Simpson Thacher recently represented T4F Entretenimento S.A. and certain selling shareholders in connection with the initial public offering of 29,310,345 common shares. 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 under Regulation S. The transaction raised R$469 million (approximately US$297 million) in proceeds, in addition to R$70 million (approximately US$44 million) or 4,396,551 additional shares sold by the selling shareholders on exercise of the overallotment option.
T4F is the leading live entertainment company in South America and the third largest in the world in terms of number of tickets sold in 2010, according to Billboard. In 2010, T4F promoted four of the world’s five largest live entertainment tours, according to Pollstar and was voted the best international independent producer, ranked among the world’s top three producers at the 2009 and 2010 Billboard Touring Awards.
The Simpson Thacher team for this transaction included Jaime Mercado, Thiago Spercel, Sasha Willimann, Nicolas Ferre, Alberto Bull da Silva and Fernando Burman (São Paulo Office); and Rob Holo, Jonathan Cantor and Danny Salinas (Tax).