Shearman & Sterling is representing the joint global coordinators and bookrunners on concurrent Brazilian equity deals.
 
Itaú USA Securities and JP Morgan Securities are leading a syndicate of international underwriters on simultaneous offerings by Brazilian steelmaker Gerdau Group. There are four placements in all, including preferred shares and American depositary share, raising $2.5 billion in total. The proceds are expected to finance Gerdau´s expansion and acquisition efforts.
 
This is the first time a Brazilian company used international financial reporting Standards (IFRS)to file with the Brazilian securities commission, the CVM.
 
“This was a complex deal involving many moving parts,” said Shearman & Sterling´s Tobias Stirnberg. “It was made even more complicated by the need for a structure with parallel SEC-registered and exempt offerings, rights offerings and the use of IFRS by Gerdau in its CVM filings.”
 
Andrew Jánszky is leading Shearman´s São Paulo team with Tobias Stirnberg. He is supported by counsel Charles Gittleman and Russell Sacks from New York.
 
Carlos Mello with Mattos Filho Veiga Filho Marrey Jr e Quiroga is offering local advice to the underwriting syndicate.
Ross Kaufman is leading Greenberg Traurig as counsel for Gerdau.
 
Flavio Meyer at Machado Meyer Sendacz e Opice is providing local counsel for Gerdau.
 
(IFLR Legal Wire - www.iflrlegalwire.com  12.06.2008)