Atento S.A.’s $127.3 Million Secondary Offering


Kirkland & Ellis, Souza, Cescon, Barrieu & Flesch Advogados, NautaDutilh, Arendt & Medernach, Davis Polk & Wardwell and Lefosse advised on the transaction

Atento S.A. (NYSE: ATTO), the largest provider of customer relationship management and business process outsourcing solutions (CRM BPO) in Latin America and among the top five providers worldwide, announced today the closing of the previously announced underwritten secondary offering by an affiliate of Bain Capital Private Equity, L.P. (the “Selling Shareholder”) of 12,095,082 ordinary shares of the Company at the public offering pricing of $9.00 per share (the “Offering”). The Selling Shareholder also granted the underwriters a 30-day option to purchase up to an additional 1,844,262 ordinary shares (the “Over-Allotment Option”). The underwriters exercised the Over-Allotment Option in full, which closed concurrently with the Offering. The Company will not receive any of the proceeds from the shares sold in the Offering.

Atento is the largest provider of customer relationship management and business process outsourcing (CRM BPO) services in Latin America, and among the top five providers globally, based on revenues. Atento is also a leading provider of nearshoring CRM/BPO services to companies that carry out their activities in the United States. Since 1999, Atento has developed its business model in 13 countries where it employs 150,000 people.

Morgan Stanley, Credit Suisse and Itaú BBA are acting as global coordinators for the Offering.

Kirkland & Ellis advised Atento S.A. with Joshua Korff, Brian Hecht, Peter Seligson and Marishka DeToy.

In Brazil, Souza, Cescon, Barrieu & Flesch advised Atento S.A. with Ronald Herscovici and Daniel Laudisio.

In Luxemburg, NautaDutilh advised Atento S.A. with Thibaud Muller.

Arendt & Medernach advised Atento S.A. with Sébastien Binard, Adrien Pastorelli and Marine Krief.

Davis Polk & Wardwell advised Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC and Itau BBA USA Securities with Manuel Garciadiaz (Picture), Kathleen L. Ferrell, Marcie A. Goldstein, Rebecca L. Roman and Lourenço Lopes-Sabino.

Lefosse advised Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC and Itau BBA USA Securities with Rodrigo Junqueira, Ricardo Prado, Rafael Erlinger, Alicia Alves and Leticia Angel.

Involved fees earner: Ronald Herscovici – Souza, Cescon, Barrieu e Flesch; Daniel Laudisio – Souza, Cescon, Barrieu e Flesch; Rodrigo Azevedo Junqueira – Lefosse; Ricardo Prado – Lefosse; Rafael Erlinger – Lefosse; Alicia Alves – Lefosse; Sébastien Binard – Arendt & Medernach; Adrien Pastorelli – Arendt & Medernach; Thibaud Muller – NautaDutilh; Manuel Garciadiaz – Davis Polk & Wardwell; Rebecca Roman – Davis Polk & Wardwell; Lourenço Lopes-Sabino – Davis Polk & Wardwell; Kathleen Ferrell – Davis Polk & Wardwell; Marcie Goldstein – Davis Polk & Wardwell; Joshua Korff – Kirkland & Ellis; Brian Hecht – Kirkland & Ellis; Peter Seligson – Kirkland & Ellis;

Law Firms: Souza, Cescon, Barrieu e Flesch; Lefosse; Arendt & Medernach; NautaDutilh; Davis Polk & Wardwell; Kirkland & Ellis;

Clients: Morgan Stanley; Credit Suisse Securities Limited; Itaú BBA USA Securities; Atento S.A. ;

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Author: Ambrogio Visconti