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Simpson Thacher recently represented Totvs S.A. (“Totvs") and several selling shareholders, in Totvs's initial offering of common shares. The transaction raised the U.S. dollar equivalent of approximately US$188 million in proceeds of which US$134 million was a primary offering and US$54 million related to a secondary offering by the selling shareholders. The common shares were offered to the public in Brazil, with selling efforts to qualified institutional buyers in the United States under Rule 144A and to non-U.S. persons under Regulation S.

Totvs is the largest company in Latin America in the development and sale of enterprise resource planning ("ERP") software and related services for small- and medium-sized enterprises and a complementary player in the market for large enterprises. Totvs's products include ERP software, customer relationship management software, business intelligence software, and supply management software. Totvs also develops specific modules known as verticals that offer additional features tailored to customers' industries. Totvs, formerly known as Microsiga Software S.A., has been operating for over 20 years and is present throughout Brazil and Latin America.

The Simpson Thacher team for the transaction consisted of Todd Crider, Jaime Mercado, Beatriz Franco, Adriana Kertzer and Sergio Machado (corporate), and Jonathan Cantor and Sean Austin (tax).