Summary of Transaction
Demarest acted as deal counsel assisting the parties involved on the preparation of the documentation of the offering, and negotiation of its terms and conditions.

Public offering with restricted sales efforts (CVM Regulation 476/2009) of 122 (one hundred twenty two) certificates of agribusiness receivables ("CRA"), issued by Gaia Florestal Securitizadora S.A. ("Gaia"), amounting to BRL 40 million. BB Banco de Investimentos S.A. ("BB-BI") acted as the leading placement agent.

Use of structured financings, such as the CRA, in the capital markets is a trend the agribusiness sector will follow to provide the necessary funds it needs to comply with the demand within the following years. This CRA offering is the first implemented by Banco do Brasil - the largest agribusiness financer in Brazil - and Gaia - the largest securitization company in Brazil -, and is groundbreaking since provided financing to a sugarcane producer under a long term facility (almost 5 years).

Date of closing
January 29, 2013

All firms Involved
Demarest e Almeida Advogados

Lawyers acting in transaction
Thiago Giantomassi (Partner)
Renato Buranello (Partner)
Marcelo Winter (Associate)
Márcio Moura (Associate)

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