Vasta’s $353 Million Initial Public Offering

Davis Polk, Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga advised Vasta Platform Limited, while Simpson Thacher and Pinheiro Neto represented the underwriters in the offering.

Vasta Platform Limited (“Vasta”) executed the offering of Class A common shares at a price to the public of US$19.00 per share, raising approximately US$353 million in gross proceeds. Vasta’s Class A common shares are listed on the Nasdaq Global Select Market under the ticker symbol “VSTA.”

Goldman Sachs & Co. LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC and Itau BBA USA Securities, Inc. acted as Global Coordinators in this offering, and Goldman Sachs & Co. LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC, Itau BBA USA Securities, Inc., UBS Investment Bank and Banco Bradesco BBI S.A. acted as Joint Bookrunners of this Offering.

Vasta is a leading, high-growth education company in Brazil powered by technology, providing end-to-end educational and digital solutions that cater to all needs of private schools operating in the K-12 educational segment, with a business-to-business network consisting of 3,400 partner schools serving over 1.3 million students in Brazil.

The Simpson Thacher team advising the underwriters was led by Grenfel S. Calheiros (Picture) and included Paulo F. Cardoso and Siddharth Fresa (Capital Markets); Jennie Getsin (FINRA and Blue Sky); and Jonathan Cantor, Caroline W. Phillips and Suzy Yaster (Tax).

In Brazil, Pinheiro Neto Advogados advised the underwriters with Guilherme Sampaio Monteiro, Julia Barbosa Campos and Nina Goldman Cavalcanti.

The Davis Polk capital markets team advising Vasta included Manuel Garciadiaz and Drew Glover. The tax team included Ethan R. Goldman, M. Jared Sanders, Daniel L. Jose and Bree Gong. Adam Kaminsky and Kerri Thompson provided executive compensation advice. Sijia Cai provided 1940 Act advice.

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados advised Vasta with Vanessa Fiusa, Luciana Pietro Lorenzo, Luiz Felipe Centeno Ferraz, Bruno Mastriani Simões Tuca,  Flavia Magliozzi, Guilherme Martins Bouzan, José Francisco Rodrigues Gontijo, Lays Simão Pedro, João Fernando Guimarães Paiva, Rafael Villela Nogueira, Gabriela Castro Rabelo, Tomas Machado de Oliveira, Raphael Saraiva and  Livia Helena Schiavone Crestana.

Involved fees earner: Sijia Cai – Davis Polk & Wardwell; Manuel Garciadiaz – Davis Polk & Wardwell; Drew Glover – Davis Polk & Wardwell; Ethan Goldman – Davis Polk & Wardwell; Bree Gong – Davis Polk & Wardwell; Daniel Jose – Davis Polk & Wardwell; Adam Kaminsky – Davis Polk & Wardwell; Jared Sanders – Davis Polk & Wardwell; Kerri Thompson – Davis Polk & Wardwell; Gabriela Castro Rabelo – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Luiz Felipe Centeno Ferraz – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Vanessa Fiusa – Mattos Filho Veiga Filho Marrey Jr & Quiroga; João Fernando Guimarães Paiva – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Tomás Machado de Oliveira – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Flávia Magliozzi – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Guilherme Martins Bouzan – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Bruno Mastriani Simões Tuca – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Lays Simão Pedro – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Luciana Pietro Lorenzo – Mattos Filho Veiga Filho Marrey Jr & Quiroga; José Francisco Rodrigues Gontijo – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Raphael Saraiva – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Livia Helena Schiavone Crestana – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Rafael Villela Nogueira – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Julia Barbosa Campos – Pinheiro Neto; Guilherme Sampaio Monteiro – Pinheiro Neto; Grenfel Calheiros – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Paulo Fernando de Menezes Cardoso – Simpson Thacher & Bartlett; Siddharth Fresa – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Caroline Phillips – Simpson Thacher & Bartlett; Susan Yaster – Simpson Thacher & Bartlett;

Law Firms: Davis Polk & Wardwell; Mattos Filho Veiga Filho Marrey Jr & Quiroga; Pinheiro Neto; Simpson Thacher & Bartlett;

Clients: Banco Bradesco SA; Bank of America Securities; Goldman Sachs & Co.; Itaú BBA USA Securities; Morgan Stanley; UBS Investment Bank; Vasta Platform;

Author: Ambrogio Visconti.