The Firm represented XP Investments US, LLC, Bradesco Securities, Inc., BTG Pactual US Capital, LLC, Itau BBA USA Securities, Inc., Banco do Brasil Securities LLC, Santander Investment Securities Inc. and Safra Securities LLC, as placement agents, in connection with the initial public offering of 454,852,740 common shares of Grupo Mateus S.A. (“Grupo Mateus”) on the São Paulo Stock Exchange (“B3”). The offering consisted of a primary offering of 339,147,287 common shares and a secondary offering of 115,705,453 common shares, and raised an aggregate of R$4.1 billion, which makes it the largest IPO on the B3 since 2017.
The common shares were offered 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 Grupo Mateus will trade on the B3 under the ticker symbol “GMAT3.”
Grupo Mateus is one of the largest Brazilian food retail companies, with operations that consist of a network of 137 supermarkets, hypermarkets neighborhood stores and cash-and-carry (atacarejo) stores, and is present in 49 cities in the Northeast region of Brazil.
The Simpson Thacher team included Grenfel S. Calheiros, Marcelo B. Lorenzen and Luana Torres (Capital Markets); and Drew Purcell and Eli Shalam (Tax).