Focus Energia’s R$773 Million IPO

February 16, 2021

Cleary Gottlieb represented Morgan Stanley, Santander, Citigroup, and UBS, as international placement agents, in the initial public offering of Focus Energia Holding Participações S.A. (Focus Energia).

The offering raised approximately R$773 million in gross proceeds and included both primary and secondary offerings. The offering was registered before the Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários – CVM), and the shares were offered in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act.

Focus Energia is an integrated business platform for the electricity sector with customers and operations throughout Brazil and in various sectors of the economy.