Shearman And Sterling

News July 28, 2021

WDC Networks’ R$450 Million IPO

Shearman & Sterling represented BTG Pactual, Bradesco BBI, Itaú BBA and Citigroup as international placement agents in connection with the initial public offering of WDC Networks (Livetech da Bahia Indústria e Comércio S.A.), raising gross proceeds of R$450 million. The transaction closed on July 27, 2021.

WDC Networks provides customized, highly-complex information technology, telecommunication and solar energy solutions to a wide range of customers in Brazil, in other countries in Latin America and in the United States. The company offers a wide range of products and related services such as broadband infrastructure, surveillance cameras, access to control systems, cybersecurity, data centers, automation and solar energy generators.

The Shearman & Sterling team below included Gabriela Laufer and Marina Mendes Correa.

The Team