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Simpson Thacher recently represented UBS Securities LLC as placement agent in connection with the initial offering of 67,681,481 Class A shares, including Class A shares in the form of Brazilian Depositary Receipts (BDRs), of Laep Investments Ltd. Bulltick, LLC acted as co-manager for the offering. The BDRs were offered to the public in Brazil, with selling efforts of BDRs and Class A shares to qualified institutional buyers in the United States under Rule 144A and to non-U.S. persons under Regulation S. The transaction raised approximately US$286 million in proceeds.

Laep Investments Ltd. owns Parmalat Brasil S.A. Indústria de Alimentos, the leader of UHT milk in Brazil, with a 12.7% market share. It also owns Integralat – Integração Agropecuária S.A., a company organized to pursue long-term commercial relationships with local third-party milk producers in Brazil.

The Simpson Thacher team for this transaction included S. Todd Crider, Thiago Spercel and Thomas França (Capital Markets); Jonathan Cantor and Peter Rosen (Tax); and Elizabeth Martinez (paralegal).