Aeris R$981.9 Million Initial Public Offering

Davis Polk advised the joint bookrunners in connection with the primary and secondary public offering by Aeris Indústria e Comércio de Equipamentos para Geração de Energia S.A. and the selling shareholders of 176,923,070 common shares for an aggregate amount of approximately R$982 million. The common shares trade on the São Paulo Stock Exchange. The securities sold in the international offering were placed under Rule 144A and Regulation S.

Aeris is one of the largest producers globally of rotor blades for wind energy, with a portfolio of customers that are among the world’s largest wind turbine manufacturers.

The Davis Polk corporate team included Manuel Garciadiaz and Drew Glover. The tax team included Po Sit and Ben Levenback. Members of the Davis Polk team are based in the São Paulo, New York and Northern California offices.