Hogan Lovells Advises Cury on R$600 Million Follow-On Equity Offering

Hogan Lovells advised Cury Construtora e Incorporadora S.A. (B3: CURY3) on its follow-on equity offering, assisting the issuer in a transaction coordinated by Itaú BBA Assessoria Financeira S.A., BTG Pactual Investment Banking Ltda., Bank of America Merrill Lynch Banco Múltiplo S.A., and Caixa Econômica Federal, with international placement agents handling offers to investors outside Brazil. The transaction comprised a public offering of common shares in Brazil under CVM Resolution 160 that raised gross proceeds of approximately R$600 million. The proceeds of the offering will be used for the payment of dividends in 2025. The common shares were also offered to professional investors in the United States and other jurisdictions through international placement agents Itaú BBA USA Securities, Inc., BTG Pactual US Capital, LLC, and BofA Securities, Inc. Cury’s common shares are listed on the Novo Mercado segment of B3 – Brasil, Bolsa, Balcão. Hogan Lovells represented Cury Construtora e Incorporadora S.A. with a team composed by: partners Isabel Costa Carvalho (Capital Markets, São Paulo) and Jonathan Lewis (Capital Markets, São Paulo); associate Felipe Lacerda (Capital Markets, São Paulo); attorney Leah Mazzuco (São Paulo); visiting international lawyer Fernanda Barros (Mergers & Acquisitions, New York); and law clerk Ana Laura Pongeluppi (Capital Markets, New York). Additional support was provided by partner Scott R. Lilienthal (Tax, Pensions & Benefits, Washington, D.C.); senior counsel Henry Kahn (Mergers & Acquisitions, Baltimore); and senior associate Chasse Osborn (Tax, Pensions & Benefits, Boston). The transaction reinforces Hogan Lovells’ position as a leading international law firm in Brazil, noting that the firm advised on half of the follow-on equity offerings in Brazil during 2025 that included international placement efforts.

Hogan Lovells Advises Cury on R$600 Million Follow-On Equity Offering

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