PetroRecôncavo’s R$1,032.5 Million Initial Public Offering

Skadden, Arps, Slate, Meagher & Flom LLP and BMA – Barbosa, Müssnich, Aragão represented PetroRecôncavo S.A. in the transaction. Hogan Lovells and acted as international counsel to the placement agents. Tauil & Chequer Advogados (Mayer Brown LLP) advised the placement agents in Brazil.

PetroRecôncavo S.A. executed its R$1,032.5 million (US$190.9 million) (excluding the underwriters’ over-allotment option) primary initial public offering, comprising the sale of 70 million common shares.

PetroRecôncavo is a leading independent oil and gas producer in Brazil, specialized in the operation, development and revitalization of mature fields in onshore oil and gas basins.

The placement agents were Morgan Stanley, Goldman Sachs, Itau BBA and Safra Securities.

The Skadden team advising PetroRecôncavo was led by São Paulo Corporate partner Filipe Areno (Picture), counsel Lauren Bennett, associate Carlo von Hanstein, and local associate Vitor Horta, and also included New York Tax partner Victor Hollender and associate Joshua Lin.

In Brazil, BMA – Barbosa, Müssnich, Aragão advised the company with Jane Goldman Nusbaum, Fábio Henrique Peres, Rodrigo de Teive E Argollo Mariani, Gustavo Quiterio, Júlia Rodrigues Costa de Serpa Brandão. Abogados Ana Paula Reis, Wilson Gonçalves and Artur Boaretto.

São Paulo Office Managing Partner Isabel Costa Carvalho led the Hogan Lovells team, with support from New York partner Sina Hekmat, and New York/ São Paulo counsel David Contreiras Tyler. They were assisted by São Paulo associates Arthur Amaral, Ana Laura Pongeluppi and Paula Pagani.

Tauil & Chequer (Mayer Brown) advised the placement agents with Rodolfo Constantino de Tella, Carlos Motta, Natália Carvalho Minotto and Nicholas Ciglioni.

Involved fees earner: Artur Boaretto – Barbosa, Müssnich & Aragào; Rodrigo de Teive e Argollo Mariani – Barbosa, Müssnich & Aragào; Jane Goldman Nusbaum – Barbosa, Müssnich & Aragào; Gustavo Lourenço Quiterio – Barbosa, Müssnich & Aragào; Fábio Henrique Peres – Barbosa, Müssnich & Aragào; Ana Paula Reis – Barbosa, Müssnich & Aragào; Júlia Rodrigues – Barbosa, Müssnich & Aragào; Arthur Amaral – Hogan Lovells; David Contreiras Tyler – Hogan Lovells; Isabel Costa Carvalho – Hogan Lovells; Sina Hekmat – Hogan Lovells; Paula Pagani – Hogan Lovells; Ana Laura Pongeluppi – Hogan Lovells; Rodolfo Constantino de Tella – Mayer Brown; Carlos Motta – Mayer Brown; Filipe Areno – Skadden Arps Slate Meager & Flom; Lauren Bennett – Skadden Arps Slate Meager & Flom; Victor Hollender – Skadden Arps Slate Meager & Flom; Vitor Horta – Skadden Arps Slate Meager & Flom; Joshua Lin – Skadden Arps Slate Meager & Flom; Carlo von Hanstein – Skadden Arps Slate Meager & Flom;

Law Firms: Barbosa, Müssnich & Aragào; Hogan Lovells; Mayer Brown; Skadden Arps Slate Meager & Flom;

Clients: Goldman Sachs; Itaú BBA USA Securities; Morgan Stanley; PetroRecôncavo S.A.; Safra Securities;

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