BR Properties’ $288 Million Equity Offering

Cleary Gottlieb Steen & Hamilton, Souza, Cescon, Barrieu & Flesch, Davis Polk and Pinheiro Guimarães advised on the transaction

BR Properties S.A. finalized the offering of common shares for an aggregate amount of R$953 million (approximately US$288 million). The common shares trade on the São Paulo Stock Exchange. Securities in the international offering were placed under Rule 144A and Regulation S.

Banco Itaú BBA S.A., Bank of America Merrill Lynch, Banco Bradesco BBI S.A. and Banco Santander (Brasil) S.A. acted as Initial Purchasers on the offering.

Headquartered in São Paulo, BR Properties is one of the main commercial real estate investment companies in Brazil, focusing on acquiring, leasing, managing, developing and selling commercial properties, including office space, industrial warehouses and retail locations.

Cleary Gottlieb Steen & Hamilton LLP advised BR Properties S.A. with Juan Giráldez (Picture), Paula Seabra Carvalho Reis, Pedro Brandão e Souza and Andrea Lavourinha.

In Brazil, Souza, Cescon, Barrieu & Flesch advised BR Properties S.A. with Daniel Facó, Paula Ganem, Evaristo Lucena and Luísa Mesquita.

Davis Polk advised the joint bookrunners with Manuel Garciadiaz, Konstantinos Papadopoulos and Elliot M. de Carvalho. The tax team included Lucy W. Farr.

In Brazil, Pinheiro Guimarães advised the initial purchasers with Francisco José Pinheiro Guimarães, Ivie Moura Alves, Cristina Tomiyama, Fernanda Luise Salla, Fernando John Friedmann Junior and Luiza Lopes Leite Furtado.

Involved fees earner: Francisco Pinheiro Guimarães – Pinheiro Guimarães; Ivie Moura Alves – Pinheiro Guimarães; Cristina Tomiyama – Pinheiro Guimarães; Daniel de Miranda Facó – Souza, Cescon, Barrieu e Flesch; Paula Bittencourt Senna Ganem – Souza, Cescon, Barrieu e Flesch; Evaristo Dumont De Lucena Pereira – Souza, Cescon, Barrieu e Flesch; Luisa Sisconeto de Mesquita – Souza, Cescon, Barrieu e Flesch; Manuel Garciadiaz – Davis Polk & Wardwell; Konstantinos Papadopoulos – Davis Polk & Wardwell; Elliot de Carvalho – Davis Polk & Wardwell; Lucy Farr – Davis Polk & Wardwell; Juan Giráldez – Cleary Gottlieb Steen & Hamilton; Paula Seabra Carvalho Reis – Cleary Gottlieb Steen & Hamilton; Pedro Brandão e Souza – Cleary Gottlieb Steen & Hamilton; Andrea Lavourinha – Cleary Gottlieb Steen & Hamilton;

Law Firms: Pinheiro Guimarães; Souza, Cescon, Barrieu e Flesch; Davis Polk & Wardwell; Cleary Gottlieb Steen & Hamilton;

Clients: Bank of America Merrill Lynch; Banco Bradesco BBI S.A.; BR Properties; Itau BBA; Banco Santander Brazil;


Author: Ambrogio Visconti.