Mutliplan to Meet Investors

Brazil’s Multiplan is to begin investor meetings Thursday ahead of an equity follow-on targeting more than BRL600m ($309m), with pricing scheduled for March 27, according to a prospectus. To raise funds for growth, the mall operator is planning on selling 10.4m shares, assuming a 15% greenshoe. This would indicate a BRL610m deal based on Monday’s BRL58.67 closing price. A 20% hot issue is also possible. In previous documents, Multiplan had estimated starting a roadshow next week and pricing in the first week of April. Bank of America Merrill Lynch, Bradesco, BTG Pactual, Credit Suisse and Itau are managing. Multiplan’s last widely-marketed visit to the ECM was in 2009, raising BRL670m, which it followed with a BRL122m accelerated bookbuild in 2010.