Davis Polk advised Arco Platform Limited in connection with its SEC-registered initial public offering of an aggregate of 12,777,777 Class A common shares, at a price per Class A common share of $17.50 (including the full exercise of the underwriters’ overallotment option). The initial public offering raised gross proceeds of $223.6 million. The Class A common shares are listed on the NASDAQ Global Select Market under the symbol “ARCE.”
Headquartered in São Paulo, Brazil, Arco provides a pedagogical system with technology‑enabled features to deliver educational content to private schools in Brazil. Arco’s turnkey curriculum solutions provide educational content in both printed and digital formats delivered through its platform.
The Davis Polk capital markets team included Manuel Garciadiaz, Konstantinos Papadopoulos, Elliot M. de Carvalho, Richard Corbett and Amy L. Larsen. The tax team included Mario J. Verdolini. Jeanine P. McGuinness provided sanctions advice. Sijia Cai provided 1940 Act advice. Members of the Davis Polk team are based in the São Paulo, New York and Washington DC offices.