Simpson Thacher Represents Placement Agents in US$265 Million Follow-On Offering by Totvs
06.03.19
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The Firm represented BTG Pactual US Capital, LLC, Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC, as placement agents, in connection with a follow-on offering of 27,000,000 common shares by Totvs S.A. (“Totvs”) in an aggregate amount of R$1.1 billion (approximately US$265 million). The common shares were offered to certain institutional investors 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 shares of Totvs are traded on the B3 under the ticker symbol “TOTS3.”
Totvs is a leading company in integrated enterprise resource planning (ERP) software in Brazil and one of the three largest companies in this market in Latin America. Totvs operates primarily in Brazil but is present in 41 countries.
The Simpson Thacher team was led by Grenfel S. Calheiros and included Marcelo B. Lorenzen and Daniel A. Malatesta (Capital Markets); and Jonathan Cantor and Edward Grais (Tax).