Simpson Thacher recently represented BTG Pactual US Capital Corp, BB Securities Limited, Banco do Brasil Securities LLC, Bradesco Securities, Inc., J.P. Morgan Securities Inc., and Santander Investment Securities Inc., as placement agents, and Banco Votorantim Securities, Inc., Deutsche Bank Securities Inc. and Safra Securities LLC, as co-managers, in connection with the follow-on offering of 200,000,000 common shares of JBS S.A. 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$1.6 billion (approximately US$921.9 million) in proceeds.
JBS S.A. is one of the world’s largest protein companies, and is the world’s largest beef producer and exporter. They process, prepare, package and deliver fresh and further processed and value-added beef, pork, lamb and poultry products, in addition to processing leather and producing milk and dairy products, in over 100 countries on six continents. They have operations in the United States, Brazil, Australia, Argentina, China, Italy, Mexico, Paraguay, Puerto Rico, Russia, and Uruguay.
The Simpson Thacher team for this transaction included S. Todd Crider, Grenfel Calheiros, Thiago Spercel, William A. Langer, Paula Redondo Pereira and Chi Pan (Capital Markets); Jonathan Cantor and Danny Salinas (Tax); and Elizabeth Martinez, Christina Mauricio and André Gregori (paralegals).