribeiro, Andre Figueiredo Diniz,

Pinheiro Neto Advogados with partners José Luiz Homem de Mello, and Fernando dos Santos Zorzo and associates Gustavo Chauffaille (Senior Associate), Fernão Mesquita and Emily Somenzari and firm White & Case represented underwriters.