Virgo’s $60 Million Real Estate Receivables Certificates Issuance

Tauil & Chequer Advogados (T&C), in association with Mayer Brown, advised Virgo on the transaction. Cescon Barrieu advised Banco Safra.

Virgo executed its 22th issue of Real Estate Receivables Certificates, in a single series, backed by real estate credits owed by Localiza on behalf of Virgo. The deal value was nearly US$60 million, including the coordination with Banco Safra.

The T&C team included Capital Markets & Securitization partner Bruno Cerqueira (Picture) and associate Flavia Biagiotti.

The Cescon Barrieu team included partner Alice Fulgêncio Brandão, trainee Lucas Ubiratan de Oliveira and interns Yan Souza Pereira, André Andrade Brandão and Karina Rodrigues.

Involved fees earner: Alice Fulgêncio Brandão – Cescon, Barrieu, Flesch & Barreto; Flavia Biagiotti – Mayer Brown; Bruno Cerqueira – Mayer Brown;

Law Firms: Cescon, Barrieu, Flesch & Barreto; Mayer Brown;

Clients: Banco Safra; Virgo Companhia Securitizadora;