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Simpson Thacher recently represented Itaú USA Securities, Inc., UBS Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Banco BTG Pactual S.A., as placement agents, and E.S. Financial Services Inc. and Caixa – Banco de Investimento, as co-managers, in connection with the follow-on offering of 33,300,000 common shares, of Companhia de Concessões Rodoviárias. The common shares were offered to the public in Brazil, to qualified institutional buyers in the United States under Rule 144A and to non-U.S. persons under Regulation S. The transaction raised R$1.099 billion (approximately US$636.7 million) in proceeds. 

Companhia de Concessões Rodoviárias is the largest toll road concession company in Brazil in terms of gross revenue. They manage eight toll road concessions located in three states in Brazil. 

The Simpson Thacher team for this transaction included S. Todd Crider, Gustavo Benchimol, William A. Langer and Paula Redondo Pereira (Capital Markets); Jennifer P. Klein (Tax); and Elizabeth Martinez, Christina Mauricio and André Gregori (paralegals).