Moura Dubeux R$1.1 Billion Initial Public Offering

Davis Polk advised the joint bookrunners and the financial adviser in connection with the initial public offering by Moura Dubeux Engenharia S.A. of 58,150,895 common shares for an aggregate amount of R$1.1 billion (approximately $257.1 million). The common shares trade on the São Paulo Stock Exchange. Securities in the international offering were placed under Rule 144A and Regulation S.

Moura Dubeux has operated for more than 30 years primarily in the luxury and high-end residential building market segment and is the largest developer in the Northeast region of Brazil, with leading market shares in the cities of Recife, Fortaleza and Natal and one of the leading market shares in the city of Salvador.

The Davis Polk corporate team included Manuel Garciadiaz and Elliot M. de Carvalho and Hugo Casella. The tax team included Ethan R. Goldman and Eitan Ulmer. Members of the Davis Polk team are based in the São Paulo and New York offices.