The Firm is representing an affiliate of Blackstone Real Estate Partners VII (Blackstone) in connection with the announced acquisition, along with its Brazilian partner Pátria Investimentos, of 70% of the share capital of Alphaville Urbanismo S.A. (“Alphaville”) from Gafisa S.A. (“Gafisa”) for approximately R$1.4 billion (approximately US$665 million), valuing Alphaville at an equity value of approximately R$2 billion. The remaining 30% of the share capital of Alphaville will remain with Gafisa. The transaction is expected to close in the second half of 2013 and is subject to customary closing conditions, including the approval by Brazilian antitrust authorities.
Alphaville is the leading residential community developer in Brazil.
The Simpson Thacher team includes Grenfel S. Calheiros, Thiago Spercel and Caetano A. Cunha (Corporate – São Paulo); Gregory Ressa and Nytia Kumar (Real Estate); Steven Homan, Shannon O’Sullivan, Todd Menszac and Fan Wei (Funds); John Hart and Seojung Park (Tax); and Ellen Frye (Antitrust).
