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The Firm recently represented BTG Pactual US Capital LLC, Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co and Santander Investment Securities Inc. as placement agents in connection with the initial public offering of 30,779,040 common shares of SER Educacional S.A. (“SER Educacional”) and listing on the São Paulo Stock Exchange (BM&FBovespa). 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 in reliance on Regulation S.  The transaction raised R$569.4 million (approximately US$255.3 million) in proceeds, pending exercise of the over-allotment option.

SER Educacional is one of largest private institutions of post-secondary education in the North and Northeast regions of Brazil based on number of campuses and number of enrolled students. SER Educacional intends to use the net proceeds from the offering to fund potential acquisitions of other educational companies and to finance itsorganic growth through the implementation of the distance learning programs and opening new campuses.

The Simpson Thacher team for this transaction included S. Todd Crider, Thiago Spercel, Taissa M. Licatti and Fernando Burman (Capital Markets – São Paulo Office); Jonathan Cantor and Michael J. Cardella (Tax).