Simpson Thacher Represents Selling Shareholder in R$486.9 Million Initial Public Offering of Orizon Valorização de Resíduos S.A. on the São Paulo Stock Exchange (B3)
02.22.21
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Simpson Thacher represented Fundo de Liquidação Financeira Fundo de Investimento em Direitos Creditórios – Não Padronizado (which has Jive Asset Gestão de Recursos Ltda. as its asset manager), as one of the selling shareholders, in connection with the initial public offering of 22,130,219 common shares of Orizon Valorização de Resíduos S.A. (“Orizon”) on the São Paulo Stock Exchange (“B3”), raising R$486.9 million in gross proceeds.
The common shares were offered to the public in Brazil, qualified institutional buyers in the United States under Rule 144A and to non-U.S. persons in reliance on Regulation S. Orizon’s common shares will trade on the B3 under the ticker symbol “ORVR3.”
Orizon is a Brazilian waste management company with operations focused on the final phase of the waste treatment process.
The Simpson Thacher team was led by Grenfel S. Calheiros and Paulo F. Cardoso (Capital Markets).