Totvs’ $36.1 Million Notes Offering


BMA – Barbosa, Müssnich, Aragão and Stocche Forbes advised on the transaction

Totvs SA executed its $36.1 Million offering of Notes due 2021.

Banco Itaú BBA acted as lead manager on the transaction and Banco Santander (Brasil) acted as co-manager.

Totvs SA develops and markets software solutions. The Company, led by Dennis Herszkowicz, Gilsomar Maia Sebastiao and Juliano Tubino, focuses on enterprise resource planning software, customer relationship management software, and supply chain management software and in 2019 recorded $424 million revenues.

BMA – Barbosa, Müssnich, Aragão advised Totvs S.A. with Monique Mavignier (Picture), Conrado Stievani, Alexandre Roscoe Lindenberg and Juliana Azem Turini.

Stocche Forbes advised Banco Itaú BBA S.A. and Banco Santander (Brasil) S.A. with Frederico Cursino de Moura, Yves Dutra and Maria Julia Person Argollo.

Involved fees earner: Juliana Azem Turini – Barbosa, Müssnich & Aragào; Monique Mavignier – Barbosa, Müssnich & Aragào; Alexandre Roscoe Lindenberg – Barbosa, Müssnich & Aragào; Conrado Stievani – Barbosa, Müssnich & Aragào; Frederico Cursino de Moura – Stocche Forbes Advogados; Yves Dutra – Stocche Forbes Advogados; Maria Julia Person Argollo – Stocche Forbes Advogados;

Law Firms: Barbosa, Müssnich & Aragào; Stocche Forbes Advogados;

Clients: Banco Itau BBA; Banco Santander Brazil; Totvs S.A.;

Author: Ambrogio Visconti.