Brazilian credit card company Visanet’s IPO last week raised $4.3 billion, making it the largest ever IPO on the country’s capital markets.
The offering, made on Thursday, is also the largest IPO anywhere in the world so far this year.
The IPO broke the US$4.1 billion-dollar record set by Eike Bastista’s gas and oil company OGX with its initial offering on Bovespa last year.
Visanet retained Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados and Shearman & Sterling LLP to represent it in the offering, while Machado, Meyer, Sendacz e Opice Advogados and Cleary Gottlieb Steen & Hamilton LLP represented the underwriting banks: Banco Bradesco as lead coordinator, and BB Investimentos, Banco Santander and JP Morgan Chase as joint bookrunners.
Shares in Visanet will begin trading on Brazil’s stock exchange Bovespa today.
Counsel to Visanet
In-house counsel - legal director Carlos Pompermaier, corporate law manager Vitor Crivorncica Jr, legal vice president of Visa Flavia Worthsman Zametto and legal counsel to Visa Thomas M'Guiness
Brazil
· Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados
Partners Carlos Barbosa Mello and Jean Marcel Arakawa and associate Ivan Iais
International
· Shearman & Sterling LLP
Partners Andrew Janszky and Robert Ellison and associates Fabiana Sakai, Ana Absy and Luciana Fraga
Counsel to the banks
Brazil
· Machado, Meyer, Sendacz e Opice Advogados
Partner Flavio Roberto Penteado Meyer and associates Bruna Passos Piagentini and Andre Thiollier
US
· Cleary Gottlieb Steen & Hamilton LLP
Partner Nicholas Grabar
DT
(Latin Lawyer 29.06.2009)
(Notícia na Íntegra)
