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Simpson Thacher recently represented Bradesco Securities, Inc., BTG Pactual US Capital LLC, Credit Suisse Securities (USA) LLC, Itau BBA USA Securities Inc. and J.P. Morgan Securities LLC as placement agents in connection with the initial public offering of 44,444,445 common shares of FPC Par Corretora de Seguros S.A. (“Par Corretora”) and listing on the São Paulo Stock Exchange (BM&FBovespa).  The common shares were offered (i) in the United States to qualified institutional buyers under Rule 144A who were also qualified purchasers under the Investment Company Act, and (ii) to non-U.S. persons in reliance on Regulation S.  The transaction raised R$548 million (US$174.3 million) in proceeds, pending exercise of the over-allotment option.

Par Corretora is the exclusive insurance brokerage firm for Caixa Seguradora S.A., one of the insurance companies with the fastest-growing bancassurance operations in Brazil.

The Simpson Thacher team for this transaction included Grenfel S. Calheiros, Thiago Spercel and Jessica Finz (Corporate – São Paulo); and Jon Cantor and Michael Cardella (Tax – New York).