Equity Follow-On of the Year

Equity Follow-On of the Year

Brazil Equity M&A Corporate & Sovereign Strategy Funds

EnergisaDuring the first half of 2016, activity in Brazil’s equity capital markets virtually dried up. Investor anxiety over the country's political turmoil and protracted economic recession extended a dry spell in equity offerings from Brazilian companies that first began in mid-2015.But sentiment toward Brazil began a dramatic shift in June and July, as the impeachment of former President Dilma Rousseff moved forward and interim president Michel Temer unveiled a series of market-friendly policies. Brazilian power company Energisa capitalized on the renewed investor interest and, following an extensive roadshow, it launched an offering of new stock with the aim of reducing its deb

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