Focus Energia Completes Initial Public Offering on the São Paulo Stock Exchange (B3)
02.18.21
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The Firm represented Focus Energia Holding Participações S.A. (“Focus Energia”) in connection with the initial public offering of Focus Energia on the São Paulo Stock Exchange (B3) at a public offering price of R$18.02 per common share. The offering raised R$772.6 million in gross proceeds (excluding the underwriters’ over-allotment option).
The common shares were offered to certain qualified institutional buyers under Rule 144A in the United States and to non-U.S. persons outside the United States in reliance upon Regulation S. Focus Energia’s common shares began trading on the B3 under the ticker symbol “POWE3” on February 9, 2021.
Focus Energia is an integrated business platform for the electricity sector in Brazil with a focus on three business segments: (i) energy commercialization, (ii) energy-related services for generation companies and free market consumers, and (iii) energy generation.
The Simpson Thacher team included S. Todd Crider, Grenfel S. Calheiros, Marcelo B. Lorenzen and Alexandre Portnoi (Capital Markets); and Jonathan Cantor and Suzy Yaster (Tax).