Arco Platform Limited’s $223.6 Million Initial Public Offering


Davis Polk & Wardwell, Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga, Maples and Calder and White & Case advised on the transaction

Arco Platform Limited (Nasdaq:ARCE) priced its initial public offering of 11,111,111 Class A common shares at a public offering price of US$17.50. Arco has also granted the underwriters a 30-day option to purchase up to 1,666,666 additional Class A common shares at the initial public offering price less underwriting discounts and commissions.

The Class A common shares are expected to begin trading on the Nasdaq Global Select Market on September 26, 2018 under the symbol “ARCE.” The offering is expected to close on or about September 28, 2018, subject to customary closing conditions.

Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Itau BBA USA Securities, Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated are acting as Global Coordinators and as representatives of the underwriters in this initial public offering and Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Itau BBA USA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Allen & Company LLC, Banco BTG Pactual S.A.-Cayman Branch and UBS Securities LLC are collectively acting as underwriters in this initial public offering.

Arco’s mission is to transform the way students learn by delivering high-quality education at scale through technology to private primary and secondary schools. It provides educational content in printed and digital formats through its platform.

Davis Polk advised Arco Platform with Manuel Garciadiaz, Konstantinos Papadopoulos, Elliot M. de Carvalho, Richard Corbett and Amy L. Larsen. The tax team included Mario J. Verdolini. Jeanine P. McGuinness provided sanctions advice. Sijia Cai provided 1940 Act advice.

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga advised Arco Platform Limited with Vanessa Fiusa, Jean Marcel Arakawa, Rodrigo Figueiredo Nascimento, Felipe Rezende Kachan, Mariana Cano Assef, Guilherme Martins Bouzan and Izadora de Souza Moreira.

Maples and Calder advised Arco Platform Limited with Kieran Walsh, Finn O’Hegarty, Kerry Ann Phillips and Maximilian Chung.

White & Case advised the underwriters with a team including John Guzmán and Donald Baker.

Involved fees earner: Rodrigo Figueiredo Nascimento – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Jean Marcel Arakawa – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Felipe Rezende Kachan – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Vanessa Fiusa – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Mariana Cano Assef – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Guilherme Martins Bouzan – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Izadora de Souza Moreira – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Kieran Walsh – Maples and Calder LLP; Finn O’Hegarty – Maples and Calder LLP; Kerry Ann Phillips – Maples and Calder LLP; Maximilian Chung – Maples and Calder LLP; Manuel Garciadiaz – Davis Polk & Wardwell; Konstantinos Papadopoulos – Davis Polk & Wardwell; Elliot de Carvalho – Davis Polk & Wardwell; Richard Corbett – Davis Polk & Wardwell; Amy Larsen – Davis Polk & Wardwell; Mario Verdolini – Davis Polk & Wardwell; Jeanine McGuinness – Davis Polk & Wardwell; Sijia Cai – Davis Polk & Wardwell; John Guzman – White & Case; Donald Baker – White & Case;

Law Firms: Mattos Filho Veiga Filho Marrey Jr & Quiroga; Maples and Calder LLP; Davis Polk & Wardwell; White & Case;

Clients: Bank of America Merrill Lynch; BTG Pactual; Goldman, Sachs & Co.; Morgan Stanley; UBS Investment Bank; Banco Itau BBA; Allen & Company LLC; Arco Platform Ltd;