Simpson Thacher represented BTG Pactual US Capital, LLC, Bradesco Securities, Inc., Itau BBA USA Securities Inc., Morgan Stanley & Co. LLC and Santander Investment Securities Inc. as placement agents in connection with the follow-on offering by Banco BTG Pactual S.A. (“BTG Pactual”) of 27,777,778 units (the “Units”), consisting of 27,777,778 common shares and 55,555,556 class A preferred shares. The Units were issued in reliance on Rule 144A and Regulation S. The net proceeds from the offering totaled R$2,494.2 million.
BTG Pactual is a financial institution with origin and headquarters in Brazil, acting in the main Latin American markets. BTG Pactual intends to use the proceeds from the offering for general corporate purposes and to accelerate strategic initiatives and growth of its digital platform.
The Simpson Thacher team for the transaction included Grenfel S. Calheiros, Luiz Noronha and Raissa Fini (Capital Markets – São Paulo); and Jonathan E. Cantor and Kris Liu (Tax – New York).