Simpson Thacher recently represented Banco Itau BBA, BTG Pactual, Bank of America Merrill Lynch, Banco Votorantim and BB Investimentos, in connection with the initial public offering by Companhia de Locação das Américas (Locamerica), a Brazilian car-rental company focused on vehicle fleet outsourcing for corporate clients.  The offering of 30,331,062 shares raised approximately R$273 million (US$145 million).  Locamerica will be listed on the BM&FBovespa under the ticker symbol “LCAM3”. The offering is the first Brazilian IPO since Abril Educação’s IPO in July-2011, where the Firm also represented the underwriters.

Participating in one of the largest public equity deals in Latin America this year, Milbank, Tweed, Hadley & McCloy represented the underwriters in a $725 million (1.35 billion reais) equity offering by Brazil’s Fibria Celulose SA.

Davis Polk advised Credit Suisse Securities (USA) LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Bradesco Securities, Inc. and Goldman, Sachs & Co. as joint bookrunners on the Rule 144A/Regulation S secondary offering of shares of Qualicorp S.A. The selling shareholders sold an aggregate of 45,972,391 common shares for a total of approximately $410 million.

The Firm recently represented the Republic of Peru in connection with its re-opening in simultaneous transactions of two series of sovereign bonds. The first re-opening totaling US$500 million related to the Republic’s SEC-registered 5.625% dollar-denominated global bonds due 2050 issued in 2010 in an aggregate principal amount of US$1 billion. Citibank and Deutsche Bank were underwriters for the transaction.