Simpson Thacher Represents Placement Agents in R$2.55 Billion Follow-On Offering by Cogna Educação
02.18.20
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The Firm represented Itau BBA USA Securities Inc., BTG Pactual US Capital, LLC, Morgan Stanley & Co. LLC, Bradesco Securities Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Santander Investment Securities Inc., as placement agents, in connection with a R$2.55 billion follow-on offering of 232,358,004 common shares in aggregate sold by Cogna Educação S.A. (“Cogna”). 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 Cogna are traded on the São Paulo Stock Exchange (B3) under the ticker symbol “COGN3.”
Cogna is the largest private educational company in Brazil serving over two million students in K-12 through post-secondary education.
The Simpson Thacher team was led by Grenfel S. Calheiros and included Paulo F. Cardoso, Siddharth Fresa and Victor Clementino (Capital Markets); and Jonathan Cantor and Edward Grais (Tax).