Burger King Brasil R$510 Million Equity Offering

Davis Polk advised the joint bookrunners on the equity offering of common shares of BK Brasil Operação e Assessoria a Restaurantes S.A. for an aggregate amount of approximately R$510 million (approximately $96 million). The common shares trade on the São Paulo Stock Exchange. Common shares sold in the international offering were placed under Rule 144A and Regulation S.

Burger King Brasil is the master franchisee of Burger King Corporation in Brazil, holding exclusivity rights to manage and develop the BURGER KING and POPEYES brands in the country.

The Davis Polk corporate team included Manuel Garciadiaz and Lourenco Lopes-Sabino. The tax team included Mario J. Verdolini and Tomislava Dragicevic. Members of the Davis Polk team are based in the São Paulo and New York offices.