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Simpson Thacher recently represented the placement agents in connection with the initial offering of common shares of Bematech Indústria e Comércio de Equipamentos Eletrônicos S.A. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Itau Securities, Inc. acted as joint bookrunners for the offering. HSBC Securities, Inc. and Banco Espírito Santo, S.A. acted as co-managers for the offering. The transaction included a primary and secondary offering, and subsequent exercise of an overallotment option granted by the company. The common shares were offered to the public in Brazil, with selling efforts to qualified institutional buyers in the United States under Rule 144A and to non-U.S. persons in Europe under Regulation S.

Bematech is the leading Brazilian producer of hardware products for commercial automation of retail establishments. Bematech also licenses retail management software and has a significant market share in providing maintenance and other services related to its hardware and software products.

The Simpson Thacher team for this transaction included Jaime Mercado, Andrea Andrezo and Patricia Scharlau (Capital Markets) and Jonathan Cantor and Peter Rosen (Tax).