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Simpson Thacher recently represented the placement agents in connection with the initial offering of common shares of Companhia Providência Indústria e Comércio. UBS Securities LLC and Santander Investment Securities Inc. acted as joint bookrunners for the offering. HSBC Securities, Inc. and Banco Espírito Santo de Investimento S.A. acted as co-managers for the offering. The transaction included a primary offering. 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, Hong Kong and Singapore under Regulation S.

Providência is the leading Brazilian producer of nonwovens, with 45% of the market share for disposable and durable nonwovens products in Brazil, and with an important presence throughout Latin America. Providência is also the third largest manufacturer of PVC tubes and connections in Brazil.

The Simpson Thacher team for this transaction included Jaime Mercado, Andrea Andrezo, Layla Carvalho and Nair Janson (Capital Markets) and Jonathan Cantor and Jeffrey Graff (Tax).