Simpson Thacher acted on follow-on offering by CVC
Simpson Thacher represented Citigroup Global Markets Inc. and Itau BBA USA Securities, Inc., as placement agents, in connection with a primary follow-on offering of common shares and warrants of CVC Brasil Operadora e Agência de Viagens. The offering raised R$550 million in gross proceeds to CVC.
The common shares were offered to certain qualified institutional buyers under Rule 144A in the United States and to non-U.S. persons outside the United States in reliance upon Regulation S. CVC’s shares are traded on the B3 under the ticker symbol “CVCB3.”
CVC is one of the largest travel groups in Latin America, present in Brazil, Argentina and the United States, operating with brands in the business-to-business and business-to-consumer markets. CVC currently has 1,205 exclusive stores, of which 1,091 are located in Brazil and 114 are located in Argentina, and more than 7,127 multi-brand stores.
Simpson Thacher relied on partners Grenfel S. Calheiros (pictured right), Jonathan Cantor (pictured right) and included associtaes Marcelo B. Lorenzen and João Rocha and Preston Irace.
