Davis Polk Advises Arco Platform Limited on Its $331.9 Million Follow-On Offering

Davis Polk advised Arco Platform Limited on its SEC-registered follow-on offering of an aggregate of 7,719,503 Class A common shares, of which 3,450,656 shares were issued and sold by Arco and 4,268,847 shares were sold by certain selling shareholders, at a price per Class A common share of $43.00. 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 to improve the learning process.

The Davis Polk capital markets team included Manuel Garciadiaz, Konstantinos Papadopoulos, Elliot M. de Carvalho and Hugo Casella. The tax team included Mario J. Verdolini and Tomislava Dragicevic. Sarah E. Kim and J. Taylor Arabian provided 1940 Act advice. Members of the Davis Polk team are based in the São Paulo and New York offices.