October 15, 2020

Milbank Advises on Major Brazil IPOs: Grupo Mateus, Petz, Grupo Soma, JSL & Others, Among IPO Boom


Milbank LLP has advised on the initial public offerings (“IPOs”) of Grupo Mateus, Petz, Grupo Soma, Pague Menos, Sequoia, JSL, Aura Minerals and other companies in Brazil, contributing to the most IPOs Brazil has seen since 2007.

Milbank advised:

Tobias Stirnberg said: “Our involvement in many of Brazil’s IPOs this year reflects Milbank’s prominence as a go-to adviser for leading Brazilian businesses and global financial institutions in handling the most important capital markets deals originating in the country. The above IPOs have performed well after closing, which we believe is a signal of the quality of the companies that we advise.”

Fabiana Sakai added: “The IPO boom in Brazil is indicative of opportunities in various sectors of the economy, especially for capital markets transactions. Low interest rates globally and the lowest rates ever in Brazil have contributed to an increase in equity capital markets deals with investors seeking higher returns and becoming less risk averse, creating an interesting dynamic for deal flow in the region.”

Milbank’s São Paulo office is led by a highly experienced team of attorneys who have advised clients for more than 15 years on some of the largest and most innovative capital markets, project finance, mergers and acquisitions and financial restructuring transactions in Brazil. The firm is consistently recognized for its work on the region’s most high-profile, prominent transactions and has been ranked as a leading legal adviser in Latin America by publications, including Latin Lawyer, LatinFinance, Chambers Latin America, The Legal 500 and IJGlobal.