Simpson Thacher Represents Placement Agents in US$225 Million Follow-On Offering by EZTEC
10.03.19
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The Firm represented BTG Pactual US Capital, LLC and Itau BBA USA Securities, Inc. as placement agents in connection with a follow-on offering of 27,000,000 common shares by EZ TEC Empreendimentos e Participações S.A. (“EZTEC”) in an aggregate amount of R$938.6 million (approximately US$225 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 EZTEC are traded on the B3 under the ticker symbol “EZTC3.”
EZTEC is one of the largest real estate developers and construction companies in the metropolitan area of São Paulo, with more than 40 years of experience in the residential and commercial segments in Brazil.
The Simpson Thacher team was led by Grenfel S. Calheiros and included Luiz Noronha and Luana Torres (Capital Markets); and Jonathan Cantor and Tyler S. Robbins (Tax).