Enesa Participacoes Files for IPO

Brazil’s Enesa Participacoes has filed a preliminary prospectus for an IPO. According to securities filings, Itau is listed as the lead coordinator, with Banco Modal, BB Investimentos, BTG Pactual, and Credit Suisse also listed as coordinators. Banco do Brasil, BB Securities, BTG, Credit Suisse, and Itau, are also listed as international placement agents, while Credit Suisse will also be acting as stabilizing agent. The engineer and builder is active in the industrial, energy and infrastructure sectors, and has been expected to come to the Bovespa in the first half of the year. Enesa is known as a contractor for Petrobras, and would be among the first in a long line of Petrobras providers that investors and bankers expect to raise equity to support Petrobras’ pre-salt exploration. Enesa generated BRL103.8m in Ebitda in 2010, up from BRL74.5m in Ebitda the year before.