We advised Vitru on the transaction 

Davis Polk advised Vitru Limited on its merger with its Brazilian subsidiary, effectively migrating its stock exchange listing from Nasdaq to B3. Under the terms of the transaction, Vitru’s shareholders exchanged their Nasdaq-listed common shares for ordinary shares of the Brazilian subsidiary to be listed on the B3 S.A. – Brasil, Bolsa, Balcão (São Paulo Stock Exchange) under the symbol “VTRU3.”

Vitru is the leading pure distance learning education group in the postsecondary distance learning market in Brazil. Through its invested companies, Vitru provides a complete pedagogical ecosystem focused on hybrid distance learning experience for undergraduates and continuing education students. Vitru’s mission is to democratize access to education in Brazil through a digital ecosystem and empower every student to create their own successful story.

The Davis Polk corporate team included partner Manuel Garciadiaz, counsel Lourenço Lopes-Sabino and associate Matt Weaver. Partner Mario J. Verdolini and associate Alanna Phillips provided tax advice. Counsel Charles Shi provided executive compensation advice. Members of the Davis Polk team are based in the New York and São Paulo offices.