GP Bookrunners Bag $5.1m in Equity Fees

Bookrunners Credit Suisse and Citi received $5.12m in gross fees from the Brazilian private equity firm’s BRL319m secondary offering of BDR’s on the Bovespa, representing a spread of 2.75%, according to Dealogic. The offer, placed Friday, saw 5.4m shares priced at BRL59, above the initial guidance of BRL57.25. Proceeds went to funding investments in Brazil and Mexico. One BDR is equal to an A ordinary share.