News & Events

The Firm recently represented Santander Investment Securities Inc. and Citigroup Global Markets Inc., as joint placement agents, in connection with the initial equity offering of approximately 72 million shares of Class A common stock of Pesquera Exalmar S.A. The shares were sold to the public in Peru, to qualified institutional buyers in the United States in reliance on Rule 144A and to non-U.S. persons in other countries in reliance on Regulation S. The transaction raised approximately $120 million. This was the first public equity offering in Peru conducted on the Lima Stock Exchange with international investors.   

Exalmar is a leading producer of fishmeal and fish oil products in Peru which is the world’s largest producer and exporter of such products. 

The Simpson Thacher team for the transaction included David L. Williams, Jaime Mercado, Rafael Berckholtz and Jorge Allende (Capital Markets); Amie Broder (Tax); and Flavia Hennessey (paralegal).