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Grenfel Calheiros Quoted in Legal Week on Investor Interest in Brazil
11.04.19
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Partner Grenfel Calheiros was quoted in a Legal Week article titled, “Simpson Thacher Represents Brazilian Retailer in $408M IPO,” which highlighted the Firm’s representation of C&A Modas in its recent IPO, and discussed the rise of investor activity in Brazil. Grenfel noted that there were many factors leading to the resurgence of Brazilian equity offerings, including record-low interest rates and macroeconomic reforms. “The recent recession and related market volatility we had seen in Brazil led to pent-up demand on both the issuer and investor side, which is being fed by a new crop of Brazilian unicorns and seasoned companies re-tapping the market. For once, supply and demand seem to be aligned and, as a result, we are seeing more offerings and expect this trend to continue in the foreseeable future,” he said.
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