Rumo S.A.’s $829.3 Million Stock Offering


Lefosse, Davis Polk & Wardwell, Pinheiro Neto and Skadden advised on the transaction

Rumo finalized the offering of 220,000,000 common shares for an aggregate amount of R$2.6 billion (approximately $780 million). The common shares trade on the São Paulo Stock Exchange. Common shares sold in the international offering were placed under Rule 144A and Regulation S.

Banco Bradesco BBI S.A., Morgan Stanley, Banco Santander (Brasil) S.A., BB-Banco de Investimento S.A., Banco Itaú BBA S.A., Banco BTG Pactual S.A., Credit Suisse (Brasil) S.A. and Goldman Sachs acted as underwriters.

Based in Brazil, Rumo is the largest intermodal logistics operator in Latin America, focusing on rail transportation, warehousing, operation of terminals and other logistics services.

The Davis Polk advised Rumo SA with a team including Manuel Garciadiaz (Picture), Lourenço Lopes-Sabino and Adela Troconis. Kathleen L. Ferrell, Dao Fu and Yixuan Long provided tax advice. Sarah E. Kim and Jennifer Lin Ricci provided 1940 Act advice.

In Brazil, Lefosse advised with a team including Carlos Barbosa Mello, Ricardo Prado, Rafael Erlinger, Vicente Gioielli, Sylvie Cadier and Ariane Verrone.

In Brazil, Pinheiro Neto advised the underwriters with Henrique Lang, Guilherme Sampaio Monteiro, Luiz Felipe Fleury Vaz Guimarães, Felipe Morais Assunção and Gabriela Dias Teixeira Zucoloto.

Skadden advised the underwriters with Filipe B. Areno, Jonathan A. Lewis, Caroline Frizzo and Darius J. Banani.

Involved fees earner: Carlos Barbosa Mello – Lefosse; Ricardo Prado – Lefosse; Rafael Erlinger – Lefosse; Vicente Gioielli – Lefosse; Sylvie Cadier – Lefosse; Henrique Lang – Pinheiro Neto; Guilherme Sampaio Monteiro – Pinheiro Neto; Luiz Felipe Fleury Vaz Guimaraes – Pinheiro Neto; Manuel Garciadiaz – Davis Polk & Wardwell; Lourenço Lopes-Sabino – Davis Polk & Wardwell; Adela Troconis – Davis Polk & Wardwell; Kathleen Ferrell – Davis Polk & Wardwell; Dao Fu – Davis Polk & Wardwell; Yixuan Long – Davis Polk & Wardwell; Sarah Kim – Davis Polk & Wardwell; Jennifer Lin Ricci – Davis Polk & Wardwell; Filipe Areno – Skadden Arps Slate Meager & Flom; Jonathan Lewis – Skadden Arps Slate Meager & Flom; Caroline Frizzo – Skadden Arps Slate Meager & Flom; Darius Banani – Skadden Arps Slate Meager & Flom;

Law Firms: Lefosse; Pinheiro Neto; Davis Polk & Wardwell; Skadden Arps Slate Meager & Flom;

Clients: BTG Pactual; Credit Suisse; Goldman, Sachs & Co.; Morgan Stanley; Banco Bradesco BBI S.A.; Banco Itau BBA; Banco Santander Brazil; BB Banco de Investimentos S.A; Rumo Logística Operadora Multimodal S.A. ;

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Author: Ambrogio Visconti.