28 May – LAWFUEL Press Release Service – Simpson Thacher recently represented American BankNote S.A. (“ABN”) and selling shareholders, ABN Equities Inc. and Banco Alvorada S.A., in a secondary offering of ABN’s common shares that raised the U.S. dollar equivalent of US$226.3 million for the selling shareholders. The transaction was ABN’s initial equity offering with common shares 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.
ABN is a leading provider of identification cards and print management systems in Brazil. ABN’s customers include large financial institutions, telecommunications companies and state governments. ABN’s solutions include credit and debit cards, inductive and pre-paid public phone cards, driver’s licenses, security printed documents, identification cards, processing and issuance of security printing and fraud prevention documents, among others.
The Simpson Thacher team for the transaction consisted of Todd Crider, Jaime Mercado, Beatriz Franco and Adriana Kertzer (corporate), and Jonathan Cantor and Sean Austin (tax).