Several firms act on follow-on equity offering by Energisa
Cleary Gottlieb and Stocche Forbes represented Energisa in its offering that raised approximately BRL 2.5 billion in gross proceeds and consisted of a primary offering of approximately 98 million common shares and 152 million preferred shares, delivered in the form of units composed of one common share and four preferred shares. The offering was priced at BRL 49.80 per unit on January 29, 2024, and closed on February 1, 2024.
Pinheiro Neto and Davis Polks represented the underwriters. The shares were offered in Brazil to professional investors and in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act. The placement agents of the offering were Itau BBA, Bank of America, Bradesco BBI, BTG Pactual, Citigroup, J.P. Morgan, Santander and Scotiabank.
Energisa is listed on the Level 2 segment of the São Paulo Stock Exchange (B3) and is primarily engaged in electric energy distribution with integrated operations that include the generation, transmission and distribution of electric energy, as well as natural gas distribution, sale of electricity and providing services relating to operation and maintenance of electricity assets.
Cleary relied on partners Juan Giráldez (pictured left) and Jonathan Mendes de Oliveira, associates Silvia Fittipaldi and Raisa Reggiori, and international lawyers David Schechtman and Jean Pontes. Partner Matthew Brigham and associates Adriana De Bartolo and Joseph Roy advised on tax matters. All lawyers are based in Sao Paulo except David Schechtman, Matthew Brigham, and Adriana De Bartolo, who are based in New York, and Joseph Roy, who is based in San Francisco.
Stocche Forbes relied on partners Thadeu Bretas (pictured center), Alessandra Zequi, Henrique Filizzola; associates Ana Flávia Chaves, Fernando Daniel de Ponte de Paula, Diego Paixão Vieira, Fernando Daniel de Paula, Rafael Bilton, Pedro Miranda Gomes.
Pinheiro Neto Advogados relied on partners Fernando Zorzo (pictured right), Guilherme Monteiro; counsel Marcos Saldanha Proença, associates Paula Regina Fernandes Rodrigues, Vinícius Gonzaga, Carlos Edurado Nunes Aranha, Maya Goldfajn and paralegal Felipe Arrebola.
Davis Polk & Wardwell LLP relied on partner Manuel Garciadiaz, associate Luis Felipe Sousa.
In-house counsel
Energisa: Fernanda Rocha Campos Pogliese, João Paulo Paes de Barros and Guilherme Fuiza Munizto Itaú BBA: Rafael Vietti, Daniela Marti, Laura Prata, Leonardo de Carvalho Garcia, Caio Eduardo Secchi Gaio;
Bank of America: Ana Absy, Edgar Pascarelli;
Bradesco BBI: Rodrigo Mamede, Renata Antonini, Jader Kaleo de Oliveira, Maykon Pereira Ramalho, Brian Miguel Moreira de Souza, Bruno Henrique da Silva, Victoria Canin Taraborelli;
BTG Pactual: Kevin Younai, Felipe Andreu, Gabriela Trevisan, Isabella Roque, Guilherme Silveira, Izabel Siqueira, Bruno Souza;
Citibank: Caio Blaj, Fernanda Savino, Iza Noronha, Maria Carolina Gama;
JP Morgan: Pedro Mafud, Elisa Lemos, Liz Rosado;
Santander: Viviane Rodrigues Manoel, Roberta Ferreira Camargo, Larissa Dias da Cunha, Romulo Spelta Soares, Mercedes Pacheco, Bonnie Macfarlane;
Scotiabank: Kevin Felz, Vanessa Trench, Josiane Alves and Nicole Dimauro.
