Abraham Paul
Biography
Overview
Abraham's practice focuses on capital markets transactions, representing issuers and underwriters in connection with a variety of cross-border offerings of securities structured as Rule 144A and Regulation S equity offerings. Prior to joining White & Case's São Paulo office, Abraham worked at White & Case's New York office and as a corporate associate at two prominent law firms in New York City. Abraham has also served as a volunteer at two social services organizations in Minas Gerais, Brazil.
Experience
Ambipar US$750 million green notes issuance
Representation of the initial purchasers on Ambipar's issuance of US$750 million 9.875% green notes due 2031. The net proceeds of the notes were used to repay existing indebtedness and for general corporate purposes. Ambipar Lux S.à r.l. is a wholly owned subsidiary of Ambipar Participações e Empreendimentos S.A., one of the leading environmental, emergency response and industrial field service providers in Brazil.
Minerva US$1biillon notes offering
Representation of Minerva Luxembourg S.A., a Luxembourg arm of the Brazilian meat processing company Minerva S.A., in connection with a notes offering in the aggregate amount of US$1 billion. Minerva issued the notes in two tranches. Both tranches carry an interest rate of 8.875% and mature in 2033. Minerva is one of Latin America's largest meat processors, with production facilities in Argentina, Brazil, Colombia, Paraguay and Uruguay.
Serena Energia R$775 million equity secondary offering
Representation of Serena Energia S.A. and Poraquê Fundo de Investimento em Participações Multiestratégia, an investment fund managed by Tarpon Gestora de Recursos Ltda., in a Rule 144A/Regulation S equity secondary offering of 86,154,087 common shares, by Poraquê Fundo de Investimento em Participações Multiestratégia, resulting in gross proceeds to the selling shareholder of approximately R$775.4 million. Serena Energia S.A. has more than 2.5 GW in operational renewable installed capacity across seven Brazilian states, together with an additional 265.5 MW in the State of Texas in the United States.
Privatization of Eletrobras
Representation of the international underwriters and placement agents in the public offering by Centrais Elétricas Brasileiras S.A. – Eletrobras and BNDES of 697,476,856 common shares, including 9,783,100 American Depositary Shares evidenced by American Depositary Receipts, at a price of R$42.00, in a US$6.9 billion transaction. This is the second-largest equity offering ever by a Brazilian issuer. This transaction was recognized as "Deal of the Year" by The Legal 500 Brazil Awards and "Capital Markets Deal of the Year" by Latin Lawyer.
Hapvida follow-on offering
Representation of the placement agents in the follow-on offering of 395,207,520 shares of common stock of Hapvida Participações e Investimentos S.A, a Brazil-based holding health care company.
Banco Inter equity follow-on offering
Representation of the placement agents in a Rule 144A/Regulation S equity follow-on offering by Banco Inter, for aggregate gross proceeds of R$5,410.4 million (US$949.6 million). The proceeds were used to implement the issuer's business plan and accelerate its strategic initiatives through investment in new products and potentially strategic acquisitions. Banco Inter is a full-service bank that seeks to modernize the Brazilian banking market through a complete digital platform that integrates several product lines in a simple and easy-to-use layout. The bank's units, common shares and preferred shares are listed on the Nível 2 segment of the São Paulo Stock Exchange (B3 S.A. – Brasil, Bolsa, Balcão). This deal was named "Equity Follow-On of the Year" by LatinFinance.
Alupar secondary offering
Representation of the placement agents in a secondary offering of 32,162,754 units of Alupar Investimento S.A. sold by FI-FGTS for approximately R$900 million in the US and other jurisdictions.
Mater Dei's IPO
Representation of Hospital Mater Dei S.A. and the selling shareholders in the issuer's initial public offering on the B3 with a concurrent Rule 144A/Regulation S equity offering of 80,694,056 common shares, of which 68,171,121 common shares were issued and sold by the issuer and 12,522,935 common shares were sold by the selling shareholders. BTG Pactual US Capital, LLC, Bradesco Securities, Inc., Itaú BBA USA Securities, Inc., J.P. Morgan Securities LLC and Safra Securities LLC., acted as international placement agents for this offering. Hospital Mater Dei is an integrated healthcare ecosystem that provides hospital and oncological services.
TC Traders Club's IPO
Representation of TC Traders Club S.A. as issuer in a Rule 144A/Regulation S initial public offering of 55,555,556 common shares and 1,805,533 additional common shares. The company is the largest social platform for individual investors in Latin America, connecting more than 470,000 users through its digital platform, which offers social interaction features, including discussion forums and discussion boards for the posting of trading strategies. The company's common shares will trade on the Novo Mercado segment of the São Paulo Stock Exchange (B3 S.A. – Brasil, Bolsa, Balcão).
XP Inc.'s inaugural notes issuance
Representation of the initial purchasers in connection with XP's inaugural issuance of US$750 million 3.250% senior unsecured notes due 2026 pursuant to Rule 144A/Regulation S. The notes were guaranteed by XP Investimentos and listed on the Singapore Exchange Securities Trading Limited.
Lojas Renner follow-on offering
Representation of Lojas Renner S.A. in a Rule 144A/Regulation S follow-on equity offering of 102,000,000 common shares, resulting in gross proceeds to the issuer of approximately R$3.9 billion. Lojas Renner S.A. is one of the largest fashion and lifestyle ecosystems in Brazil, offering a broad platform of brands and services to customers.
BR Advisory Partners Participações' IPO
Representation of BR Advisory Partners Participações S.A. in its initial public offering on the B3 with a concurrent Rule 144A/Regulation S equity offering of 22,750,000 units. BR Advisory Partners is an independent Brazilian investment bank considered a leader in the provision of financial advisory and capital markets services according to multiple rankings.
Lojas Americana's bond offering
Representation of JSM Global S.à r.l, a wholly owned subsidiary of Lojas Americanas S.A. in connection with a bond offering of US$500 million 4.750% senior notes due 2030 pursuant to Rule 144A and Regulation S under the Securities Act. The notes were guaranteed by Lojas Americanas S.A., one of the largest retail companies in Brazil based on market value.
Omega Geração follow-on offering
Representation of Omega Geração S.A. (currently Serena Energia S.A.) in a Rule 144A/Regulation S equity follow-on offering of 23,450,027 common shares, resulting in gross proceeds to the issuer of approximately R$879.1 million. Itaú BBA Securities, Inc. acted as placement agent for this offering. The issuer holds power generation assets focused on clean and renewable energy.
Equatorial Energia equity offering
Representation of Equatorial Energia S.A., a publicly listed Brazilian energy company, in connection with a 144A/Reg S offering of 118,395,000 common shares at a price per common share of R$23.50, totaling R$2.8 billion.
Panelist, ESG – Corporate Governance and Civil Liability of Management in the Context of Judicial Restructurings, May 2023, Sponsored by Equalizar and Nubank
Up and Coming, Chambers Brazil, International Firms, Capital Markets, 2023 and 2024