"Trench Rossi Watanabe Advises Creditas on Launch of BRL 800 Million Auto Credit Investment Fund"

"Trench Rossi Watanabe advised Creditas in structuring and launching the Creditas Auto XII Credit Rights Investment Fund (FIDC) through a public offering of BRL 800 million. The fund aims to finance secured credit operations and automobile financing via Creditas' digital platform. The offering saw high demand, reaching R$ 2.3 billion, nearly three times the offered amount. Itaú BBA, ABC, and Santander coordinated the offering, with Angá Asset as fund manager and Daycoval as administrator and custodian. All credit origination processes are conducted electronically, ensuring efficiency and a steady flow of credit rights."

Trench Rossi Watanabe advised Creditas in the structuring and establishment of the Creditas Auto XII Credit Rights Investment Fund (FIDC) through a public offering of shares amounting to BRL 800 million. The transaction aimed to finance secured credit operations and automobile financing originated by Creditas' digital platform. The offering registered significant demand, with R$ 2.3 billion in the bookbuilding process, nearly three times the volume offered. Itaú BBA, ABC, and Santander coordinated the offering, while Angá Asset acted as the fund manager and Daycoval served as the administrator and custodian. All credit origination stages were conducted electronically, including loan granting, vehicle guarantee establishment, and receivables assignment to the fund. To build the portfolio, the FIDC acquired new credits from the platform and entered into receivables assignment agreements with two investment funds, ensuring a continuous flow of credit rights. Trench Rossi Watanabe was represented by partner Eduardo Herszkowicz, along with associates Bruno Gontijo and Daniel Mota.

"Trench Rossi Watanabe Advises Creditas on Launch of BRL 800 Million Auto Credit Investment Fund"

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