Notre Dame Intermédica’s $695 Million Equity Offering

Davis Polk & Wardwell, Lefosse, White & Case and Pinheiro Neto advised on the transaction

Notre Dame Intermédica Participações S.A. executed its equity offering by Notre Dame Intermédica and by Bain Capital, the controlling shareholder of Notre Dame Intermédica, of 104,400,000 common shares of Notre Dame Intermédica for an aggregate amount of R$2.7 billion (approximately $695 million). The common shares trade on the São Paulo Stock Exchange. Common shares sold in the international offering were placed under Rule 144A and Regulation S.

Morgan Stanley S.A., Credit Suisse (Brasil) S.A., Banco Itaú BBA S.A., J. P. Morgan, Banco Bradesco BBI S.A., UBS Brasil and Citigroup Global Markets acted as placing agents on the offering.

Headquartered in São Paulo, Brazil, Notre Dame Intermédica is a health care services company in Brazil, focused on selling employer-sponsored health and dental plans and delivering high-quality and cost-effective services, primarily to the Brazilian middle class.

The Davis Polk advised Notre Dame Intermédica Participações with a team including Manuel Garciadiaz, Lourenco Lopes-Sabino and Richard Corbett. Alon Gurfinkel and Omer Harel provided tax advice. Huiyu Yin provided Investment Act advice.

White & Case advised the placing agents with a team including John Guzmán (Picture), John Vetterli, Abraham Paul and Mariana Seixas.

In Brazil, Pinheiro Neto advised the banks with Fernando Zorzo, Guilherme Sampaio Monteiro, Thais Lorenzi Ambrosano, Gustavo Ferrari Chauffaille, Felipe Morais Assunção, Vittoria Cervantes de Simoni, Winnie Tya Tchi Li, Ana Clara Mattiello Sverzut and Raquel Aguiar Duzze Domingos.

Involved fees earner: Richard Corbett – Davis Polk & Wardwell; Manuel Garciadiaz – Davis Polk & Wardwell; Alon Gurfinkel – Davis Polk & Wardwell; Omer Harel – Davis Polk & Wardwell; Lourenço Lopes-Sabino – Davis Polk & Wardwell; Huiyu Yin – Davis Polk & Wardwell; Sylvie Cadier – Lefosse; Luiz Octavio Lopes – Lefosse; Douglas Ogata – Lefosse; Gustavo Ferrari Chauffaille – Pinheiro Neto; Thais Lorenzi Ambrosano – Pinheiro Neto; Felipe Morais Assunção – Pinheiro Neto; Guilherme Sampaio Monteiro – Pinheiro Neto; Fernando Zorzo – Pinheiro Neto; John Guzman – White & Case; Abraham Paul – White & Case; Mariana Seixas – White & Case; John Vetterli – White & Case;

Law Firms: Davis Polk & Wardwell; Lefosse; Pinheiro Neto; White & Case;

Clients: Banco Bradesco BBI S.A.; Banco Itau BBA; Citigroup Global Markets Ltd; Credit Suisse Brasil S.A.; JP Morgan; Morgan Stanley; Notre Dame Intermedica Participacoes S.A. ; UBS;