Simpson Thacher represented BTG Pactual US Capital, LLC, Bradesco Securities, Inc., Itau BBA USA Securities Inc., Santander Investment Securities Inc. and UBS Securities LLC as placement agents in connection with the follow-on offering by Banco BTG Pactual S.A. (“BTG Pactual”) of 24,402,000 units (the “Units”), consisting of 24,402,000 common shares and 48,804,000 class A preferred shares. The Units were issued in reliance on Rule 144A and Regulation S. The net proceeds from the offering totaled R$2.9 billion.
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 included Grenfel S. Calheiros, Luiz Noronha and Raissa Fini (Capital Markets – São Paulo); and Jonathan E. Cantor and Kris Liu (Tax – New York).