Veirano advise Novo Caracol and Tainhas on debentures issuance
Veirano and Machado Meyer acted on the public offering of the 1st issuance of debentures of Novo Caracol e Tainhas.
Novo Caracol and Tainhas is a consortium that assumed the concession of the state parks Caracol and Tainhas, both located in the State of Rio Grande do Sul. The consortium is formed by Iter (the controlling company of Companhia Caminho Aéreo Pão de Açúcar – a.k.a. Bondinho do Pao de Acucar, the centenary and historical cable car of Sugarloaf in Rio de Janeiro) and Pianura.
Caracol and Tainhas State Parks are famous tourist parks in the south region of Brazil, near to Canela and Gramado.
This is the first public offering of Novo Caracol and Tainhas in the local market, and the proceeds will be used to make investments in assets, capital expenditures and payment of other financial instruments and liabilities of the Issuer, in particular for the management of Caracol State Park and Tainhas State Park.
In Caracol, the consortium intends to invest in adventure activities, such as tree climbing and ziplines, while in Tainhas it intends to invest in water activities and accommodation, such as camping.
The transaction worth BRL 120 million.
Veirano advised Novo Caracol and Tainhas and relied on partner Luiz Rafael de Vargas Maluf (pictured left), associates Giovanna de Souza Fetter, Michele Cazemiro Cristofoli Santos, intern Luiz Gustavo Panizza Brandao Britts.
Machado Meyer advised Banco Itaú BBA; UBS Brasil Corretora de Câmbio, Títulos e Valores Mobiliários and relied on partner Raphael Zono (pictured right), senior associate Bruno Henrique Navas de Carvalho, associate Helena Avanzi Leonardi and intern Nicole de Carvalho Addeo.
