News & Events

Simpson Thacher recently represented Klabin Segall S.A. and several selling shareholders in an initial offering of common shares of the Company that closed on October 11, 2006. The transaction raised the U.S. dollar equivalent of approximately US$240 million in proceeds of which US$170 million related to a primary portion and US$70 million related to a secondary portion. 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 in Europe under Regulation S. Klabin Segall S.A. is a leading real estate development company targeting the largest metropolitan areas of Brazil.

Since December 2005, the firm has closed nine "Brazilian IPOs" (each included a 144A/Reg S offering outside of Brazil) in which it has represented the issuer, in addition to several other transactions where we have represented the placement agents.

The Simpson Thacher team for the transaction consisted of Jaime Mercado, Christopher Frigon, Adriana Kertzer and Fionna Tsu (corporate), and Jonathan Cantor and Peter Rosen (tax).