2023年6月28日
Tauil & Chequer Advogados in Brazil advises CVC Corp follow-on worth R$ 550 million
Tauil & Chequer Advogados in association with Mayer Brown, in a cross-border transaction involving the support of Mayer Brown in New York, advised tourism company CVC Corp on the public offering (follow-on) of primary distribution of shares, with the issuance of subscription warrants, pursuant to CVM Resolution 160, and placement efforts abroad (Rule 144-A/Reg S), in the amount of R$ 550 million.
In the context of the transaction, the firm assisted CVC Corp in the negotiation and execution of an Investment Agreement and Other Covenants with GJP Fundo de Investimento em Ações (GJP FIA), owned by the founder and former controller of the company, which aimed to establish a commitment for the subscription and payment of shares issued by the company if the offering went ahead. In addition, a voting agreement was negotiated between GJP FIA and Opportunity Funds with the firm's assistance. With the implementation of the follow on, GJP FIA subscribed to the equivalent of R$100 million in common shares issued by CVC Corp.
Our team was led by partners Daniella Raigorodsky Monteiro and Rodolfo Tella, and included the participation of associates from the Capital Markets, Corporate, and Corporate Governance practices Natália Minotto, Stephanie Carmo, Isabella Toledo, and Thiago Coimbra, in addition to associates from other areas of the firm who assisted in the due diligence process.
As for Mayer Brown in New York, David Bakst led the team with the participation of associate Ana Estrada. In Argentina, legal matters were conducted by law firm Pérez Alati, Grondona, Benites & Arntsen.
In the context of the transaction, the firm assisted CVC Corp in the negotiation and execution of an Investment Agreement and Other Covenants with GJP Fundo de Investimento em Ações (GJP FIA), owned by the founder and former controller of the company, which aimed to establish a commitment for the subscription and payment of shares issued by the company if the offering went ahead. In addition, a voting agreement was negotiated between GJP FIA and Opportunity Funds with the firm's assistance. With the implementation of the follow on, GJP FIA subscribed to the equivalent of R$100 million in common shares issued by CVC Corp.
Our team was led by partners Daniella Raigorodsky Monteiro and Rodolfo Tella, and included the participation of associates from the Capital Markets, Corporate, and Corporate Governance practices Natália Minotto, Stephanie Carmo, Isabella Toledo, and Thiago Coimbra, in addition to associates from other areas of the firm who assisted in the due diligence process.
As for Mayer Brown in New York, David Bakst led the team with the participation of associate Ana Estrada. In Argentina, legal matters were conducted by law firm Pérez Alati, Grondona, Benites & Arntsen.
