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NEWS

Locaweb Closes $511 Million Follow-On Offering

February 16, 2021

São Paulo – Paul Hastings LLP, a leading global law firm, represented Itaú BBA, Goldman Sachs, Morgan Stanley, XP Investimentos and BTG Pactual as international placement agents in Locaweb’s $511 million follow-on equity offering. The company will use the proceeds from the primary offering to finance potential acquisitions in the technology sector.

Locaweb’s business lines include web hosting, domain registration and SaaS solutions for email, productivity, e-commerce, electronic payments and digital marketing. The company, which has more than 400,000 customers throughout Latin America, completed its $308 million IPO on the São Paulo Stock Exchange (B3) in February 2020.

São Paulo partner David Flechner led the Paul Hastings team, which also included associates Diana Balassiano and Lorenzo Colombi-Manzi, with support from partner David Makso and associate Rob Wilson from New York.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.

Practice Areas

Corporate

Latin America

Securities and Capital Markets


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