The Firm recently represented CPFL Energias Renováveis S.A. (“CPFL”) in connection with its R$914.7 million (US$375.6 million) initial public offering of common shares on the São Paulo Stock Exchange. The common shares were offered to the public in Brazil, to qualified institutional buyers in the United States under Rule 144A and to non-U.S. persons in reliance on Regulation S.
CPFL is the leading Brazilian renewable electricity generation company, producing energy from wind farms, small hydroelectric plants, biomass-fueled thermoelectric plants and photovoltaic solar plants, in terms of installed capacity in operation and under construction. CPFL intends to use the net proceeds from the offering to fund its renewable energy generation projects under development, as well as potential acquisitions of new projects.
The Simpson Thacher team for this transaction included Grenfel S. Calheiros, S. Todd Crider, William A. Langer and Taissa M. Licatti (Capital Markets); and Jonathan Cantor and Michael J. Cardella (Tax).
