Locaweb’s $511 Million Follow-on Equity Offering

Mayer Brown and Tauil & Chequer (Mayer Brown) advised Locaweb on the transaction Paul Hastings and Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados advised taú BBA, Goldman Sachs, Morgan Stanley, XP Investimentos and BTG Pactual as international placement agents on the deal.Locaweb announced a $511 million follow-on equity offering. The company will use the proceeds from the primary offering to finance potential acquisitions in the technology sector.

Locaweb’s business lines include web hosting, domain registration and SaaS solutions for email, productivity, e-commerce, electronic payments and digital marketing. The company, which has more than 400,000 customers throughout Latin America, completed its $308 million IPO on the São Paulo Stock Exchange (B3) in February 2020.

Mayer Brown advised Locaweb Serviços de Internet S.A.  with David S. Bakst, Juan Pablo Moreno, Milena Muradian and Julien Apollon.

In Brazil, Tauil & Chequer (Mayer Brown) advised Locaweb Serviços de Internet S.A. with Carlos Motta, Rodolfo Constantino de Tella, Daniella Raigorodsky Monteiro, Thiago Coimbra, Natália Carvalho Minotto, Luciano Salgado Campos Neto and Laura Franco.

São Paulo partner David Flechner (Picture) led the Paul Hastings team, which also included associates Diana Balassiano and Lorenzo Colombi-Manzi, with support from partner David Makso and associate Rob Wilson from New York.

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga advised Jean Marcel Arakawa, Ralff Barilli, Luis Bernardes Kussarev Al-Contar, Beatriz Martins Camões and Luiza Motta Rodrigues.

Involved fees earner: Jean Marcel Arakawa – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Ralff Barilli – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Luis Eduardo Bernardes Kussarev Al-Contar – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Julien Apollon – Mayer Brown; David Bakst – Mayer Brown; Luciano Campos – Mayer Brown; Thiago Coimbra – Mayer Brown; Rodolfo Constantino de Tella – Mayer Brown; Juan Pablo Moreno – Mayer Brown; Carlos Motta – Mayer Brown; Milena Muradian – Mayer Brown; Daniella Raigorodsky Monteiro – Mayer Brown; Lorenzo Colombi-Manzi – Paul Hastings; David Flechner – Paul Hastings; David Makso – Paul Hastings; Rob Wilson – Paul Hastings;

Law Firms: Mattos Filho Veiga Filho Marrey Jr & Quiroga; Mayer Brown; Paul Hastings;

Clients: BTG Pactual; Goldman Sachs & Co.; Itaú BBA USA Securities; Locaweb Serviços de Internet S.A.; Morgan Stanley; XP Investimentos SA;

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