Cleary Gottlieb Steen & Hamilton LLP and Machado, Meyer, Sendacz e Opice Advogados have represented Brazilian real estate company PDG Realty as it raised US$475 million in a follow-on equity offering.
 
Simpson Thacher & Bartlett LLP and Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados acted for placement agents UBS Securities, Itaú USA Securities, Goldman Sachs, Merrill Lynch, Banco BTG Pactual, and Safra Securities, in the issuance.
 
Rio de Janeiro-based PDG’s offering follows close on the heels of São Paulo developers Rossi Residencial, which raised 928 million reais (US$527 million) in an initial public offering on the international markets a week ago.
Two other real estate companies in the country, Brookfield and Cyrela, have also said that they are planning share offerings.
 
Counsel to the banks
 
US
 
      Simpson Thacher & Bartlett LLP
 
Partner Todd Crider in São Paulo and Partner Rob Holo, counsel Jonathan Cantor and Jeanne Annarumma associates Andrea Andrezo, Sasha Willimann, Paula Redondo Pereira, and Aaron Cohen in New York
 
Brazil
 
      Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados
 
Partner Carlos Barbosa Mello and associates Rodrigo Azevedo Junqueira, Bruno Muffo and Bruno Bercito
 
Counsel to PDG Realty
 
US
 
      Cleary Gottlieb Steen & Hamilton LLP
 
Partner Francesca Odell and associate Caio Cossermelli
 
Brazil
 
      Machado, Meyer, Sendacz e Opice Advogados
 
Partner Carlos Motta and associates Alessandra Flo Vilardi and Michel Porcino
 
DT
 
(Latin Lawyer 27.10.2009)
 
(Notícia na Íntegra)