SoftBank Invests in Banco Inter
10.01.19
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Simpson Thacher represented SoftBank in connection with its investment in Banco Inter (BIDI11:B3), one of the fastest growing online banks in Brazil, with over 2.5 million customers in June 2019. SoftBank invested a combined R$1.4 billion (approximately $342 million) in a primary acquisition over the Brazilian stock exchange and a private secondary sale with certain members of the bank’s controlling group.
The Simpson Thacher team included S. Todd Crider, Grenfel S. Calheiros, Luis R. Pellerano, Luiz Noronha and Siddharth Fresa (M&A).