Cleary Gottlieb represented TPG Capital and Gávea Investimentos in their R$400 million (approximately U.S.$230 million) subscription of 25% of the share capital of Rumo Logística, a logistics company and subsidiary of Cosan S.A. Indústria e Comérci, Brazil’s largest sugar and ethanol group in terms of revenue. Rumo Logística intends to apply the proceeds towards a R$1.2 billion investment in rail lines connected to port facilities and associated infrastructure for the export of sugar products. The subscription agreement was signed on July 2, and the transaction closed on September 2.