Several firms act on public offering of Hidrovias
Mattos Filho, Skadden Arps, Pinheiro Neto, Simpson Thacher acted on the public offering for secondary distribution of 130,000,000 common shares of Hidrovias sold by Pátria Infraestrutura Fundo de Investimento em Participações Multiestratégia, Pátria Infraestrutura Brasil Fundo de Investimento em Participações Multiestratégia, HBSA Co-Investimento – Fundo de Investimentos em Participações Multiestratégia and Sommerville Investments B.V.
The common shares were offered to certain institutional investors in Brazil, to qualified institutional buyers in the United States under Rule 144A and to non-U.S. persons in reliance on Regulation S.
Hidrovias is one of the largest independent integrated logistics providers focused on waterway logistics services in Latin America, as measured by contracted revenue and carrying capacity. The shares of Hidrovias are traded on the Novo Mercado listing segment of the São Paulo Stock Exchange (B3 S.A. – Brasil, Bolsa, Balcão) under the symbol “HBSA3.”
The price per common share was of BRL 3.40, as approved following the conclusion of the book building process, which totaled an amount of BRL 442.000.000,00.
Mattos Filho advised Hidrovias do Brasil, Pátria Infraestrutura Fundo de Investimento em Participações Multiestratégia, Pátria Infraestrutura Brasil Fundo de Investimento em Participações Multiestratégia, HBSO Co-Investimento Fundo de Investimento em Participações Multiestratégia and relied on partner Vanessa Fiusa (pictured left), associates Juliana Smith de Berredo, Yasmin Karam, Rafaela Zenaro Maron, Luiz Fernando Fessel Levoto.
Skadden, Arps, Slate, Meagher & Flom LLP was international counsel of the company and Patria’s Funds.
Pinheiro Neto Advogados was Brazilian counsel of the underwriters represented Itau BBA USA Securities, Inc., BTG Pactual US Capital, LLC, Santander US Capital Markets LLC and XP Investments US, and relied on partners Fernando dos Santos Zorzo (pictured top center), Guilherme Sampaio Monteiro (pictured top right), senior associate Luiz Felipe Fleury Vaz Guimaraes, associates Felipe Morais Assunção, Gabriela Kaneshiro Pereira, legal assistants Beatriz Pecci Marani and Gabriel Pimentel Tavares Rodrigues.
Simpson Thacher & Bartlett was international counsel of the underwriters. Their team for the transaction included partners Grenfel S. Calheiros (pictured bottom left) and Jonathan Cantor (pictured bottom right), associatesLuiz F. Noronha, Raissa Fini, Isabel de Carvalho and Ariela Sznirer; and Scott Grundei.
