Several firms act on the follow-on by Localiza
Several firms acted on the primary public offering of common shares issued by Localiza, the largest car rental company in Brazil.
This offering was subject to a priority offering in Brazil pursuant to which the existing shareholders had the right to reserve for purchase an aggregate of up to 100% of the common shares offered.
The operation totaled R$4.5 billion, with the issuance of 67,527,012 new common shares.
Pinheiro Neto Advogados acted as Brazilian counsel for the company and relied on partner Henrique Lang (picctured left), associates Paula Rodrigues, Mateus Camarotti, Taisa Sani and Matheus Correia and legal assistant Felipe de Santi.
Milbank LLP acted as International counsel for the company and relied on partner Fabiana Sakai, associates Pedro Silva and Lays Lima Dutra and international attorneys Elora Farias and Caio Junqueira.
Machado Meyer advised the underwriters Banco Itaú BBA, Banco Bradesco BBI, Banco BTG Pactual, UBS Brasil Corretora de Câmbio, Títulos e Valores Mobiliários, Banco Santander (Brasil), Bank of America Merrill Lynch Banco Múltiplo, Banco Safra, XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários and relied on partners Gustavo Rugani (pictured center), Guilherme Azevedo (pictured right), lawyers Wagner Eustaquio Duarte Junior, Andre Figueiredo Diniz, Isabelle Germaine Fernandes Noro Valente and Fernanda Marques Ribeiro.
Simpson Thacher & Bartlett LLP acted as International counsel for the underwriters and was led by Head of Sao Paulo office and partner, Grenfel S. Calheiros, and included associates Raissa Fini and João F. Rocha.
