Davis Polk advised Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. Incorporated, Itau BBA USA Securities Inc. and Deutsche Bank Securities Inc. as representatives of the several underwriters on the $314 million initial public offering of 28,571,428 shares of Adecoagro S.A. Of those shares, Adecoagro sold 28,405,925 shares and certain selling stockholders sold 165,503 shares. Adecoagro's common stock is traded on the New York Stock Exchange under the symbol “AGRO.”

Based in Luxembourg, Adecoagro is a leading agricultural company in South America, with operations in Argentina, Brazil and Uruguay.

The Davis Polk corporate team included partner Maurice Blanco, associate Katia Brener, foreign temporary associates Joshua Parraga (admitted only in Mexico) and Siphile Buthelezi (admitted only in South Africa) and former foreign temporary associate Maximino Montero (admitted only in Spain). Partner Kathleen L. Ferrell and associates Michelle Messer and Kerry S. Price provided tax advice. Counsel Marcie A. Goldstein provided FINRA advice. Joshua Sills and Malik M. Khalil were the legal assistants for the transaction. All members of the Davis Polk team are based in the New York office.