Davis Polk advised Credit Suisse Securities (USA) LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Bradesco Securities, Inc. and Goldman, Sachs & Co. as joint bookrunners on the Rule 144A/Regulation S secondary offering of shares of Qualicorp S.A. The selling shareholders sold an aggregate of 45,972,391 common shares for a total of approximately $410 million.

Qualicorp is one of the leading, full-service health benefit plan administrators and health management services providers in Brazil. Qualicorp is a portfolio company of the Carlyle Group. 

The Davis Polk corporate team included partner Manuel Garciadiaz, associates Drew Glover and Christian D. Guevara. The tax team included partner Neil Barr and associate Arie Rubenstein. Inés Velasco was the legal assistant for the transaction. All members of the Davis Polk team are based in the São Paulo and New York offices.