Simpson Thacher recently represented Banco Itau BBA, BTG Pactual, Bank of America Merrill Lynch, Banco Votorantim and BB Investimentos, in connection with the initial public offering by Companhia de Locação das Américas (Locamerica), a Brazilian car-rental company focused on vehicle fleet outsourcing for corporate clients.  The offering of 30,331,062 shares raised approximately R$273 million (US$145 million).  Locamerica will be listed on the BM&FBovespa under the ticker symbol “LCAM3”. The offering is the first Brazilian IPO since Abril Educação’s IPO in July-2011, where the Firm also represented the underwriters.

The Simpson Thacher team included: Jaime Mercado, Gustavo Pinto, and Bruno Viveros (Corporate), and Rob Holo and Anthony Minervini (Tax).